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The Impact of ASC 842 – The New Lease Standard Is Here

Construction Business Owner

Going forward there will be a long-term asset offset by a current liability and a long-term liability. While both operating and finance leases will be recorded on the balance sheet, expense recognition is different. Finance leases will require the lessee to recognize interest expense and amortization expense. Main Image.

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What Are the Things Every Construction and Tradie Business Needs To Succeed?

Construction Marketing

That’s why it is necessary to have the right resources and tools at your disposal. High-Quality Resources It’s essential to have the right resources at your disposal when starting a construction business. So take a closer look for more information on the things every construction business must have to be successful.

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Types of Capital for Construction Businesses

Levelset

Joshua Leyenhorst, a CPA at BasePoint who has worked with many construction companies, defines capital like this: “Capital is all of the financial resources available to start or maintain a construction company, including working capital, debt capital, and equity capital.” 3 types of capital for construction.

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Construction Excluded From New OSHA Standard

Pro Builder

During the first quarter of 2021, the value of real estate assets increased faster than real estate liabilities. On the liabilities side of the real estate balance sheet, home mortgages rose by $120 billion during the first three months of 2021 to $11.04 Coronavirus Resources and Information. For more, visit nahb.org. .

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The Startup Construction Business Checklist: 3 Important Documents You Need to Have

Construction Marketing

A construction business needs need public liability insurance , and employers’ liability insurance if you employ staff. Although public liability insurance is not a legal requirement, it should be regarded as essential. There are a wide variety of resources that people can use in order to get help with starting their business.

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Now is the Time to Revise your Green Building Contracts

Green Building Law Update

And that litigation predated the increased liability associated with materials including the new largely untested EPDs and HPDs. Additionally, more lenders, including in green bond financings, are requiring opinions of counsel as part of closing due diligence both in green construction financing and permanent loans.

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PSMJ Resources Blog: Collecting Effective Client Feedback

PSMJ Resources

Increasing a firm’s value to their clients improves client loyalty, referrals, profitability, marketing, staff performance and retention, and reduces liability. PSMJ Resources, Inc. Subscribe To PSMJ Resources, Inc. Importance of Human Resources. Corporate Finance Associates blog. About PSMJ Resources.