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 […]
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 […]
How Indirect Construction Costs Can Impact Your Profitability
By Joy McAdoo, CPA Keeping tabs on direct construction costs for a project is pretty straightforward. Take your materials costs, for instance: X number of beams used on the project multiplied by cost of each beam = total cost. Easy! Dealing with indirect construction costs, however, can be another story. Indirect costs relate to the […]
Bookkeeper vs. Accountant: Which is right for your business?
By Teri MacNabb, CPA Part of owning a business is managing its finances. But if you’re up to your eyeballs in account entries, you may want to bring in someone to help. So, do you hire a bookkeeper or an accountant? The short answer: It depends. If you simply need someone to enter day-to-day transactions […]
Will a Nigerian Prince be Your Next Client?
By Todd Koch, CPA, MBT, CFP® Introduction Many clients are looking for a new CPA, so receiving email requests for proposals is getting more common. Recently, I received an email request from a Nigerian prince offering me a million dollars to review his tax return. He conveniently attached his return to the email. So, all […]