By Jason Loven, CPA, CCIFP® Managing cash flow is never a piece of cake. Now, in the midst of a global pandemic, it’s become even more challenging for businesses within nearly every industry. For many contractors and construction-related businesses, the cash-flow conundrum is two-fold: As projects stall and staffing rosters fluctuate, keeping track of cash […]
Case Study: How a Construction Subcontractor Improved Profitability by Simply Bridging a Knowledge Gap
By Andy Knutson, CPA In 2017, we worked with a construction subcontractor that had struggled with profitability in recent years despite many project successes. The company’s bonding agent, who was concerned about the situation, had requested a reviewed financial statement and referred us to provide it. During our initial meeting with the owners and their […]
10 Ways to Protect Your Business From a Cyber Attack
By Steve Fox The words “cyber attack” have become part of our American vernacular. Unfortunately, there isn’t a standalone silver bullet that can keep your business safe from hackers and their seemingly ubiquitous malware. Preventing a cyber attack requires multiple layers of defense. Here are 10 cybersecurity measures every business should practice: Keep up with […]
Capital Lease or Operating Lease? 4 Questions to Ask
By Stephanie Loiland, CPA Many companies choose to lease assets for a period of time instead of buying them outright. If you’re in this situation, it’s important to know whether you’re dealing with a capital lease or an operating lease. That’s because the type of lease will affect how you record it—and the payments you […]
5 Reasons Why Employee Ownership Could Be Right for Your Business
By Kyla Hansen, CPA, CVA An employee stock ownership plan, or an ESOP, is a retirement program that allows its participants to be owners of the company for which they work. As a business owner, you might consider an ESOP as a way to provide a valuable benefit for your employees. But this isn’t the […]