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- 2026
The Changing Role of the CFO
We have experienced so much business disruption in recent years, and one change that should not be overlooked is the new role of the chief financial officer.
Business success means keeping both customers and employees happy, but recently the priority has shifted to employees.
Budgeting Success for the Construction Industry
When a business doesn’t have a clear idea of its annual budget, it runs the risk of spending more money than it earns that year. You may have been running smoothly for years, and then decide to expand or replace old machinery. There’s money coming in, so it seems you’re fine. But if you don’t have a good handle on expenses versus income, you can quickly find yourself in the red.
Employee Taxes: Your Responsibilities
Employers generally must withhold income tax from employees’ wages. To figure out how much tax to withhold, you need to use the employee’s Form W-4, the appropriate method and the appropriate withholding table described in Publication 15-T, Federal Income Tax Withholding Methods. You’ll deposit your withholdings based on your business and the amount you withhold.
Pro Tip
Compliance seems boring, but being out of compliance in the variety of ways that can happen can create very serious risks for your business. Ensuring that you are in compliance in your business organization and operations can include things like professional licensing, business licensing, insurance, banking, record keeping, financial recording and more.
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.
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