Ask a CPA - Navigating Owner Transition
- Ask a CPA
- May 26, 2025

By Mason Brady, Brady CFO The year 2020 served as a stark reminder that supply chain disruptions can happen without warning. For subcontractors, these disruptions can quickly escalate from a minor inconvenience to a severe threat to project timelines and profitability. By implementing strategic procurement and inventory management tactics, you can fortify your business against
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By Brian Ballard, CPA, CCIFP – Aprio In the construction industry, financial reporting is more than a reoccurring compliance exercise. It should be a process through which financial data drives strategic decision-making, transparent understanding of profitability, and allows a Company to plan both its short and long-term sustainability. Achieving accurate and timely financial reporting depends
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By Wesley Veigle, CPA, Boyer & Ritter LLC In the construction industry, cash flow is not just a metric, it is essential for survival. While projects may appear profitable on paper, inadequate management of Work-in-Progress (WIP) can cause them to fail. For contractors, mastering WIP analysis is crucial for turning uncertainty into predictable outcomes. Without
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By Ara Grigorian, CPA, CCIFP Don’t let the label “supplemental information” fool you. Accurate contract schedules are just as crucial as the balance sheet and income statement for a construction contractor. By contract schedules, I mean the schedule of completed contracts and contracts in progress. These schedules provide a glimpse of where the company is
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By: Brandon Seidl, The Miller Group In recent years, the term “nuclear verdict” has become a growing concern for companies across all sectors, especially those where safety and risk to the public or employees intersect. This is especially true in construction, where heavy machinery and high-risk environments are common. In construction, “negligent entrustment” is a
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Navigating Owner Transition in the Construction Industry: A Blueprint for Sustainable Success By Heather Parbst, CLA In the construction industry, where relationships, craftsmanship, and reputation often span decades, transitioning business ownership is a deeply personal and high-stakes event. Yet, many construction business owners delay this critical planning, risking the stability of their company, employees, and
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