April 2022
How to Apply New Revenue Recognition Rules to Uninstalled Materials and Equipment

With the substantial economic and supply chain challenges faced by the construction industry, many contractors are purchasing equipment and materials earlier in the contract life cycle or placing bulk orders. While this is advantageous for companies, it is important to be aware of how to financially account for these upfront purchases under the new revenue recognition rules. In this article, I will review the guidance of the new revenue recognition standards and further explain how to account for uninstalled materials.

Assessing Whether a Public Infrastructure Project Is Right for You  
Given all that’s going on in the nation and the world, the federal infrastructure bill, passed toward the end of last year, might seem to have gotten lost in the shuffle. But, indeed, the Infrastructure Investment and Jobs Act was signed into law on November 15, 2021, and it represents a veritable mountain of opportunities for construction companies in the months and years ahead. In this article, we will present some essentials for sizing up a public infrastructure project.
Reducing Your Construction Company’s Workers’ Comp Costs
It might seem like construction businesses can’t do much to avoid high workers’ compensation costs. But there are steps you can take to reduce or better control premiums. In this article, we will discuss some ideas for regaining some power over your premiums.
Are You Staying Ahead of Your Construction Company’s Backlog?
As the economy rebounds from the pandemic and the demand for construction services is reportedly high, it is important for construction company owners to be aware and stay ahead of their backlogs. In this article, we will explore strategies for you to consider to help maintain a healthy backlog. 
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About Dannible & McKee, LLP

Dannible & McKee, LLP has been providing audit, tax, accounting and financial management consulting services to clients nationwide since 1978. We are highly respected among construction leaders, and we are actively involved with our construction clients and the many organizations affecting their businesses. We go beyond our competition by conducting one-on-one, year-end planning meetings to review your operations and plan for income taxes, banking and bonding concerns. Because of our comprehensive familiarity with all aspects of construction, we’re able to assist you in business planning and long-term goals, all while resolving your daily operational needs to maximize cash flow.

To learn more about Dannible & McKee, visit us at: www.dmcpas.com