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Section: Business > Business Services > Financing, Insurance & Leasing
Financing, Insurance & Leasing
Equipment Finance Sector Reports Business Volume Up 6% YoY
Equipment Leasing and Finance Association
Overall new business volume in the equipment finance sector for June was $10.9 billion, up 6 percent year over year from new business volume in June 2022. Volume was up 15 percent from $9.5 billion in May.
July 26, 2023
Adobe Stock 443246635 Max Safaniuk
Business Services
What Is A Funded Payroll?
One of the largest expenses for any construction company is payroll. Among the benefits from an Employer of Record, let's go over what a funded payroll service is ... and what it can do.
July 25, 2023
Payroll Funding To Provide Capital To Pay Construction Employees
Business
Improving Construction Profitability in a Tight Market
GB Financial Services, LLC
Industry expert Garry Bartecki talks about the role of technology in profitability and construction business success.
June 23, 2023
The industry will be forced to consolidate to get maximum benefit from technology, and those that do adopt this technology will find themselves in a much better competitive position.
Business
Equipment Finance Confidence Up in June
Equipment Leasing & Finance Foundation
The Equipment Leasing & Finance Foundation released the June 2023 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI) today.
June 22, 2023
Executives from the equipment finance sector believe that business conditions will improve over the next quarter, CapEx leases and loans will increase, and they expect to have more access to capital to fund equipment acquisitions.
Business
The Agony of Idle Equipment on a Construction Jobsite
GB Financial Services, LLC
Poor controls cost you money two ways; loss of work and increase in costs.
May 25, 2023
Equipment costs are close to 20% of total construction costs.
Rental Business
Equipment Leasing & Finance Foundation Releases Economic Report
Equipment Leasing & Finance Foundation
Equipment and software investment growth slowed in early 2023, resulting in the Equipment Leasing & Finance Foundation lowering its annual forecast for investment growth to 1 percent.
April 21, 2023
Adobe Stock 457233198
Business
How to Handle Construction Equipment Spending in 2023
GB Financial Services, LLC
Business owners need to be careful with their spending and managing their balance sheets during 2023, to avoid the pitfalls of inflation and overspending.
April 19, 2023
Business owners need to be careful with their spending and managing their balance sheets during 2023, to avoid the pitfalls of inflation and overspending.
Business
Tax Alert: Bonus Depreciation is Being Phased Out In 2023
Crest Capital
The popular tax deduction begins a phase-out in 2023. What does this mean for construction companies?
April 13, 2023
Many people think Section 179 and Bonus Depreciation are the same thing (especially since they are often talked about together). While it’s true they are both accelerated depreciation schedules, there are several stark differences.
Business
Inexperienced Worker Conundrum: Help Protect Your Employees and Your Bottom Line
Sentry Insurance
How green are your workers? Protect your construction business from business issues related to injuries and accidents.
March 17, 2023
How green are your workers? Protect your construction business from business issues related to injuries and accidents.
Financing, Insurance & Leasing
Managing Late Payments with Digital Tools
Xero
By adopting digital tools that manage financial information in the most efficient and effective ways, builders can lay a solid operational foundation to enable them to survive – and even thrive – during economic volatility and achieve long-term success.
March 15, 2023
By adopting digital tools that manage financial information in the most efficient and effective ways, builders can lay a solid operational foundation to enable them to survive – and even thrive – during economic volatility and achieve long-term success.
Financing, Insurance & Leasing
4 Signs Your Business is Ready to Offer Financing Options
Mosaic
Financing allows customers to make necessary home repairs on a budget. It also helps them tackle larger projects and upgrade to higher-quality products.
March 8, 2023
Adobe Stock 239385900 Don
Business
Year-Round Tax Strategies to Increase Construction Business Success
McCarthy & Company, PC
Use this starter checklist for year-round tax preparations to establish long-term growth and sustainability for your construction contractor business.
February 27, 2023
Year-Round Tax Strategies for Construction Companies
Business
Consider the Construction Equipment Financing Options Available
GB Financial Services, LLC
There are contractors and rental companies needing to upgrade their fleets with either new or late model used equipment. Many of you reading this are probably in this situation; figuring out what you may need, what you can sell off or trade-in, etc.
February 5, 2023
Buying a unit and financing it works if you have used units to trade-in or sell off to apply the proceeds to the purchase. It also helps if business is strong and generating taxable profits that you would like to avoid.
Business
Ways to Improve Construction Workforce Productivity in 2023
GB Financial Services, LLC
No matter what size your company is, you have to assume competitors are looking for ways to improve productivity and leaving you in the dust.
January 10, 2023
construction workers wearing safety gear
Financing, Insurance & Leasing
Construction Companies Can Advance by Being Cautiously Bullish in 2023
EY (formerly Ernst & Young)
To combat economic challenges, the industry must leverage innovation and the recent three landmark pieces of U.S. legislation to mine the opportunities, while maintaining a healthy cautiousness as economic downturn looms.
December 27, 2022
To combat economic challenges, the industry must leverage innovation and the recent three landmark pieces of U.S. legislation to mine the opportunities, while maintaining a healthy cautiousness as economic downturn looms.
Business
Fix Construction Payments and Reduce Risk in a Tough Economic Climate
Built Technologies
Unfortunately, according to PwC, the construction industry has a sales outstanding average of 51 days—the longest of any industry in the country—which is largely the result of relying upon inefficient processes to handle complex requirements.
December 23, 2022
Unfortunately, according to PwC, the construction industry has a sales outstanding average of 51 days—the longest of any industry in the country—which is largely the result of relying upon inefficient processes to handle complex requirements.
Business
Calculate the Productivity of Your Construction Business
GB Financial Services, LLC
How are your productivity stats standing up to the test of time?
November 26, 2022
If total sales increased by 20%, then expect the Sales Per Employee number to increase by that same percentage.
Business Services
Flexible Financing Solutions Help Companies Grow Amid Volatile Economic Cycles
TIAA Bank
Work with a lender that understands your business and your equipment to structure flexible financing solutions tailored for your company.
November 5, 2022
Work with a lender that understands your business and your equipment to structure flexible financing solutions tailored for your company.
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