Construction accounting is unique and complex. Each of your projects serves as an individual profit center with its own revenue, expenses and payroll. This means contractors shouldn’t use an off-the-shelf system. When looking to upgrade, focus on industry-specific features such as: Job-cost tracking. Contractors need to track expenses according to projects, cost codes, classes, and […]
WW&D ranked as a 2018 Best of the Best CPA Firm by INSIDE Public Accounting
Wheeler Wolfenden and Dwares, CPAs (WW&D) has been named to the INSIDE Public Accounting (IPA) 2018 Best of the Best CPA Firms list. This prestigious recognition ranks WW&D in the top 10% of the 550 firms that participated in this year’s IPA Survey and Analysis of Firms. WW&D was honored for its performance on more than […]
Employee retention: Keep them if you’ve got them
In April, the U.S. unemployment rate fell to 3.9%, its lowest point since December 2000. That’s great for the economy — but not so great for organizations struggling to remain fully staffed. Unfortunately, many nonprofits are in this position. They can’t afford to pay employees as much as their for-profit counterparts and, thus, have a […]
Project management solutions may lie in the cloud
A good project manager knows communication is key to delivering a job on time and within budget. When team members can’t easily obtain project data, the result is often wasted time as they track down that information or, worse, duplicate efforts. Meanwhile, profit-eating costs mount and schedule overruns can occur. Many top-level construction companies are […]
Educating donors about what they can — and can’t — deduct
Education may not officially be part of your nonprofit’s mission. But while working with donors, you’ve probably noticed that many are confused about the federal tax deductibility of their contributions. To help prevent unwelcome surprises when donors file their returns, inform them about the tax benefits of different types of donations. Cash, ordinary income and […]
Take a keen interest in your company’s insurance protection
Not many people wake up in the morning wanting to talk about insurance. But it’s important for contractors to take a keen and ongoing interest in their company’s coverage. It needs to meet not only the bid requirements of every project you take on, but also the wider needs of your construction business as it […]
How to secure lasting corporate support
According to Giving USA, businesses donated $20.77 billion to charity in 2017. Even if your organization already benefits from this largesse, you’d probably like to increase the amount you receive from companies and find additional ways to partner with the for-profit sector. Increasing corporate commitment is similar to establishing relationships with individual donors, but there […]
Learn the ABCs of activity-based costing
Your latest project might be running on budget, but how can you determine whether your work in progress is really boosting profits or hurting the bottom line? Or, if a job is exceeding forecasted costs, how do you break it down to identify the problem? Many construction companies have addressed such issues by measuring the […]
Stop employee credit card abuse before it starts
A nonprofit staffer charged legitimate travel-related expenses to her employer’s credit card. Although she intended to file an expense report, her employer never asked for it — nor did the employer question her when it received the card statement. The employee was recently divorced and under unusual financial pressure, so when she couldn’t pay for […]
Jodi Bouchard, CPA is a delegate to CPAmerica International’s 2018 Next Generation Conference
Jodi Bouchard, CPA, supervisor with Wheeler Wolfenden and Dwares, CPAs (WW&D), was a delegate to CPAmerica International’s 2018 Next Generation Conference held in Denver on May 16-18, 2018. Proudly returning in its fifth year, the progressively designed Next Generation Conference continues with two tracks for new participants (Intro Track) and returning attendees (Advanced Track) intended […]