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Accounting for construction companies now requires convergence of new legislation, technology adoption and data-driven stakeholder expectations.

Now is the time for CPAs to look around the corner — to anticipate where this wave is heading and how portfolios can be posi­tioned accordingly. That includes assessing clients’ risk tolerance in light of growing volatility and structural realignments.

Traditional reporting cycles that depend on periodic closes and static forecasts do not always keep pace with operational changes. CFOs and finance leaders need access to timely information, clear analysis and insights that extend beyond compliance.

Budgeting, managing cashflows, improving balance sheets and taking on human resources functions are all in a day’s work for CFOs, but increasingly these gatekeepers are also in charge of artificial intelligence (AI) implementation, cybersecurity spending, insurance plan selection and more.

The New Jersey Society of Certified Public Accountants (NJCPA) teamed up with New Jersey Realtors and the Association of Municipal Assessors of New Jersey (AMANJ) to publish an update to their “New Jersey Homeowner’s Guide to Property Taxes."