4 Things Your Construction Financial Manager Should Be Doing

The Construction Financial Manager, or CFM, plays a vital role in the success of any construction company. In an industry where competition is high and margins are small, it's critical to monitor, report on, and make decisions around accurate financials.

Wondering if your CFM is contributing to your profitability? Here are 4 things a good CFM should be doing:

10 Things to Know about Trump's Proposed Tax Plan

President Trump recently unveiled the "2017 Tax Reform for Economic Growth and American Jobs", which calls for tax cuts and simplification for both individuals and businesses. Currently, the plan contains broad principles, with specific details to be determined in the coming weeks.

While we wait for the details to be finalized, I've summarized the major changes outlined in the current proposed plan. Here are the top 10 things you should know:

7 Things to Look for in a Part-Time CFO

Many of our clients are turning to CRR for outsourced CFO services, to help them manage their finances and accelerate their growth. Hiring a part-time, or "fractional" Chief Financial Officer (CFO) gives smaller businesses access to a professional with years of experience and an outside perspective, while avoiding the high annual salary that a seasoned, full-time CFO would typically require.

A part-time CFO can help your company focus on they key financial elements that will take your business to the next level. Do you think a part-time CFO could benefit your business? Here are 7 key characteristics to look for during the hiring process:

5 Best Practices for QuickBooks

I help many of our clients manage their bookkeeping using QuickBooks, and I've found that regardless of the business type—recreation, manufacturing, technologycertain best practices apply across the board.

These five best practices are the fundamentals that I believe will keep your bookkeeping environment organized, efficient, and accurate:

Medicare 101

Many of my clients have questions about Medicare. How much will it cost? When should I enroll? What are my options? The process for enrolling in Medicare is surprisingly easy, but there are several options you'll need to consider.

To shed some light on the topic, I've put together Medicare 101: A guide to enrolling in the Medicare plan that is right for you

4 Tips for Selling Your Business

In a recent workshop that CRR hosted, I joined several industry-leading experts to walk our clients through the process of selling their business—from tax, legal, marketing, and financial planning perspectives.

For those of you who weren't able to attend, I've summarized a few of the key discussion points that came up during the workshop.

Software R+D Tax Credits: Are You Eligible?

Did you know that if your company has developed software for internal use, you may be eligible for tax credits? This fall, the IRS finalized a regulation that will allow taxpayers to receive credit for their investment in software research and development.

You might think that you need to develop software for a multi-billion dollar company to claim tax credits, but that's not necessarily the case. If your company is attempting to develop or improve your own software (or have hired someone to do so for you), you're likely to be eligible for tax benefits.

Your Monthly Financial Checklist for 2017

Did you make any resolutions for 2017? Personal? Professional? Financial? We all have good intentions when it comes to setting goals that will help us improve our lives, but staying motivated and on track throughout the year can be challenging.

To help keep you moving toward your goals in 2017, I've created a month-by-month checklist of key financial tasks that will keep your finances in good health all year long.

5 Ways to Minimize Your IRS Penalties

Many people fear the wrath of the IRS, especially during tax season. Penalties for late-filing, late-payment, accuracy related penalties, or estimated tax penalties can make filing your taxes seem like a daunting task. 

Recognizing Phone Scams - 6 Things the IRS Will Never Do

Over the past several months, we have spoken with many individuals who have received threatening phone calls from the "IRS". The caller may demand immediate payment of back taxes, ask for a credit card number over the phone, or even threaten a lawsuit or arrest for failure to comply.

This is a widespread scam that is becoming more prevalent. As we approach tax season, it is more important than ever to be diligent and protect your personal information.  To help you identify scammers, I've put together a list of 6 things the real IRS will never do.