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HEADLINES ADDED: March 02, 2008
Are you measuring the economic impacts of Skill Shortages?
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HEADLINES ADDED: February 20, 2008
Haymill's Steve Farrant speaks out
t's people who make companies. Your staff are your biggest asset. This is a mantra every finance director in a construction company should have to...... Read More
HEADLINES ADDED: February 18, 2008
Cut the Fat
download as PDF“Two rules: #1 Preserve the principal and #2 When in doubt, see Rule #1.” –Warren BuffetQUESTION: What possible good could come out of the construction slow down? ANSWER: Too many to cover in just one short article! Here are just a few. Of course some action may be required on your part. This first series is on cutting the fat and turning a financial downturn into a win for your construction company.Forced Ranking Look around your company for those employees that just don’t shine quite as brightly... Read More
HEADLINES ADDED: February 17, 2008
Fashioning a fraud: analysis of expense patterns exposes crime.
[ILLUSTRATION OMITTED] EXECUTIVE SUMMARY * Businesses must clearly define the roles and responsibilities of employees who sign expense reports and those who process the reports. That should eliminate confusion about whether a manager's signature means that the individual is authorizing the expenses Publication: Journal of Accountancy... Read More
HEADLINES ADDED: February 06, 2008
Small Businesses Turn to Circle Lending for Financing
"Peer-to-peer" or "circle" lending sites are offering entrepreneurs and business owners a new way to borrow money from relatives, acquaintances, or total strangers. Is this a good way to obtain business financing?... Read More
HEADLINES ADDED: February 03, 2008
Enforcing the Mechanic's Lien - Going to Court
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Pursuit of Debtors - who do you chase?
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HEADLINES ADDED: January 28, 2008
Tom Brady and Efficient Capital Markets
Two university professors use a football playbook to teach net present value, IPO pricing, risk-shifting and more to undergrads and MBA candidates.... Read More
HEADLINES ADDED: January 23, 2008
What is your fraud IQ?
[ILLUSTRATION OMITTED] Fraud detection class is now in session. It's time to put your smarts to the test and see how you score on these questions from the Association of Certified Fraud Examiners. 1. According to ACFE's 2006 Report to the Nation on Occupational Fraud and Abuse, the typical Publication: Journal of Accountancy... Read More
Practical training tips for smaller firms: implementing a training program in a smaller firm does not require a significant financial investment and can be done without hiring a trainer.
[ILLUSTRATION OMITTED] A standardized training process can help ensure that all new employees coming into the firm are on the same page and improve retention. Consider these tips for establishing and maintaining a training program in your firm: * Purchase training software. For example, an Publication: Journal of Accountancy... Read More
Bankruptcy of Owner or Other Party to the Contract
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HEADLINES ADDED: January 22, 2008
Should You Start a Profit Sharing Plan for Your Small Business?
If you're looking for a way to attract or retain employees to your small business, you might consider adding a Profit Sharing Plan to your benefits roster. Profit sharing is an excellent way to motivate employees to work toward a common goal, focuses employees on profitability, and recognize their efforts as a group.... Read More
Credit Crunch Returns
The credit crunch has reappeared again and has already forced the Federal Reserve Board to make an emergency 0.75% cut in the federal funds rate. Other central banks will likely take similar action. This was done to keep credit available for normal business loans, including construction financing. This round of the financial crisis was set off by two inevitable events. The credit crunch has reappeared again and has already forced the Federal Reserve Board to make an emergency 0.75% cut in the federal funds rate. Other central banks will... Read More
HEADLINES ADDED: January 13, 2008
Marketing GAAP
Unlike FASB's avatars, International Financial Reporting Standards may be catching on because its creators are super sellers.... Read More
HEADLINES ADDED: January 08, 2008
FASB Gets the GAAP House in Order
Next week, the standard-setter will open up its codification project to scrutiny for one year.... Read More
IRS Increase Mileage Reimbursement
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HEADLINES ADDED: January 07, 2008
Selling Your Business
Selling your business is not as easy as you thought: Potential buyers won't flock to your business if you simply put up a for sale sign. Here are some tips to help you find the best buyers.... Read More
HEADLINES ADDED: January 06, 2008
Time to Mix it Up - Adding general collection advice
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Know Your Debtor - Corporations or Limited Liability Company
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HEADLINES ADDED: January 03, 2008
3 Easy New Year’s Financial Resolutions for Every Net Worth
Now that the new year is here, Americans are busy making resolutions for 2008. Why not resolve to make some straightforward improvements to your financial life?... Read More
HEADLINES ADDED: January 02, 2008
Buy-Sell Agreements: Ticking Time Bombs or Reasonable Resolutions?(Brief article)(Book review)
Buy-Sell Agreements: Ticking Time Bombs or Reasonable Resolutions? by Z. Christopher Mercer, ASA, CFA Peabody Publishing LP, 2007, 324 pp. Predicting the future is practically impossible. For businesses, that uncertainty makes planning crucial. Z. Christopher Mercer offers a granular look at one Publication: Journal of Accountancy... Read More
HEADLINES ADDED: December 27, 2007
What's IT Worth?
