Insights: Construction

Getting wise to the rise of “smart” buildings

February 7, 2019

Nowadays, data drives everything — including the very buildings in which companies operate. If your business is considering upgrading its current facility, or moving to or constructing a new one, it’s important to be aware of “smart” buildings. A smart building is one equipped with a variety of sensors that gather and track information about…

Read More

New Lease Standard – How It Affects Construction Contractors

January 28, 2019

Chris Lambert, CPA, CGMA, CCIFP Does your company lease any of its vehicles or equipment? If so, and you follow U.S Generally Accepted Accounting Principles (GAAP) to prepare your financial statements, some important changes are about to go into effect. In February 2016, the Financial Accounting Standards Board (FASB) issued its long-awaited update revising the…

Read More
12_17_18_886487396_sbtb_560x292.jpg

6 last-minute tax moves for your business

December 18, 2018

Tax planning is a year-round activity, but there are still some year-end strategies you can use to lower your 2018 tax bill. Here are six last-minute tax moves business owners should consider: Postpone invoices. If your business uses the cash method of accounting, and it would benefit from deferring income to next year, wait until…

Read More
10_01_18_850817992_sbtb_560x292.jpg

Preparing to Implement the New Revenue Recognition Standard?

November 29, 2018

By: Chris Lambert, CPA, CGMA, CCIFP and  Danny R. Shobe, CPA, CCIFP In our last article we addressed the new Revenue Recognition standard effective for reporting periods beginning after December 15, 2017 for public companies and reporting periods beginning after December 15, 2018 for private companies. We discussed the 5-step process for implementing the new…

Read More
dreamstime_xs_23949551.jpg

Implementation of the New Revenue Recognition Standard

October 24, 2018

Author: Chris Lamber, CPA, CGMA, CCIFP and  Danny R. Shobe, CPA, CCIFP In May 2014, the FASB issued Accounting Standards Update (ASU) 2014-09 known as the “New Revenue Recognition Standard”, with the purpose of making revenue recognition more comparable and consistent between industries and entities by recognizing revenues in a manner that reflects when goods…

Read More
dreamstime_m_5200849.jpg

Construction Tax Reform Overview

July 31, 2018

By: Chris Lambert, CPA, CGMA, CCIFP, Bruce Lawson, CPA, PFS, and Danny Shobe, CPA, CGMA, CCIFP The recently enacted Tax Cuts and Jobs Act (TCJA) has altered the tax landscape for many businesses. The changes are extensive, and this letter provides a high-level overview of some of the highlights to keep you informed. Due to…

Read More

SUBSCRIBE TO OUR NEWSLETTER

Receive timely news and updates from our newsletter.