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Current Accounting
The Pros and Cons of Using Retainage in Construction Contracts

In construction contracts, “retainage” is a common term that sometimes feels like an obstacle. Essentially, retainage is the percentage of the payment that gets held back until the job is done right, usually around 5-10%. While it’s meant to ensure the project gets completed on time and to the correct standards, it can also cause […]

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Current Accounting
How to Handle Subcontractor Payments and Reporting

One of the trickiest aspects of managing a construction project is handling subcontractor payments and keeping track of their work. The process can quickly become overwhelming with multiple subcontractors, each with their own payment schedules and reporting requirements. Luckily, there’s a smarter way to manage subcontractor payments and reporting that will save you time, reduce […]

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Current Accounting
Budgeting for Business Growth

Growth is an exciting phase for any business. Whether adding new products, entering new markets, or expanding your team, the potential for increased revenue and success is immense. But with growth comes the need for careful financial planning. Without a well-thought-out budget, expansion can quickly lead to financial strain. In this blog, we’ll share some […]

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Current Accounting
Effective Budgeting Techniques for Growing Businesses

Budgeting is a critical aspect of managing a growing business. A well-planned budget helps ensure financial stability, guides decision-making, and supports strategic goals. In this blog, we’ll explore some effective budgeting techniques to help you make informed business decisions that enable your business to thrive. We’ll also touch on how our dedicated team can be […]

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Current Accounting
Why Financial Statements Are Crucial for Business Decisions

Financial statements are essential tools that give you a clear picture of your business’s financial health. They help you make informed decisions that drive growth and stability. In this blog, our dedicated, certified public accountants will break down vital financial statements and why they matter so much in business and accounting matters. Understanding Key Financial […]