By MarksNelson on June 4, 2018You’re probably familiar with the term “crunch the numbers.” Well, in a tumultuous industry like construction, it’s all too easy to let crisp, timely financials go soggy with outdated data and flat-out mistakes. Here are six common accounting mistakes to avoid.
By MarksNelson on February 6, 2018Construction companies are already feeling the impact from the new federal tax law.
By MarksNelson on January 9, 2017Two things that most construction companies already know, especially those who operate on both sides of a state line: sales and use tax rules vary from state to state; and there’s an exception to almost every rule. With those caveats in mind, here are six general things every construction company should know about sales and use tax.
By MarksNelson on August 11, 2016Drone use is taking off in the construction industry and showing no signs of slowing down. Recently, the unmanned air vehicles (“UAVs”) cleared a big hurdle as the Federal Aviation Administration issued the first set of regulations for commercial use. The move will allow companies to fly drones weighing less than 55 pounds without applying for FAA exemption.
By MarksNelson on June 9, 2016Kansas City may once have been known as a cow town, but economic development is putting the city on the map. With projects totaling in the billions, the boom is creating a big buzz and a ripple effect within the construction industry.
By MarksNelson on February 16, 2016General contractors can no longer afford to just award subcontracts to the lowest bidder. In today’s challenging economy, some subcontractors bid on jobs that are outside their comfort zones in terms of skills, capacity or financial resources.
By MarksNelson on November 2, 2015A Kansas City company is quickly becoming one of the most active Real Estate Developers in the region. Over the last three years, NorthPoint has built over $1 billion in capital and currently has key projects in at least 10 states. Recently, I led a discussion panel with CEO Nathaniel Hagedorn and COO Chad Meyer, on NorthPoint’s hyper-growth, and the guiding principles behind the company’s success. From their message, five key points stood out that any entrepreneur, from recent college graduates to CEOs, can implement to boost profits.
By MarksNelson on December 22, 2014Modern Builder, CLC KC Travels to San Antonio for the Latest Leadership Development Conference, December 2014. As president of the CLC Kansas City Chapter, Angie McElhaney attends Leadership Development Conference in San Antonio.
By Beth Van Leeuwen on September 23, 2013As with all new legislation, it is important to understand the impact not only on the construction industry but on your organization. In an effort to simplify the lengthy and complex new regulations, we have compiled the following summary that will give you insight to items that will affect both your construction company and the owners and developers that you […]
New Financial Reporting Framework for Small and Medium-Sized Entities Released by the American Institute of CPAs (AICPA)By MarksNelson on July 19, 2013The Builders’ Association e-News, New Financial Reporting Framework for Small and Medium-Sized Entities Released by the American Institute of CPAs (AICPA), July 19, 2013. This month, the American Institute of CPAs (AICPA) issued the special-purpose financial reporting framework for small and medium sized entities. The Financial Reporting Framework (FRF) is intended to provide Small- and Medium-Sized Entities (SMEs) reprieve from what some view as overly complex and burdensome U.S. GAAP accounting rules.
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