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Increase the value of your business prior to sale

With larger companies and private equity groups looking to use cash reserves to make purchases, the time may be right to explore selling your construction business. Many baby boomers are looking to exit their companies to pursue other goals in life, but have never sold a business. To make the best decision for your future, you must dedicate time to building value in your business prior to a sale.

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Revenue recognition of the future for contractors

One of the goals of the joint project between the FASB and the IASB is to eliminate the varied, industry-specific methods for recognizing revenue. The new revenue recognition method will not be specifically aimed at construction contractors, but is instead a framework to be used for all businesses.

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