By Kyla Hansen, CPA, CVA An employee stock ownership plan (ESOP) can be a great way to transition your business and give back to your employees. But it’s not ideal for everyone. Before you move forward with an ESOP, it’s wise to do your homework and make sure it’s right for you. (This is partly […]
Why You Need a CPA on Your Team
By Kyle Sturgeon, CPA, MBA When you’re running a business, you can easily become lost in a laundry list of to-dos. This is especially true if you’re just getting started. There are tax forms to file, operating agreements to execute, and marketing plans to finalize, to name a few. But whether you’re in the startup […]
4 Simple Tips for Managing Cash Flow in Turbulent Times
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 […]