ORSC Blog

As 2020 Closes: Consider Alternative Accounting Methods on Long-Term Contracts To say that 2020 has been a challenging year would be an understatement. Many small businesses across all industries were hit hard by the COVID-19 global ...
Contractors: Is Your Internal Record Keeping Helping You or Hurting You? Let’s face it, the reason you went into construction is because you like being at the job site — not cooped up in an office. So you probably don’t spend as much ...
How to Take Your Business to the Next Level and Increase Your Bonding Capacity Are you ready to grow your business? Maybe you’d like to bid on larger projects. Or the owner of your current job likes your work and wants to hire you for ...
How Do I Increase My Bonding Capacity? We are often asked by agents and contractors about how they would go about increasing their bond capacity.  The amount of things a contractor can do to accomplish ...
What to Expect - The New Revenue Recognition Standard In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers (“Topic ...
Picture Day for Contractors If there is one thing I learned in grade school, it is that some days are more important than others. Most notably, in the life of a grade schooler, picture day ...
Construction Oriented CPAs Play Key Role for Contractor's Bonding Needs We often hear contractors say that getting a job is the hard part – completing the project is the easy part. Many factors go into that, one of which is having ...

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