News & Updates

Financial stability and effective banking relationships are crucial for the success of any construction company. Cash flow can be a never-ending issue. For many contractors, their lines of credit allow them to continue to operate through long and delayed cash-flow cycles. Other construction companies simply need a line of credit available for bonding for larger […]

With projected labor shortages of 2.1 million by 2030 and the use of AI (Artificial Intelligence), Industrial Robotics is expected to increase by nearly 14 percent by the end of 2023. But the replacement of manual labor with advanced technologies creates its own demand for workers, including programmers, engineers, and mechanics, as well as traditional […]

In the dynamic and competitive construction industry, financial management plays a pivotal role in companies’ success and sustainability. One crucial tool is a financial budget. Developing and adhering to a comprehensive budget allows construction companies to effectively plan, monitor, and control their financial resources. Financial budgets work in several ways for construction firms: [...]

In accounting terms, internal controls are the process of having a reliable and efficient process to report accurate financial information. However, internal controls are more than that for many businesses, specifically manufacturers. They are an integral part of their day-to-day accounting and operational processes to become more efficient in all aspects of their business. Implementing […]

Is donor information disclosure required? It’s important to know if your organization might need to disclose donor information. Some organizations are required to file a Schedule B with their Form 990, 990 EZ, or 990PF, including: Organizations described under Section 501(c)(3). Some common examples are religious organizations; scientific and literary organizations; public charities; [...]