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Accounting for Retention Receivable & Payable: A Contractor’s Guide

Levelset

In an attempt to hold contractors accountable, many projects use retention holdbacks, also known as retainage. These holdbacks need to be accounted for by every party to a project: owner, general contractor, and subcontractor. Retention receivable and payable is different from accounts receivable and payable. View profile.

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Construction Company Failure Root Causes

Contractor Bookkeeping

Education is the foundation for shifting paradigm. In ancient Greece, Socrates argued that education was about drawing out what was already within the student. "I Cash flow issues kill contractors even though they have profit. Sales tax liens against contractors twenty two times higher than any other business.

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Process Dependent Vs. People Dependent Increases Contractor's Profits

Contractor Bookkeeping

Then suddenly you decided they needed to get an education in return you were still expected to continue to provide their food, clothing and shelter for another twelve years or so. Education is the foundation for shifting paradigm. Cash flow issues kill contractors even though they have profit.

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Starting Profitable Construction Company Unique Secrets Revealed

Contractor Bookkeeping

Education is the foundation for shifting paradigm. In ancient Greece, Socrates argued that education was about drawing out what was already within the student. "I 2 Connect With A QuickBooks Expert In Construction Accounting Services. 2 Change State - Arriving at a new understanding about something. could fill out a tax return.

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State by State Incentives Guide

Buisness Facilities Contributed Content

Property Tax Abatements: The Tax Incentive Reform Act of 1992 (TIRA) allows qualified industries to receive abatements of non-educational property taxes for new businesses locating to Alabama and for expansions of existing facilities in Alabama. The combined state and local millage rate would then be applied to the assessed value.

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STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

BROWNFIELD DEVELOPMENT TAX ABATEMENTS: Gives cities and counties the ability to abate the following: Non-educational city and county sales & use taxes; Non-educational state, city and county property taxes—up to 20 years; Mortgage and recording taxes. Borrowers inject 10 percent in the form of cash or equity in real estate.

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