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Articles by Christine Ulibarri
How construction business owners can prepare for an IRS audit
Home / A-Z Blog / Construction / How construction business owners can prepare for an IRS audit LinkedInFacebookTweetEmail The IRS has historically considered construction a high-risk compliance industry because of its potential for cash transactions, underreported income, and worker misclassification.
How construction companies can cope with the skilled labor shortage
LinkedInFacebookTweetEmail Even before the pandemic and “the Great Resignation” that followed, construction businesses were facing a shortage of skilled workers. Recent events have only exacerbated the problem. And the skilled labor shortage doesn’t just make it harder to put boots on the ground for projects. It also heightens the risk of safety and quality issues. There isn’t one right strategy for solving the dilemma. Construction companies need to get creative.
Intangible assets: How must the costs incurred be capitalized?
Home / A-Z Blog / Tax Bites / Intangible assets: How must the costs incurred be capitalized? LinkedInFacebookTweetEmail These days, most businesses have some intangible assets. The tax treatment of these assets can be complex. What makes intangibles so complicated?
9 cash-flow management tips for construction companies
LinkedInFacebookTweetEmail Construction business owners know that cash is king. However, managing cash flow in an industry known for its ebbs and flows isn’t easy. And when you throw in the steady rise of inflation and ongoing supply chain issues, cash-flow management has become more important than ever. Here are nine tips to consider: 1. Perform regular forecasts.
Manage your construction business ... and your wealth
Home / A-Z Blog / Construction / Manage your construction business … and your wealth LinkedInFacebookTweetEmail Many contractors prioritize business financial management over personal wealth management. It’s an easy trap to fall into given how competitive the construction industry can be. Let’s discuss some ways to manage your wealth while you run your business. Separate the two Owning a construction company and managing personal wealth should be two separate but equal priorities.
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