Our Blog
Explore practical advice, financial strategies, and industry insights to help your business grow smarter, operate stronger, and prepare for what’s next.
- 2026
- Accountability
- Accounting Principles
- Acquisitions
- AI
- Analysis
- Announcements
- audit
- audits
- Benchmarking
- Benefits
- Best Practices
- BOI Reporting Obligations
- Brand
- branding
- Budget forecasting
- Budgets
- business
- Business Owners
- Business Setups
- Business Tips
- Capitalization
- Cash Flow
- CFO
- Change
- Compensation
- Compliance
- Construction
- Contingency Planning
- Contribution Margin
- Corporate Structures
- Cost Segregation
- covid-19
- Culture
- Cyber
- Cybersecurity
- Data breach
- Economic Uncertainty
- Employees
- EOS
- Exit Planning
- Expansion
- Family
- Family Business
- Finance
- Financial Ratios
- Financial Reporting
- FinCEN
- Forecasting
- Fraud
- Fundraising
- GAAP
- Goals
- Growth
- Hiring
- HR
- Insurance
- Internal Controls
- Inventory
- Job Costing
- KPIs
- Leadership
- Legal Considerations
- Legislation
- Liquidity
- M&A
- Management
- managers
- Manufacturing
- Margins
- Market Research
- Marketing
- meetings
- Mergers
- Metrics
- Month-end
- Nonprofit
- OKRs
- Outsourcing
- Payroll
- planning
- Prevention
- Pricing
- Private Equity
- pro tip
- process
- Product Offering
- Professional Services
- Profitability
- Rates
- Records
- remote work
- Reporting
- Reputation
- Resiliency
- Restaurants
- Retirement Planning
- Revenue Recognition
- risk management
- Sales Tax
- Scaling
- Scam Alert
- Scenario Forecasting
- Security
- Segmental Analysis
- Small Business
- Staffing
- strategic planning
- Strategy
- Succession Planning
- Supply Chain
- tariffs
- Tax
- Tech
- Tips
- Top Benefits
- Valuation
- Value
- Value Creation
- Workflows
- workplaces
- zoom
Construction Companies: Recognizing Revenue Under ASC 606
Recently, construction companies industrywide made a change in how they calculated revenue. Before ASC 606, Revenue from Contracts with Customers, was adopted, different industries used different methods for reporting income even when they were accounting for similar transactions.
AI and Manufacturing: The Future Is Now
All manufacturers should be aware of this statistic: Artificial intelligence (AI) in the manufacturing industry is expected to reach $11.7 billion by 2025, growing at a compound annual growth rate of 54.6% from $2.6 billion in 2021. Among manufacturing leaders, 34% report investing in AI to bolster their bottom lines. These eye-opening statistics indicate that even small manufacturers can benefit from implementing AI in their businesses.
Don’t Let Undercapitalization Affect Your Construction Company
Even without knowing its exact definition, you can just tell from the way the word sounds that undercapitalization is not good for your business. Undercapitalization occurs when a business holds insufficient funding — or capital — to support its operations. It is cause for serious concern about a potential major financial crisis for any business, but among contractors it is considered by many financial experts to be the leading cause of business failures.
The Secure 2.0 Act and Form W-2
The Secure 2.0 Act allows for features in employer retirement plans to encourage their use. The changes are designed to encourage employees to contribute to 401(k) or 403(b) plans, allowing you to offer small financial incentives to employees.
Pro Tip
Driving blindfolded is scary, right? So is operating your business without a financial forecast! Taking the time to use a data driven approach to plan out your future growth trajectory is worth its weight in gold. We see the advantages of this process every day, including empowering informed decision-making, a better understanding of the needed liquidity for planned growth and a focus on using assets in the most efficient way.
Is This Your Situation: Confused About How Cost Segregation
Cost segregation is the Internal Revenue Service’s (IRS) approved method of reclassifying your commercial building from real property to personal property and, in the process, allowing assets to be depreciated on a short-term schedule, instead of the traditional long-term depreciation schedule of real property. Imagine how this could affect your manufacturing business.
Book a 30-minute Virtual Appointment
CONTACT US
SUBSCRIBE
Sign up to hear from us about news and events.