How to Budget for Your Business

A solid plan is one of the most important tools for making sound financial decisions. And as your business grows in size, creating your budget to handle increased income and expenses may seem overwhelming. Learn if your current year budget plan is up-to-par and get a step-by-step approach for tackling your business budget. The Importance…

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Overcoming Construction Industry Inflation Challenges

Overcoming Inflation Challenges in the Construction Industry

How to Overcome Inflation Obstacles & Improve Cash Flow Inflation has become a global reality that affects our daily lives – from grocery store shelves to the local gas station. Unfortunately, this economic pressure isn’t solely limited to everyday items; contractor and construction firm costs have also skyrocketed in recent years due to inflationary pressures.…

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Managing Backlog for Construction Firms and Contractors

Having a healthy project backlog can indicate a healthy financial status. Having projects on the horizon is amazing, but if not managed properly, having more work can be worse than having little work. A backlog can create challenges for which you must prepare in advance. You must ensure that you’re focused on more than what’s…

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9 Steps to Find the Right Outsourced Accounting Partner

Engineers, architects’ surveyors, construction firms, and other industrial sector companies that decide to call on an outsourced accounting partner have to determine which company to trust. Choosing the right accounting, bookkeeping, and financial controller services firm to help you maintain your books, identify and evaluate costs, and strengthen your financial strategies takes time. The task…

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How to Pay Your Subcontractors and Submit 1099s

Business owners often use subcontractors, especially in the construction industry. Contractors depend on them to complete projects instead of hiring full-time employees. And often, these subcontractors specialize in their crafts. Paying subcontractors is a different task them paying your regular employees. These self-employed individuals set their rates and pay their taxes. Here, we give you…

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