Contractors who build a culture of excellence

Construction companies who value employees as their most important asset are set to be successful during good and bad economic times. It is no secret that there is a significant labor shortage problem in the construction industry that is influencing project performance and profits. While construction workers seem to be the main beneficiaries of being …

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Revenue recognition: costs of obtaining contracts

By now most of us are experiencing information overload on the new revenue recognition standard and are contemplating to jump ship before the standard comes into effect. The Accounting Standard Codification introduces Topic 606 (too close to triple-six if you ask me), Revenue from Contracts with Customers, and it is effective to all nonpublic companies …

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Revised Arizona Form 5005

There have been a lot of sales tax updates for Arizona businesses in the construction/contracting industries. The modified Contractor’s Certificate (Form 5005) is yet another item you need to consider. Arizona Form 5005 is a certificate that provides subcontractors with the validation required for tax exemption of a particular project, for a period of time, …

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