Fall 2023

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.

To view a PDF of the newsletter with full articles click HERE or below.

Santora CPA Group
Call us 302-737-6200