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Improving Cash Flow Through Proactive Tax PlanningOctober 1, 2014
Even if you think you pretty much know all there is to know about bonding, in the next three minutes, after reading this short blog, we believe you’ll discover something you didn’t know. Maybe even several things. Our mission? To make sure the next time you find yourself playing The Bonding Game, you have an advantage.
Most people when playing The Bonding Game have the same four questions:
1. How do I get bonding?
2. How can I enhance my bonding ability?
3. How can I increase my bond limits?
4. How do my actions help or hurt my bond-ability?
If you’re not sure of the answers, that means you’re probably not maximizing the bonding process and are likely limiting your business more than you think. The way to get the advantage is to surround yourself with people who’ve played The Bonding Game many times before and who know how to win it.
Here are your Bonding Game experts, and they are all in the game together, ideally on the same team:
• The contractor
• The bonding agent
• The construction CPA
• The banker who understands construction
• The surety
Think of these experts as resources. And think of the construction CPA as your primary resource. It’s your CPA firm that knows the answers to all four of these critical questions. If you’re looking for a direct path to success in The Bonding Game, choosing and using the right construction CPA firm—one with decades of experience, that limits their practice focus to construction—gives you a definite advantage. Here’s how.
Your construction CPA firm will prepare your financials in an industry-recognized format, using generally accepted accounting principles. They will customize them to your company and your project, so when it’s all said and done, the bonding agents ask fewer questions and encounter fewer stumbling points. Simplifying evaluation, enhancing your credibility and speeding up the bonding process is all part of a game-winning strategy.
There is one final element to succeeding at The Bonding Game: Your CPA firm must hold a solid reputation and be widely known for performing this service. This level of respect is hard-earned and can only come by delivering quality work, consistently over time.
If you haven’t guessed by now, one firm in Arizona fits this bill, Morrison, Clark & Company. As your construction CPA teammate, we bring the level of experience, reputation and focus you need to succeed in The Bonding Game. So when you are ready to play, look us up. We’ll be on your side. It’s time we join forces and play to win.