April 18, 2017

Revenue Recognition – How to Comply with the New Standards


It has been almost three years since the Financial Accounting Standards Board (FASB) issued its new revenue reporting standard. But there’s still considerable work to be done before most contracting firms can comply with the

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April 6, 2017

Compliance Matters – Expense Reporting for Nonprofits Takes on New Significance


IRS Form 990 requires nonprofits to report expenses by their natural classification and then allocate the expenses according to the purpose for which they are incurred. The technical term for this is “functional expense allocation.”

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March 28, 2017

The latest on how much the U.S. government and American households owe


March 23, 2017

Captive Insurance in Construction – Three Recent Developments to Watch


In recent years, captive insurance companies have been attracting more and more attention in the construction industry. A number of companies have expressed interest in both the risk management advantages and potential tax benefits of

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March 7, 2017

Skilled Labor Shortage? Try Cross-Training


As they struggle with the ongoing shortage of construction labor, many contractors are rediscovering the advantages of cross-training employees in related skills. Here are a few benefits that multi-skill training can offer: Reduced turnover: Cross-training

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