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...
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...
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 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...
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...
Well-crafted and legally-binding buy-sell agreements can reduce the risk of unexpected circumstances for construction companies.
Construction is a competitive industry! In today’s business world, contractors aren’t just competing for projects; they’re also competing for a dwindling supply of new management talent and other...
The deduction is allowed for tax years beginning after December 31, 2017 and before January 1, 2026. This pass-through deduction is for sole proprietorships, S corporation, and partnerships; C...
I am Lee Ann Collins, Managing Partner at Lane Gorman Trubitt, and recently I found myself awake instead of peacefully sleeping. The Notre Dame Cathedral in Paris, France was burning, and I...
Over the last six months our Construction Industry team here at Lane Gorman Trubitt has been working on producing an informative video series covering the new revenue recognition guidance and how...