Most companies fail to report the true value of their software assets, according to a new study.... Read More
Sales and use tax relief for contractors.
The Maryland sales and use tax will be increased from 5% to 6% on January 3, 2008; however, there is a limited exception for contractors and subcontractors who buy materials after January 3rd for incorporation into real property under a contract that was made before January 3rd. In other words, contractors who entered into contracts in 2007 can buy materials for those projects at the 5% sales tax rate even after the 6% rate generally goes into effect. The Comptroller's office has created a certificate that contractors can submit... Read More
HEADLINES ADDED: December 26, 2007
Mastering the Flow
CFO's new Cash Masters Scorecard shows which companies are best at turning sales dollars into cash flow.... Read More
HEADLINES ADDED: December 25, 2007
Best of 2007: Technology
If you wanted to know the implications of XBRL, what people were saying about AS5, why the financial aspects of Second Life should be regulated, or how to make better use of spreadsheets, this was the year for you.... Read More
Best of 2007: Accounting
In a year that saw a huge push toward a single set of global accounting rules and the demise of an auditing standard, corporate financial executives also got a glimpse at the future of financial statements — and it's all about fair value.... Read More
17 Ways to Improve Your Efficiency
Following are 17 suggestions to companies for trimming budgets, saving time, avoiding service calls and improving efficiency during a lean time.... Read More
HEADLINES ADDED: December 18, 2007
Buy, Rent Or Lease?
For many contractors, shopping for construction equipment can transform them into business managers. Do they rent, lease, buy, or borrow? They may know the kind of equipment they want, but after looking at a fleet, they may change their minds because of price, technology, repairs, and the ease in which they can or can't obtain that one piece of equipment they need.... Read More
HEADLINES ADDED: December 16, 2007
Ten Tips For Intelligent Equipment Finance
Most small businesses require equipment in order to operate, from computers to furniture to fleet cars, but simply don't have many funding options. Aside from internally generated cash flow or credit lines, businesses interested in acquiring equipment require other choices for financing their capital spending.... Read More
Winning The Bottom-Line Battle
Equipment acquisition has to be a planned business strategy in today's construction environment. Too many factors can turn the bottom line on a project from black to red. With costs fuel costs bouncing up and down and labor in short supply in many areas of the country it is in your best interest to fit your equipment fleet to your specific project.... Read More
Financing Options for Growing a Small Business
Expanding or growing your small business is exciting, but determining the best way to finance your growth can be challenging. Our financial advisor explains some common financing options for small businesses.... Read More
HEADLINES ADDED: December 04, 2007
Kiewhere? Contractor Seeks To End Financial Disclosure
The Omaha contracting giant says disclosure puts it at competitive disadvantage.... Read More
HEADLINES ADDED: November 29, 2007
IRS Updates Standard Mileage Rates
Effective Jan. 1, 2008, the standard mileage rates for businesses is 50.5 cents per mile. For charitable contributions it is 14 cents per mile, and for medical and moving it is 19 cents per mile.... Read More
HEADLINES ADDED: November 27, 2007
Pipeline = Lifeline
Why does such a critical business tool get so little TLC at some companies?... Read More
HEADLINES ADDED: November 26, 2007
Contractor Accounting 101
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Tax and Legal Ramifications of Selling Your Business
Inevitably, A Taxing Time... Read More
What is Your Closing Ratio?
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HEADLINES ADDED: November 21, 2007
Contractor Accounting: Cash Accounting vs Accrual
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Contractor Accounting: Types of Accounts
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