Steve Maltzman

Steve Maltzman's Posts

• Percent-Complete Accounting

  by Steve Maltzman

  Of the four methods used to recognize income, costs, and profits on construction contracts, cash and accrual are most familiar. The best accounting method for remodeling projects is percentage of completion because it recognizes revenue, cost, and gross profit throughout the life of each contract based on a periodic measurement of progress.

• Controlling Operating Costs

  by Steve Maltzman

  I find that service contracts on copiers usually make good sense, but not those on computer hardware.The effective interest rate charged may be higher than what you would pay to finance a purchase.

• Controlling Marketing Expenses

  by Steve Maltzman

  Every remodeling company should have a detailed marketing plan and operating budget broken out month-by-month. Start by identifying the kinds of marketing activities you plan to pursue and the month you expect to incur the cost. As you develop and monitor your marketing plan in the coming year, here are some tips for controlling expenses: Substitute "free" advertising for paid.

• Financial resolutions for the New Year

  by Steve Maltzman

  A list of New Year's resolutions that will help you improve your bottom line.

• Year-End Tax Tips

  by Steve Maltzman

  Tax time is just around the corner. These reminders from a construction CPA will help you organize your year-end paperwork so you’re not caught off guard when April 15th rolls around.