LUTZ CONSTRUCTION ACCOUNTING BLOG
2020 + A YEAR OF CHANGE AND UNCERTAINTY FOR CONTRACTORS
For many obvious reasons, 2020 has been one for the history books. The current, ongoing, and future impact of the year’s events are at the forefront of everyday conversation, from the global pandemic…
WIP Schedule 101
All businesses need accurate financial data to help understand how it is performing and, more importantly, to assist in planning for the future. The construction industry is no different, and one of the most important inputs to financial…
Construction Month-End Close Checklist
Many say humans are “creatures of habit” and prefer routines, especially accountants. Those habits and routines may exist in our personal lives, professional lives, or both. As a business owner, establishing sound habits and routines…
Direct vs. Indirect Costs in the Construction Industry
A new project manager at your construction company is consistently seeing margins deteriorate at the end of their construction projects. The key question when confronting this situation is to determine if project…
10.3.2018 | Financial Statements in the Construction Industry | Recording
This presentation, led by Ryan Cook and Shawn Wederquist, discusses the basics of Construction Financial Statements. You will gain an understanding of financial statements…
Paving the Way to Surety Bonds for Construction Projects
Surety bonds are commonly needed by construction companies. Often confused with insurance, these bonds work more like a form a credit—a guarantee that the construction company will carry out a contract within all applicable laws…
Construction Contractors Can Benefit From Tax Reform Changes to Long-Term Contracts Exception
The 2017 Tax Cuts and Jobs Act is the most comprehensive reform to the U.S. tax code in more than 30 years. As taxpayers sort out the changes, construction company contractors should take notice…
Strengthening the Contractor-Surety Relationship
If you are a contractor seeking a long-lasting relationship with a surety, it helps to first understand how that surety views certain factors related to you and your ability to perform and complete jobs…
What Are Surety Bonds, and When Might You Need One
Surety bonds are used in the real estate and construction industries to ensure the completion of a contract in the event of a contractor default. If you as a contractor are bidding on work, there is a possibility that contract requires a surety bond…
SIGN UP FOR OUR NEWSLETTERS!
We tap into the vast knowledge and experience within our organization to provide you with monthly content on topics and ideas that drive and challenge your company every day.
About Us | Our Team | Events | Careers | Locations