March 1, 2018
Cash flow is the lifeblood of any business. And it’s especially vital for general contracting businesses that require financial flexibility for purchasing materials, meeting payroll and paying subcontractors. Also consider that GCs must have cash liquidity in order to receive financing from creditors.
If you find that your business is consistently tight on cash flow, consider these tips to help you improve the situation:
These are just a few ways to improve cash flow in your general contracting business. Our advisors can help you gain valuable insight into your business and identify other ways to ease the cash flow crunch. Contact our firm today for professional assistance.
The combination of running a business and your life and preparing for tax time can drive some people into a slight panic. But no need to get stressed if you are prepared. Now is the time to start organizing all documents required to file your tax return.
Like the old paraphrased saying goes: In this world, two things are certain—death and taxes. The recent federal tax overhaul changed a lot of rules, so it’s as important as ever to understand your tax obligations, including those on Social Security benefits.
Meet Summersgill CPA Founder, Shannon Summersgill, CPA! Learn how her career evolved into running her own firm, what she attributes her success to, her favorite travel destination, and much more!