173 Why Your Construction Business Needs a Construction-Specific CPA

Listen as Host Mike Merrill and Foundation Software CPA Liaison John Corcoran discuss the critical role of CPAs in the construction industry. Corcoran gets into the nitty gritty of why it's so important to have a CPA who understands construction-specific financial matters. He will expand on how networking and getting involved with professional associations — like CFMA — are vital for staying competent and connected in the industry. The episode also touches on the personal sacrifices required for career success and the evolving focus on mental health and diversity within the industry.

 

Key Takeaways

•       Success in the construction industry heavily relies on professional networking.
•       Active participation in industry-related associations and conferences are crucial for CPAs to stay updated and competent.
•       There are appropriate ways to make personal sacrifices for professional success.
•       The construction industry is evolving to address broader issues like mental health and gender diversity. Implement strategies to safeguard the mental health of your crew.

 

Join Host Mike Merrill and Foundation Software CPA Liaison John Corcoran as they discuss the vital role of construction-specific CPAs and the importance of networking and professional associations like CFMA. They will also explore personal sacrifices necessary for career success and explore the industry's evolving focus on mental health and diversity.

 

"Networking is so important," Corcoran said. "I'm a CPA. I'm in the construction industry, but as far as technology and technical things, I'm very, very substandard on it, but I've become a pretty good networker and that's what helped me all through my career."