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The Impact of ASC 842 – The New Lease Standard Is Here

Construction Business Owner

The contractor’s focus should be on the impact the lease standard will have on the company, specifically bank and surety considerations, and the specific attributes such as embedded leases, related party leases, consolidation (when there is a variable interest entity), and how to apply the standard to these situations. Accounting & Finance.

Leases 178
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How to Deal with Extended Lead Times and High Material Costs

Levelset

Contractors report that supply chain disruptions impact inventory and their ability to forecast for the future. According to the 2022 Construction Cash Flow & Payment Report , construction businesses reported slow payments contributed to wasted resources (45%), reduced profit (41%), and failure to meet payroll (18%). .

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Types of Capital for Construction Businesses

Levelset

The term capital is used across industries to represent all of a company’s financial assets, including cash, inventory, equipment, and more. “Working capital evaluates the financial resources a company requires to operate the company,” notes Joshua Leyenhorst. 3 types of capital for construction. Debt capital.

Debt 97
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West Virginia Incentives and Workforce Development Guide

Buisness Facilities Contributed Content

Part of the service includes providing aggressive development assistance in the form of tax credits and financing programs. FINANCING & GRANTS. This program insures up to 80% of a bank loan for a maximum loan term of four years. The exemption does not apply to inventories of raw materials or goods in process.

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Spec Home Builders Have Unique Bookkeeping Needs

Contractor Bookkeeping

Spec Home Builders - Need people trained in construction bookkeeping who understand how to put together a bank draw correctly, not someone with experience in regular bookkeeping. Construction Marketing Resources. We know what to do! Five Key Performance Indicator Reports for monitoring your business. Business Processes Management.

Banking 54
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New Hampshire Incentives and Workforce Development Guide

Buisness Facilities Contributed Content

Export-Import Bank; U.S. FINANCING & GRANTS. No Inventory Tax. NH CDFA Tax Credits: The New Hampshire Community Development Finance Authority awards up to $5 million a year in New Hampshire Tax Credits to nonprofit organizations. OIC also works with the U.S. Department of Commerce; U.S. TAX INCENTIVES. No Sales Tax.

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Home Builders Who Need To Keep Track Of Specialty Contractor Costs

Contractor Bookkeeping

Spec Home Builders - Need people trained in construction accounting who understand how to put together a bank draw correctly, not someone with experience in regular bookkeeping. Construction Marketing Resources. We know what to do! Five Key Performance Indicator Reports for monitoring your business. Business Processes Management.