Financials

Wallet squeezed in a C-clamp

Photo: Pixabay.com

Some economists suggest the U.S. is overdue for a downturn. Here are key steps to take to prepare your company in case they’re right.  

Financials

Betting on the success of an app for contractors that lets homeowners qualify for loans

Financials

Why it's so hard for remodelers to talk about money, and tips for getting over it 

Check marked non-sufficient funds
Financials

You finished that replacement job two weeks ago and collected the final check. Today a letter from the bank arrives.

Empty pockets—client won't pay. Photo: Pixabay

Photo: Pixabay

Financials

Once burned by a nonpaying client, contractors will find ways to make sure the experience isn't repeated

What to keep in mind as you prepare to file taxes for your remodeling business

Photo: Pixabay

Financials

Dos and don’ts in preparing a tax filing for your company

By having cash reserves, you can offset unpredictable business setbacks
Financials

Having cash reserves can offset unpredictable business setbacks or fund future growth

 

Create a system to ensure and build your profit
Financials

If you run your business with profit as an afterthought, it's time to make a change. 

Business

For longer projects, percent-complete accounting is the best way to track revenue and gross profit

Business

Protect gross profit by regularly comparing estimated to actual costs, line by line

Unpaid invoices and IOU in piggy bank
Financials

The best way to manage unpaid invoices is not to incur them to begin with. But that's far easier said than done.

Finance: The Contractor’s Formula to Success for Good Times and Bad
Financials

Overhead cost increases during economic growth spurts should be treated as temporary

How to grow remodeling business past 1 million dollars

Flickr/Ken Teegardin

Business

Planning your business’s growth is like planning for a remodeling project

The Leading Indicator of Remodeling Activity indicates slowing growth in 2015

Courtesy of the Joint Center for Housing Studies

Financials

Analysts attribute the projected deflation to weakening home sales last year.

Photo: morgueFILE

Business

There’s still time to squeeze in some tax perks for your business before 2015 hits.

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