Recent Articles

May 2015

Age Discrimination – Small Business Impact

05/27/2015

The Age Discrimination in Employment Act of 1967 (ADEA) is a federal law that protects workers age 40 and older.  It is administered and enforced by the Equal Employment Opportunity Commission (EEOC).  The goal of the Act is to provide equal [...]

Up Time – Business Concept

05/21/2015

Up Time in business refers to maximizing opportunity to generate profit.  There is one key modifier.  If the marginal costs to generate revenue exceeds the revenue generated, the business is no longer maximizing profit. This article will explain [...]

Markup Percentage for Remodelers

05/20/2015

In the construction industry, remodelers face a different set of criteria than your traditional new home builder.  Because of these issues the markup percentage on costs is generally much higher than other forms of construction.  If you are a [...]

Construction Accounting Terminology

05/15/2015

In construction accounting accountants and bookkeepers use certain terms and there are distinct meanings associated with these terms.  This article is designed to introduce beginner accountants and contractors to these terms from the perspective of [...]

Mobile Food Vending – Profitability and Issues

05/14/2015

Many of you are wondering if you can make a good living as a mobile food vendor.  If there is profit, how much?  Are there any issues in this industry that will persuade me from becoming a mobile food vendor?  This article is going to answer [...]

SS-4 IRS Application for an Employer Identification Number

05/09/2015

An employer identification number (EIN) is the business equivalent of a Social Security number.  A unique identifier is assigned to the business for use in communicating and complying with the Internal Revenue Service.  Just like a Social Security [...]

Margins in Construction

05/06/2015

I’ve been asked to identify the average margins in the construction industry.  Honestly, there is no such thing.   I tried and after several hours of research I couldn’t even get one of the types of contractors to have consistency in their [...]

Branching Out in Construction

05/05/2015

When you own a small construction company many people depend on you.  There is your family, employees and subcontractors.  A typical $2,000,000 per year operation will have upwards of 20 people dependent on the contractor for their livelihood.  [...]