Executive Summary If you’ve been running the accounts receivable and accounts payable out of a brown paper bag and want to go “legit”, here are the first steps. The Background Perhaps you have a successful and operating company – you have for a year or twenty years. But each time […]
Closer to 1.30, not 1.50
Executive Summary A common mistake in estimating is the cost of an overtime manhour. Overtime is generally not one and one-half times the straight time rate. It’s usually closer to 1.30. What’s in a labor rate? A labor rate is a combination of three numbers: the base rate, the tax, […]
Davis-Bacon, OSHA, Jones Act, and Buy American
Executive Summary. A quick background on terms you hear every day in federal construction contracting: Davis-Bacon, OSHA, Jones Act, and Buy American. The terms. Each of the items in the title were introduced by the federal government. Here’s a quick background on each of them. Davis-Bacon Act – Senator James […]
Two for Today: Taxes and Fuel
Download PDF Executive Summary: Do two things today to improve your company: (1) check to make sure you are current on your 940 and 941 taxes and (2) make sure you’re reviewing your fuel bill. Confirm you’re current on your 940 and 941 payments. The federal Form 940 is used […]