Accounting

Managing expenses can be a challenge for any field-service company, and construction companies can be particularly susceptible to inefficiencies and waste. Variable costs for materials, management of labor and subcontractors, managing cash flow and adhering to budgets over long p...

What should contractors consider when choosing a new accounting firm? Michael B. Ceschini, CPA, CCIFP, CM&AA Managing Member Ceschini CPAs Tax & Advisory PLLC A critical relationship for any successful business is the one it has with its CPA firm. And while every industry has...

Accounting can be a tricky subject to handle in any industry, but this is particularly true in the world of construction. A set of very specific complexities alongside all of the usual tax headaches can mean that mistakes are made easily. Many construction businesses are now mak...

Don’t worry, this isn’t going to be an article on the history of Al Capone and how it was a simple accountant who ultimately took him down. Nor will this be an insider’s guide to how a construction company can detect—or, worse, get away with—fraud by setting up its accounting rec...

Alternative capital is a broad term for financing provided by institutions or firms that typically fall outside of the purview of the larger, regulated institutions (i.e., not traditional banks). While these funding sources may not always be the first option for many businesses, ...

In the ever-evolving landscape of the real-estate industry, financial challenges can arise unexpectedly, threatening the viability of projects. These projects, once fueled by grand visions, innovation and investment, find themselves teetering on the precipice of uncertainty. This...

Best practices for managing cash flow year-round. Jon Zeiler Partner Crowe A balance sheet and income statement do not tell the whole story. Managers of construction companies must be monitoring and forecasting cash to make the most informed managerial decisions and properly...

Tony Rader calls it “peeling back the onion”—the slow, methodical process of uncovering the full extent of an embezzlement scam that eventually totaled more than $1 million. What National Roofing Partners (NRP) first discovered was bad enough. The Coppell, Texas–headquartered com...

In the construction industry, decision making is driven by the needs of the field. When it comes to purchasing power, employees are often reliant on credit cards of various types. If a field worker often has to purchase from Home Depot, it makes sense that they would get a Home D...

The passing of the Inflation Reduction Act provides numerous tax advantages for construction and development. One of these incentives is the redevelopment and expansion of the 179D Commercial Buildings Energy-Efficiency Tax Deduction, created to encourage those in the industry to...