Category: Construction

New Lease Accounting Standards

New Lease Accounting Standards

A new Accounting Standards Update (ASU) recently issued by the Financial Accounting Standards Board (FASB) will affect many construction industry contractors. The update is intended to improve financial reporting about leasing transactions. The ASU will require...
Turning Trash into Cash

Turning Trash into Cash

Construction sites generate large amounts of waste material. Typically, contractors end up paying to have this construction debris hauled away and dumped. However, by reusing, recycling, or reselling materials you might typically discard, you can add to your company’s...