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#130:  Secured Lenders' Rights to Construction Contract Payments

NH Construction Law

If the construction project is not yet complete, this puts the recipient of the notice in a quandary: paying the lender instead of the general contractor or subcontractor will likely induce a cessation of the work. Reading Cooperative Bank v. Suffolk Construction Co. , Not unless he is prepared to pay twice! 543, 553, 984 N.E.2d

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Job Costing Accounting Vs. Regular Accounting

Contractor Bookkeeping

There is some confusion about the differences between job costing accounting and regular accounting which leads some contractors to believe they can get what they need from any bookkeeper and the cheaper the better. Yet most contractors believe the complete opposite about construction; cheaper is not better.

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Bookkeeper Vs. Accountant Vs. C.P.A. For Your Construction Company

Contractor Bookkeeping

Tax Season Is Here and this is when most construction contractors think about getting their construction bookkeeping system in order so they can file their annual tax return for the previous year. Each Branch Of Accounting serves a different function similar to how it works in construction. Why Not All Three? Most C.P.A.

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Unique Construction Company Financing Secrets Revealed

Contractor Bookkeeping

You Want Money; Banks Want To Lend Money, What''s The Problem? Multiply That By 100,000 And You Will Begin To Understand Why Banks Seem So Tight Fisted About Loaning Money. Banks stay in business is by loaning money and earning interest. 4 You have no access to a construction accountant, not even for quarterly check-ups. #5

Finance 48
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How High Profit Jobs Send Contractors Into Bankruptcy

Contractor Bookkeeping

The problem is high profit jobs have a way of turning into low or no profit jobs and in some cases they can bankrupt your construction company because you bid the project using whatever model you are accustomed to using and in the end you wind up with cash flow problems. Every problem has one answer "Brute Force". The Solution.

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Stop Bookkeeper Embezzlement In Your Construction Company

Contractor Bookkeeping

An Alarming Number Of Construction Company Owners Are. Being Ripped-Off And Driven Into Bankruptcy! I say that with all due respect to egg heads since I am an egg-head with several degrees and certifications in Accounting, Construction Accounting and Project Management. That sounds harsh but it is true!

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Scam Artists Are Calling Contractors Claiming To Be From The IRS

Contractor Bookkeeping

It is no secret that contractors are in an industry with a lot of cash transactions and sometimes they get busy and forget to deposit the money in the bank and properly account for it inside their contractors bookkeeping services system. Contractors Are Prime Targets For IRS Scams.

IRS 48