To ensure your business is compliant with the law, it’s important to understand the differences between employee and independent contractor tax obligations in construction. While many of the same taxes apply to both employees and independent contractors, there are some key distinctions that can have an impact on your...
Construction businesses can be dangerous places if safety is not a top priority. Every year, thousands of workers are injured on the job, and many more die as a result of unsafe working conditions. It is therefore essential for construction business owners to take steps to promote safety in...
It is not always easy to grow a construction business, especially when you have not been established for a long period of time. Sales can be a lengthy process, and filling up a sales funnel takes time that you might not always have. One of the best ways to...
While many banks claim to offer loans and lines of credit to construction industry businesses, it isn’t always easy to find one who works with construction companies. When you are planning on exploring different types of financing for your company, here are some of the things that you need...
Construction companies have many different tax deductions available to them, and workers can also take advantage of numerous tax breaks that help save money. What are some of the deductions that you and your employees should take advantage of moving forward? 5 Common Tax Deductions for Construction Companies Car...
If you are a construction company that is working on government-funded construction projects as a contractor, you should understand the payroll reporting requirements that you are subject to. Certified payroll records are not overly complicated, but they do need to be accurate in order to maintain compliance. What should...
Does your construction company have adequate financing? Many businesses unnecessarily struggle as they search for financing or never explore financing options from more than one financial institution. Unfortunately, this means that many businesses that could benefit from versatile financing options never get to take advantage of them. What are...
One survey of construction companies found that a whopping 28% of them cited cash flow as their biggest concern, which ranked it higher than finding new customers. As you continue to grow your business, maintaining good cash flow management becomes even more critical. If you have issues with cash...
In the construction industry, it can be challenging to protect your company from the many claims that can arise as part of doing business. Even the most experienced construction contractors can find themselves in a dispute, and when those disputes escalate you might be presented with a bond claim....
Construction companies build the world around us, but they operate with surprisingly tight profit margins averaging around 3.5%. With material costs rising and things getting even tighter in some markets, it’s critical to understand the signs of fraud at your construction company so that you can prevent it and...
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