Remove Accounting Remove Income Remove IRS Remove Remodeling
article thumbnail

The Most Important Employee In Your Construction Company Is You!

Contractor Bookkeeping

I’m hoping you had “A Lot” and a high net income as that is the purpose of being in business for yourself. As A Sole Proprietor All Your Net Income Is Subject To Payroll Tax! This is also the most common numbers used for reporting to Department of Revenue, State Income Tax and IRS Returns.

Income 49
article thumbnail

You Are The Most Important Employee In Your Construction Company

Contractor Bookkeeping

I’m hoping you had “A Lot” and a high net income as that is the purpose of being in business for yourself. As A Sole Proprietor All Your Net Income Is Subject To Payroll Tax! This is also the most common numbers used for reporting to Department of Revenue, State Income Tax and IRS Returns.

Income 48
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

State by State Incentives Guide

Buisness Facilities Contributed Content

Income Tax Capital Credit: The Income Tax Capital Credit has been available since 1995. The enterprise zone credit is equal to $2500 per permanent new employee and can be applied against the income tax and/or business privilege tax liability. The tax for existing entities accrues as of Jan. The rates range from $.25

Income 108
article thumbnail

STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

INCOME TAX CAPITAL CREDIT: Currently codified as Article 7, Chapter 18, Title 40, Code of Alabama 1975. It is a credit of five percent of the capital costs of a qualifying project, to be applied to the Alabama income tax liability or financial institution excise tax generated by the project income, each year for 20 years.

Income 75
article thumbnail

Installing Value - Contractor Magazine

Contractor Magazine

Remodeling. IR Cameras. According to the EPA, potable water heating is the second most expensive energy draw in the American residence, accounting for roughly 15% of a home’s energy use. What is the temperature of the incoming water? Piping Contractor. Hydronics Hydronics Systems. Radiant Heating. Green Geothermal.