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Cash flow management fundamentals for construction businesses

Cash flow management fundamentals for construction businesses

by justin@creatovision.com | Aug 6, 2024 | Uncategorized

Construction companies have always faced challenges when it comes to cash flow. The difficulty largely springs from the often-lengthy gaps between winning projects, doing the work and receiving payments. As a result, it’s critical for construction business owners and...
7 questions contractors should ask before seeking outside financing

7 questions contractors should ask before seeking outside financing

by justin@creatovision.com | Sep 5, 2023 | Uncategorized

Construction companies can leverage loans, lines of credit and other such products to help ensure positive cash flow, build creditworthiness and fuel business growth. But the options can seem limitless and overwhelming. Here are seven questions to discuss with your...
How construction companies can cope with the skilled labor shortage

How construction companies can cope with the skilled labor shortage

by justin@creatovision.com | Mar 6, 2023 | Uncategorized

Even before the pandemic and “the Great Resignation” that followed, construction businesses were facing a shortage of skilled workers. Recent events have only exacerbated the problem. And the skilled labor shortage doesn’t just make it harder to put boots on the...
Need a new business vehicle? Consider a heavy SUV

Need a new business vehicle? Consider a heavy SUV

by justin@creatovision.com | Apr 1, 2021 | Uncategorized

Are you considering buying or replacing a vehicle that you’ll use in your business? If you choose a heavy sport utility vehicle (SUV), you may be able to benefit from lucrative tax rules for those vehicles. Bonus depreciation  Under current law, 100% first-year bonus...
Small businesses: Cash in on depreciation tax savers

Small businesses: Cash in on depreciation tax savers

by justin@creatovision.com | Dec 7, 2020 | Uncategorized

As we approach the end of the year, it’s a good time to think about whether your business needs to buy business equipment and other depreciable property. If so, you may benefit from the Section 179 depreciation tax deduction for business property. The election...
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