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...

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

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...

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...

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...

When the team at The Profit Constructors drilled down to what our firm provides for our clients – seeking to encapsulate it in one word –...

You understand that construction risks are potential events or factors that can and sometimes do negatively impact a construction...

Auditing a Few More Things In the first part of this 4-part series concerning auditing expenses in your construction business, I...

Auditing Insurance Policies In the first part of this 4-part series concerning auditing expenses in your construction business, I...

Auditing Employee Expenses In the first part of this 4-part series concerning auditing expenses in your construction business, I...

It’s time to shine the spotlight on a team member at The Profit Constructors! Who Leslie Is Leslie King, our Quality Assurance Manager,...

If you’re not in the accounting field, you may not understand why the accounting professional can boldly hold up his or her hand and...