Accounting

The Transformation of Construction Lending

ccapoccia — Thu, 17 Oct 2024 13:22:08 +0000

The Transformation of Construction Lending ccapoccia Thu, 10/17/2024 - 08:22

The construction lending space, traditionally steeped in manual processes and human-to-human interactions, is undergoing a profound transformation thanks to the integration of technology. From streamlining workflows to enhancing transparency and reducing errors, technology is reshaping the landscape of construction finance.

10 Strategies for Contractors in Uncertain Economic Times

ccapoccia — Thu, 03 Oct 2024 12:53:39 +0000

10 Strategies for Contractors in Uncertain Economic Times ccapoccia Thu, 10/03/2024 - 07:53

Contractors are looking for ways to keep their heads above water. Marcum LLP's financial experts outline 10 areas of focus that may help businesses sail through potential troubles ahead.

How Job Costing Helps Businesses Improve Their Performance

ccapoccia — Mon, 09 Sep 2024 13:02:29 +0000

How Job Costing Helps Businesses Improve Their Performance ccapoccia Mon, 09/09/2024 - 08:02

Discover how job costing can help businesses scrutinized prospects and determine whether projects help or hurt cash flow and profitability.

5 Ways to Overcome Cash Flow Challenges & Grow Revenue

ccapoccia — Thu, 15 Aug 2024 12:46:46 +0000

5 Ways to Overcome Cash Flow Challenges & Grow Revenue ccapoccia Thu, 08/15/2024 - 07:46

Two of North America’s premier concrete events took place just a few short months ago. Anyone who attended World of Concrete in January or the Canadian Concrete Expo in February would no doubt feel pretty excited about the state of the industry. The convention centers were filled to the rafters with exhibits that showcased the most innovative products and technologies available to customers, and legions of buyers walked the show floor to find the right combination of products that will help make their operations more efficient and profitable.

Strategic Tax Planning for Contractors in 2024

ccapoccia — Mon, 29 Jul 2024 12:59:00 +0000

Strategic Tax Planning for Contractors in 2024 ccapoccia Mon, 07/29/2024 - 07:59

Marcum director Brian Marron outlines tax strategies for contractors.

Inside CFMA’s 2024 Annual Conference

ccapoccia — Fri, 05 Jul 2024 12:57:35 +0000

Inside CFMA’s 2024 Annual Conference ccapoccia Fri, 07/05/2024 - 07:57

CBO Editor Megan Beam's takeaways from the 2024 Construction Financial Management Association's Annual Conference and Exhibition.

Is Your CPA Holding Back Business Growth?

ccapoccia — Mon, 01 Jul 2024 13:03:40 +0000

Is Your CPA Holding Back Business Growth? ccapoccia Mon, 07/01/2024 - 08:03

Consider when it's time to find a new certified public accountant for your construction business.

An Unsteady Outlook: Financing in the Construction Sector

ccapoccia — Thu, 23 May 2024 13:11:38 +0000

An Unsteady Outlook: Financing in the Construction Sector ccapoccia Thu, 05/23/2024 - 08:11

With 2024 well underway, construction and engineering businesses may be primed for growth. But first, businesses and their ownership groups should understand the multitude of factors, on both a macro and micro scale, that lenders weigh when financing companies in the construction sector with heavy, project-based revenue streams.

Why Accurate Accounting Depends on Data Integration

ccapoccia — Mon, 20 May 2024 15:00:55 +0000

Why Accurate Accounting Depends on Data Integration ccapoccia Mon, 05/20/2024 - 10:00

Construction accounting is more than just tracking numbers and compiling reports. For contractors operating with increasingly thin margins, accounting is essential for building a profitable construction business. At the same time, construction accounting isn’t easy, even for the most experienced accountants.

4 Key Areas for Optimal Cash Flow Management

ccapoccia — Wed, 08 May 2024 09:00:28 +0000

4 Key Areas for Optimal Cash Flow Management ccapoccia Wed, 05/08/2024 - 04:00

As the construction industry transitions into the new year, it finds itself in a similar position to someone adjusting to a new day after a long night — the once buoyant stimulus era, characterized by the Paycheck Protection Program (PPP) and Employee Retention Credit (ERC), has dimmed, leaving behind a commercial sector grappling with uncertainty and a residential sector tightening its financial belt. Now facing the dual pressures of inflation and rising interest rates, the industry must also contend with labor issues that continue to constrict profit margins.