Contractor Bookkeeping

APRIL 7, 2023

Learn the top reasons why small businesses end up in bankruptcy and what you can do to prevent that from happening to you. You must have more money coming in than is going out, or you're on the express train to bankruptcy. Poor cash flow Not bringing enough money in is the main reason why businesses fail.

Bankruptcy 94

Bankruptcy Cash Flow Construction Income 94

NH Construction Law

OCTOBER 22, 2023

Worse, a lawsuit against the general contractor or subcontractor for breach of contract after abandonment of the project will almost certainly be futile; the default on its loan usually signals that it won’t be able to pay a judgment and is probably headed for bankruptcy.

Security 40

Security Contract Accounting Construction 40

Contractor Bookkeeping

JULY 27, 2012

Bad Numbers - Lead to bad decisions / cash shrinks / business unstable / bankruptcy or failure. Bankruptcy - Result of saving money on bookkeeping and making decisions on garbage reports. BCA Business Coach - Someone who helps you raise your level of thinking and income. Income - Working for daily money.

Contractors 63

Contractors Cash Flow Construction Accounting 63

Contractor Bookkeeping

JUNE 11, 2013

1 External Tax Accounting purpose is to report income to the government by preparing tax forms and making certain you pay your fair share of taxes and if you have bad bookkeeping perhaps a little extra. If the contractor believes the company is undercharging they may raise bid prices, lose jobs, eventually run out of cash and file bankruptcy.

Accounting 48

Accounting Bankruptcy Profitability Contractors 48

Contractor Bookkeeping

AUGUST 6, 2014

Using the information gathered the IRS was able to make a compelling case from the bottom up of his annual income. Each major category, Sales, Cost of Goods Sold, Overhead, Other Expenses and Other Income are rated on a scale of top 25%, middle 50% and bottom 25%. The rest as they say is history. Altman published it in 1968.

Finance 48

Finance Accounting Construction Banking 48

Buisness Facilities Contributed Content

JULY 3, 2013

In the midst of the Recession, nearly two-thirds of the 50 states were teetering on the edge of bankruptcy. Mike Pence proposed using any surplus to pay for a 10 percent cut in state income taxes; the Legislature is opting for a 5 percent tax cut and setting aside the rest for other purposes. In Indiana, Gov.

California 51

California North Dakota Connecticut Wisconsin 51

Buisness Facilities Contributed Content

AUGUST 29, 2013

The property is part of the Urbana Corporate Center, a large campus that also is home to a 60,000-square-foot data center servicing Fannie Mae, a provider of housing loans to low-income Americans. Bankruptcy Court in Delaware and said it expects the sale to be completed in two to three months.

Maryland 53

Maryland Baltimore Electrical Houston 53