Risk Management in the Construction Industry and Its Influence on Executives for Growth and Success

SOURCE:Photo by Mark Potterton on Unsplash Construction is, without a doubt, a high-risk industry. Each construction project is unique and has its own set of challenges that can cause a variety of problems and jeopardize the project’s success. As a result, risk management cannot be overlooked in the construction industry.  Large projects and machinery, increasing stakeholders, expensive equipment, […]

2023 Compliance Issues in Healthcare Industry – Preparing Healthcare Executives

Photo by National Cancer Institute on Unsplash The healthcare sector has changed over the years due to the fast-evolving government regulations, the Covid-19 pandemic recovery, technological innovations, and patient expectations. On the other hand, these changes and improvements have affected compliance officers and healthcare executives in some way, as it has posed new compliance issues. As we are […]

Employee Training to Combat High turnover Rate in the Healthcare Industry

CANVA / PEXELS – Christina Morillo  Watch our video below or read the article underneath to understand more!https://youtu.be/bBzhkeyUEeo Healthcare is one of those industries with a high turnover rate, the hours are long, the pay is low, and there is often an extremely high-stress level. For some employees these aspects of the job does not […]

Construction Technology Trends for 2023: Enhance Efficiency and Stay Ahead of the Curve

Photo by Valeria Fursa on Unsplash Every day, we observe how technological advancement makes our lives simpler by making tasks and professions easier. One industry that is largely impacted by the new wave of technology is the construction industry. Many construction executives have embraced digital solutions, which has caused the industry to swiftly innovate, making projects safer, cheaper, […]

OUTSOURCING ACCOUNTING TREND: THE IMPORTANCE OF SHIFTING TO CLOUD-BASED ACCOUNTING

CANVA – Natee Meepian Many years ago, accounting records were stored on a desktop, and managing day-to-day bookkeeping required someone to be in the office recording transactions, paying bills, and invoicing clients. Today, the accounting profession has advanced by leaps and bounds. It is anticipated that accounting is a dynamic field that changes constantly. Accounting […]

The Construction Labor Shortage and its Impact: Addressing Skilled Labor Shortages

In 2020 and 2021, a global pandemic was an unknown risk that the construction industry had never anticipated and like all business and industry segments, construction was significantly impacted by two years of pandemic disruptions and continues to grapple with its lingering effects. According to the U.S. Bureau of Labor Statistics, the unemployment rate in the […]

Discover the Benefits of Tax Return Outsourcing for CPA Firms and Tax Firms

CANVA – Natalia VaitKevic In today’s global economy outsourcing has become the go-to maneuver for businesses looking to streamline their operations to focus on their core business functions. This adoption of business strategy is no different for CPA firms, leveraging outsourcing tax preparation to grow their productivity and scale their business to the next level. […]

Understanding Construction Financial Management – Ensure Long-Term Financial Health and Sustainability of Your Business

Unsplash The construction industry, like any industry, requires a well-defined product or service, enthusiastic and talented personnel, and a strong customer base to succeed. However, success in this industry is considerably more challenging than in most sectors. According to Census Bureau data, over the last 10 years, construction businesses failed at nearly 1.5 times the rate of companies in […]