Here’s a brief glance at what you’ll find in the Summer issue…
Need an Exit Strategy? Consider an ESOP
Construction business owners today face a variety of challenges, including shrinking profit margins, labor shortages, supply-chain issues, and rising costs. On top of that, contractors with an eye on retirement — either in the near or distant future — may have concerns about an optimal exit strategy.
Upgrading Financial Statements to a Classified Balance Sheet
The three major parts of a company’s financial statements are generally regarded to be the balance sheet, the income statement, and the statement of cash flows. One way a construction business can improve its financial reporting is to upgrade its balance sheet from a conventional one to a classifiedbalance sheet.
Recent Report Champions Women in Construction
Construction is an industry historically dominated by men and currently grappling with a severe shortage of skilled labor. Meanwhile, women represent less than 11% of the construction workforce, according to the U.S. Bureau of Labor Statistics.
Contractors, Keep an Eye on Where AI is Headed
Artificial intelligence (AI) has been receiving plenty of press coverage lately, much of it negative. Like many technological innovations, AI is certainly susceptible to abuse and it’s far from infallible. However, AI has the potential to transform the way contractors do business — both in the office and on the jobsite. That’s why forward-looking contractors should keep an eye on where it is and where it’s headed.
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.