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Category: Contractor Chronicles

Prepare your construction business for the next economic downturn

The effects of the COVID-19 pandemic have been unprecedented and far-reaching. Nearly every industry across the world has been impacted in some ways forcing market slowdowns and, in some cases, complete business closures. It’s an unprecedented economic crisis – more challenging than even 2008 in some ways – and the effects have been far felt […]

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Nine financial KPIs construction firms should be tracking

Most industries came to a halt last year when the pandemic shut down businesses around the world. When manufacturers adjusted operations, taking necessary precautions to protect employees, it created a ripple effect of shortages in other areas, including lumbar, tile, and other supplies used to build houses. Amidst all the uncertainty, it may seem easier […]

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Tax considerations for contractors for the 2020-2021 tax season

The 2020-2021 tax season is unprecedented for many reasons, and it’s forcing many business owners to take a closer look at their tax situation with their CPAs to ensure all available opportunities are optimized. Much is still up-in-the-air when it comes to presidential tax plans, future pandemic relief, and fluctuating economic strain, but construction companies […]

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