W-9 Comes Before 1099-NEC The first step to dealing with IRS Form 1099-NEC in your construction business is to collect and manage IRS...

1099-NEC Misclassification Examples When IRS form 1099-NEC is misused. . . bad things can happen. Strippers were employees, not...

Let’s start here. There is   no such thing as a 1099 employee . People who work for your construction business are either employees or...

Always Be Reconciling   Reconciling Accounts in Construction The bottom line, low-down, simple purpose of reconciling construction...

What Does Labor Burden Have to Do with Cash Management? The quick, simple answer to what labor burden has to do with cash management is...

Understanding your construction company’s cash flow is crucial to making sound business decisions. For example, when you know your...

What Knowify Is Knowify is an end-to-end construction project management software for subcontractors.    What Knowify Does Provides...

Have you ever ordered too many or too few supplies for a project or over or underbid a job? Have you ever failed to account for...

Communication and documentation are crucial in the construction industry. Multiple individuals and organizations are involved, and the...

There are two sides to the accounting coin used by profitable construction contractors: Past and Future. Accounting for the Past...

So, what is a sleek construction business? It is refined, polished, streamlined, smooth, visually appealing, functional, sustainable, and...

Wouldn’t you know it? Digitizing your construction business requires investment. Your company must invest cash to acquire the current...

What’s the most useful tool in your toolbox? No, it’s not a measuring tape, although measuring tapes are useful. What’s more useful is...

Although it is only three words long, the name of our construction-centric accounting firm, The Profit Constructors, says a lot. We make...

The summer between my freshman and sophomore years in high school, I was given one of my most fun babysitting jobs. A professor at the...

Budgeting, monitoring expenses, and protecting cash are three powerful functions that allow you to manage your construction business’s...

Just as the owners of construction businesses must, on occasion, step back and answer the question of why they bother, we, too, must...

Why do some people (both construction clients and contractors) assume that calculating costs + contingencies + overhead + profit is...

When we learned that today is International Jugglers Day, we knew it was time to introduce you to our Operations Coordinator, Jennifer...

I watched the reaction in his eyes and face when I told my friend that one of the criteria our team uses when determining whether we will...