Business Insights
Continuous Improvement
A renewed international movement is gaining traction in the business community. Continuous or Business Improvement (BI) as it is known is once again gaining popularity.
Cash Flow Management
The number one problem for businesses in a tough economy is cash flow. A key to addressing this problem is undertanding how cash flow works, and then taking steps to improve it.
Benefiting from Tax Credits
Tax credits are something every individual and business hope for as they prepare annual tax returns. With the myriad of credits and the accompanying requirements, here is information to help you decipher the credits as you look to the year ahead.
Construction Profit Builder
2011 Tax Planning for Contractors
Whatever contractors do in the coming year will have a big effect on their 2011 tax bill, particularly in light of tax law changes that were passed last year. Read more to find out how these changes affect bonus depreciation, the Section 179 expensing deduction, and which of these options might provide a bigger benefit for your situation. Also read about other changes.
Benchmarking to Help Determine Where You Stand
To get and stay ahead, contractors must continually focus on getting better. One way to do so is to regularly undertake the process of benchmarking their company's performance against either its previous results or those of other contractors who provide comparable services. This article examines the differences between internal and external benchmarking and how to choose the specific benchmarks that have the most effect on the company. It's then a matter of assembling the right data to be measured.
Keeping Debt in Check
Construction businesses are particularly sensitive to cash flow fluctuations, so giving up too much flexibility to debt could really hurt. This article explains how contractors need to prioritize debt, paying particular attention to their debt-to-equity ratio.
