December 2, 2019

Construction Accounting & Taxation published an article by Partner Rob Mercado and Senior Manager Christopher Sisk, suggesting questions every contractor should ask their CPA prior to year-end.

Construction Accounting & Taxation

By Robert Mercado, Partner, Assurance Services & Christopher Sisk, Senior Manager, Assurance Services

Related Industry Construction

Construction Accounting & Taxation published an article by Partner Rob Mercado and Senior Manager Christopher Sisk, suggesting questions every contractor should ask their CPA prior to year-end.

Excerpt:

Understanding the inputs and accounts that affect the working capital ratio is critical and must be managed with laser focus at year-end. Working capital should be a minimum of 10 percent of a company’s top line revenue. If it is below that percentage, it can directly affect the amount of work a contractor can pursue in the following year.

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