Redpath Insights

What to Look For When Choosing a Construction Lender

November 5, 2020 - Your relationship with your bank is one of the most important professional connections you can develop as a business owner. But that relationship is about more than their ability to secure funding.

3 Questions to Find the Right Finance Leader for Your Construction Business

Hiring a new finance leader for your construction firm can be a challenge. Even the definition of an ideal candidate can be confusing. Ryan Everhart, CPA, Audit Partner and Client Manager at Redpath, breaks it down into two main questions: "Do...

Construction Project Managers: How Are They Affecting Your Bottom Line?

Construction business owners know there are countless ways a project can go wrong. Each person on your team is entrusted with a set of responsibilities essential to the company's success โ€“ particularly project managers. But what if you think a...

What the ASC 842 Lease Accounting Standard Means for Your Construction Balance Sheet

ASC 842 is a recent change to leasing standards that, among other things, requires companies to include leases longer than 12 months on their balance sheets. The ramifications of the new standard make it crucial for construction companies to get...

Construction Companies Might Be Eligible for an R&D Tax Credit and Not Even Know It

What do you think of when you hear the term "R&D"? If you picture CAD drawings and beakers bubbling, you're not alone โ€“ but research and development means a lot more types of work than you may imagine. In fact, your construction company might be...

6 Questions to Ask When Interviewing a New Construction Accounting Firm

August 18, 2020 - Whether you're growing, restructuring, cleaning house, or just want to know your options, one of the most valuable things you can do when looking for a new construction CPA is to be curious. 

How Can the Recession Impact Your ESOP Strategy?

August 13, 2020 - When you're ready to exit your business, you have many options for how to go about planning what will happen when (and after) your exit. Employee stock ownership plans (ESOPs) are one of them โ€“ but how do you know what's right...

How Construction Companies Can Retain Top Talent When Revenue Drops

August 11, 2020 - When new work dries up and your construction company begins backlogged work, the future of your workforce can seem uncertain. How do you keep your best team members through tough times in a market where their next pay increase...

Should You Lease or Buy Construction Equipment in a Recession?

July 28, 2020 - As the economy fluctuates in response to the COVID-19 pandemic, construction companies are weighing everyday transactions with a new scale. The decision of whether to lease or buy construction equipment has always been a decision...

North Dakota Covid-19 Improvements Grant

July 17, 2020 - There is a new incentive for businesses licensed with the North Dakota Secretary of State, and the first round of applications opens July 31, 2020. This program applies to certain businesses that incur costs to help reduce the...