Here’s a brief glance at what you’ll find in the Fall issue…
Cash Flow Strategies for Construction Companies
Construction businesses play a dangerous game in having to invest heavily in the means to complete projects well before they get paid. The situation elevates cash flow management to a mission-critical activity. This article discusses some sound strategies for improving cash flow, such as preparing forecasts and staying on top of receivables. A sidebar notes that, under the right circumstances, switching tax accounting methods may boost cash flow.
Joint Ventures Offer Both Revenue and Risk
They’re hardly new to the industry, but joint ventures remain a tricky move for any construction business that’s largely unfamiliar with the process and experience. A carefully chosen and well-executed joint venture can indeed be profitable, but there are significant risks to consider. This article explores why contractors typically opt for a joint venture and discusses some of the common challenges involved.
Tired of HR Hassles? Consider a PEO
Sometimes the most difficult part of running a business is dealing with payroll, benefits, and other such matters. Enter the professional employer organization (PEO). PEOs are outsourcing providers that can relieve construction businesses, as well as other types of companies, from the hassles of human resources. This article examines the advantages and risks of partnering with one.
Contractors: Watch Out for Occupational Fraud
Construction businesses can be afflicted by occupational fraud in various places, including in the office and on the jobsite. That’s why they need to be particularly diligent when it comes to looking for and reacting to schemes. This article looks at some data from the most recent report published by the Association of Certified Fraud Examiners (ACFE) to help contractors know where to look.
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Santora CPA Group 2017. All rights reserved. Santora CPA Group is a Delaware certified public accounting and consulting firm offering a range of professional services to businesses, nonprofits, and individuals. These services include Tax Preparation and Planning; Accounting and Auditing; Bookkeeping and Payroll; HR Consulting and Employee Training; Litigation Support; Forensic Accounting; Business Consulting and Valuations; Fraud Prevention and Detection; and Delaware Administrative Trustee Services. Santora CPA Group is an equal opportunity employer.