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6 Ways the COVID-19 crisis will reshape the construction industry

Lets Build

It is now apparent how critical it is to provide compensation and support to employees as strict community quarantines are placed. For instance, companies that depend on bank checks and physical forms need to find other means to distribute payment. Payroll needs to have a solid digital infrastructure with remote accessibility features.

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Redundancy is the first line of defense during power grid cyberattacks

CK Power

When outages affect banks, customers can no longer pay bills, withdraw cash or swipe their debit cards for groceries. It also leaves banks open to fraud by opportunists who may impersonate customers to access their accounts, which is more than a mere inconvenience. This concept is called power redundancy, and it’s critical.

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15 Tips For Starting Your Own Roof and Guttering Business

Construction Marketing

Insurance, liability, and workers’ compensation . 10) Business bank account and credit card. A separate bank account will make management easier, and it will help protect your personal assets. 11) Accounting. Start with General Liability Insurance and the Workers’ Compensation Insurance. .

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When Being A Licensed Contractor Is Just Not Enough!

Contractor Bookkeeping

Suddenly just like any other employee you owe Worker’s Compensation, State and Federal Unemployment. As an employer among your responsibilities are these: Pay workers’ compensation. If they have employees check their workers’ compensation account and claim history. Did you mail your renewal to the wrong mailing address?

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Unique Tips To Reduce Construction Company Start Up Stress

Contractor Bookkeeping

Go To Your Bank - And they offer you a line of credit. Use Credit Cards - And supplier accounts to finance your new business and be very careful about what you buy. Bank Accounts - Set up two bank accounts in your company name. It is a must have to borrow money from a bank. You say O.K. You say O.K.

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We Reduce Construction Company Start Up Stress

Contractor Bookkeeping

Did You Go To Your Bank - And they offered to give you a line of credit. Did You Use Your Personal Credit Cards - And supplier accounts to finance your new business and perhaps you were not careful about what you bought? Bank Accounts - Set up two bank accounts in your company name. You say O.K. You say O.K.

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Contractor's Networking Secrets To Increase Sales And Profits

Contractor Bookkeeping

It would be foolish for them to provide the services and not be compensated fairly. Stephen Covey describes it as "The Emotional Bank Account." Some of the best lessons came from makers who were the most successful sales people, men and women because they all talked about giving more in value than you take in compensation.