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March 20, 2019

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The gig economy is changing the way we work, with more people are performing freelance and contract jobs rather than or in addition to traditional 9-to-5s. The rise of freelancing is not only changing the economy, but also the way we think about personal finance. Pay amounts and frequency vary, taxes become more complicated and p...

March 4, 2019

In business, you want to save costs wherever you can. You may be managing your books yourself because you’re a sole proprietor, or feel hiring a bookkeeper isn’t worth the cost. However, shabby bookkeeping could end up costing you even more money, and with the high expenditures typical to Construction, even more so.

The DIY route is possible, but you need to invest your time in making your records clear and organized. Ultimately it will help you in the long run, either by helping you in planning...

October 5, 2018

Construction payroll can be complex. As the owner of your construction firm, you likely do not have the time or ability to handle payroll processes yourself, which means your choices are either to hire a person in-house to accomplish the task, or outsource your payroll work to a third-party agency capable of taking on work as you give it to them.

It is important to work with professionals who can be trusted to accurately and thoroughly complete all payroll taxes. As a contractor, a large portion...

September 10, 2018

Interview with Doru from a Los Angeles based Specialty Contractor.

- What they were doing before they hired Patin & Associates

- Review of the services provided to them, and his thoughts

- Where they are now, and how Patin & Associates has had an impact on Doru's company financially and operationally. 

September 6, 2018

Of the financial challenges frequently faced by construction companies, cash flow issues are perhaps the most common. It might be a surprise to learn that more than 80 percent of construction companies that fail are actually profitable. It is important, therefore, for construction companies to understand how they can effectively manage cash flows during projects and in general throughout the fiscal year.

Here are some tips to help your construction company manage its cash flow during a project to...

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