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From the category archives: Accounting

Accounting

New Overtime Rule Raises Salary Cutoff to $35,568

11/13/2019 1:16 PM

Kate Shieldt thumbnailEffective January 1, 2020, a final rule from the US Department of Labor (DOL) amends the Fair Labor Standards Act (FLSA) regulations implementing the minimum wage and overtime exemptions for executive employeesadministrative employeesprofessional employeescomputer employees and outside salespersons as ...

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Improving contractor performance (and profits)

4/17/2019 1:35 PM
Money imageThe most unused tool for most contractors is their accounting system. There are few tools that can help either make more money – or help you to lose it all – than the accounting system. You use it to help improve your company’s performance and cash flow.A 2016 study by Dodger Data and Analytics concluded that high-performing contractors – those who complete 25 percent or more of projects ahead of schedule Read the rest of entry »

Revenue Recognition: Why Should I Care?

12/21/2017 2:58 PM
“Why should I waste my time reading an article about financial statements? Shouldn’t we be putting a shovel in the ground instead to get some work done?”

Your financial statements matter, and you need to understand them. They are the prism through which your surety, financial institution and investors see your company. There is no better time to get that understanding than in the calm before the storm.
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Health Reimbursement Arrangement (HRA) is helping small businesses

8/18/2017 8:08 AM
The 21st Century Cures Act allows small employers to offer tax-free health benefits to their employees through a Health Reimbursement Arrangement (HRA). Under the new law, your business can reimburse employees for out-of-pocket health costs and insurance premiums and take those payouts as business deductions ...
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Associated Builders and Contractors of Wisconsin
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