New construction company? Ask these five questions first.
Posted by Justin Lewis, Supervisor, Assurance Services on Oct 20, 2021
LGT's Profit Sense
Benefits of ESOP Options for Architecture, Engineering and Construction Companies
Posted by Aden Pham, CPA, on Aug 11, 2021
Planning an exit strategy from your successful architecture, engineering, or construction (AEC) company can be difficult at times. Though options abound, one that many companies fail to consider...
Construction Companies: Five Goals to Set Your Company Up for Successful Growth
Posted by Kyle Pacheco, CPA, CCIFP, Principal, Assurance Services on Jul 9, 2021
The chaos of the COVID-19 pandemic has caused a lot of uncertainty in the construction industry, but having goals for your business makes it much easier to move forward, even during difficult...
3 Causes of Delayed Construction and Real Estate Economic Recovery and How to Protect Your Business
Posted by Ebonee Washington, Staff II, Tax Services on Jun 14, 2021
Despite the huge national infrastructure bill coming up, construction and new-construction real estate industries have been slower to respond to the expected turnaround. In addition to COVID-19,...
How Construction Companies Can Benefit From the R&D Tax Credit
Posted by Jules Meineke, CPA, Manager, Accounting & Consulting Services on May 12, 2021
Construction business owners are often looking for ways to save money. Many small business owners are aware that there are tax policies that can provide their companies with substantial...
Digital construction technology and the pandemic
Posted by Ebonee Washington, Staff II, Tax Services on Feb 8, 2021
Construction companies may be on the brink of a digital revolution, thanks in part to the coronavirus pandemic. The construction industry has been slower than other industries to adopt digital...
Preventing Cyberattacks in the Construction Industry
Posted by Ebonee Washington, Staff II, Tax Services on Aug 7, 2020
Cybersecurity is a major issue that many companies face. As we integrate more technology into our business, our business becomes more susceptible to hacks and other corruption. The construction...
Financial ratios and KPIs for your construction company
Posted by Kyle Pacheco, CPA, CCIFP, Principal, Assurance Services on Oct 24, 2019
Financial statements are an essential part of understanding the operating results for every contractor. Between the balance sheet, income statement, and statement of cash flows, financial...
New rules on the way for leases and contractors
Posted by Elliott Nolan, CPA, Supervisor, Assurance Services on Oct 1, 2019
In February 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update 2016-02, Leases (Topic 842), which made significant changes to lease accounting. These new...
The Importance of Buy-Sell Agreements
Posted by LGT Staff on Jul 30, 2019
Well-crafted and legally-binding buy-sell agreements can reduce the risk of unexpected circumstances for construction companies.