Posts by Kent Beachy, CPA, CIT, CCIFP, Director of Construction Services:
Usually when you hear the words “accounting method,” you think of generally accepted accounting principles (GAAP). However, you should not overlook the impact that accounting methods have in the tax world, especially for construction contractors. Read the rest of this entry “
The Economic Recovery has hit the Construction Industry.
While every industry has suffered during the Great Recession, the construction trade has been particularly hard hit. As tight government budgets were hampering major infrastructure projects, the foreclosure crisis was impacting new home construction – talk about a double whammy!
But, there’s good news for the construction industry: home prices and construction are beginning to turn around! Read the rest of this entry “
The Sarbanes-Oxley Act, (or SOX), set new or enhanced federal accounting standards for public companies as a reaction to a number of corporate and accounting scandals that cost investors billions of dollars. Passed into law in 2002, SOX appears to be having a trickle-down effect on construction companies and their publicly-held company clients. Read the rest of this entry “