Month: May 2015

Age Discrimination – Small Business Impact

Age Discrimination

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 opportunity for citizens age 40 and older. The Act does generally exclude small businesses and this article is written to guide the small business owner, specifically the human resources manager in regards to the impact the Act has on your small business operation.

Markup Percentage for Remodelers

Markup Percentage

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 remodeler, you need to understand the impact of these issues and how to properly markup your job to cover all your indirect and overhead costs.

Phase Codes and Cost Codes with QuickBooks and Construction Accounting

Phase Codes

The whole goal of financial reports is to gain an understanding of financial performance and identify the key issues for changes to make improvements. In accounting we referred to this as a continuous feedback loop method of financial improvement. Insert data, report the data, discover opportunities for improvement; make changes and insert data and begin the whole process all over again. If you are even mildly alert to what is going on, you should easily identify opportunities and make financial improvements and ultimately maximize profitability for your business. It is not going to happen overnight but it will dramatically improve your bottom line within 2 years.

But all of this starts with the estimate for the project.

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