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Long-Term Contract Accounting

Construction Industry

The construction industry differs from other industries such as manufacturing because contracting has certain distinct traits from an accounting perspective. […]

R&D Credits for the Construction Industry

Construction Industry, Tax Planning & Compliance

When most people think of the term “research and development,” they picture lab coats, but far more activities are eligible […]

Accounting for Contractors: Cash or Accrual Method

Construction Industry

For most contractors, the decision to use the cash or accrual method is not a simple decision, but it’s one […]

Contracts Present a Challenge When Adopting the New Revenue Recognition Standard

Accounting & Auditing, Construction Industry

Revenue recognition is a complex accounting area that companies cannot afford to get wrong. The new revenue recognition standard, ASU […]

Developments in Indirect Cost Rate Audits for Architectural and Engineering (A/E) Firms

Accounting & Auditing, Construction Industry

In early October 2016, I had the opportunity to travel to Chicago, Illinois to interact with some of the authorities […]

FAR Audits – Update for Engineering Firms

Construction Industry

Brown Schultz Sheridan & Fritz (BSSF) performs Federal Acquisition Regulation (FAR) audits for engineering firms doing business with various state […]