February 11, 2021 - Scope changes can be either a challenge or an opportunity for construction companies. The difference is in how they account for them โ in fact, addressing scope changes with clients is a key differentiator between...
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.
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 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...
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...
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...
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.
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...
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...
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...
