March 1, 2018
Cash flow is the lifeblood of any business. And it’s especially vital for general contracting businesses that require financial flexibility for purchasing materials, meeting payroll and paying subcontractors. Also consider that GCs must have cash liquidity in order to receive financing from creditors.
If you find that your business is consistently tight on cash flow, consider these tips to help you improve the situation:
These are just a few ways to improve cash flow in your general contracting business. Our advisors can help you gain valuable insight into your business and identify other ways to ease the cash flow crunch. Contact our firm today for professional assistance.
Before I begin, let me just say that the chances that someone wins any lottery prize are always going to be extremely low. The chances are actually higher that you get hit by lightning than they are for you winning the Powerball lottery.
For many business owners, September tends to bring a bit of a slowdown. The chaos of getting kids prepared for going back to school has passed, and a focus on saving money tends to kick in as people prepare for the coming holiday spend. Combined, this can often translate into a lull for business owners.
This is a friendly reminder that the Q3 tax estimate payment deadline is coming up fast. Be sure to make your payment by September 15, 2018 to avoid penalties. Currently, penalties for late or no payment average about 4 percent. And wouldn’t you rather keep that money in your pocket?