Contractor Bookkeeping

OCTOBER 17, 2014

Scammers are calling all kinds of people and business owners claiming to be from the IRS. This has been a popular and from all indications a very profitable swindle because it appears to be getting worse. From our experience as construction accountants, any contractor who cheats on their taxes ends up cheating themselves in the end.

IRS 48

IRS Claims Contractors Accounting 48

Contractor Bookkeeping

JULY 30, 2014

Builder Accounting begins with a proper QuickBooks setup For Spec Home Builders. Understand to get good, usable information out of any accounting system that they need to be an active participant and code the paperwork. Accountants do not have a crystal ball and or a magic wand…It Is True – Garbage In = Garbage Out.

Accounting 49

Accounting Housing Construction Contractors 49

Contractor Bookkeeping

JULY 24, 2014

There is a lot of information to be gained when you compare this year’s Profit & Loss to the prior year because it will alert you to trends early enough to respond rather than reacting after it is too late and help establish profit and sales goals. See more at: [link].

Accounting 48

Accounting Construction Contractors Profitability 48

Contractor Bookkeeping

SEPTEMBER 25, 2013

Did you send your liability insurance payment in late? IRS Taxes : When you entered into the contract, was this person responsible for filing a tax return with the IRS for his or her business? If they have employees check their workers’ compensation account and claim history. Did you forget to renew your bond?

Contractors 49

Contractors Cash Flow Washington Compensation 49

Buisness Facilities Contributed Content

APRIL 15, 2014

If a business entity invests in a qualifying project that meets certain requirements and is approved by the Alabama Department of Revenue, and maintains minimum annual requirements, the company may receive an annual credit against its income tax liability generated from the qualifying project.

Income 108

Income Finance Zoning Employment 108

Buisness Facilities Contributed Content

MARCH 21, 2014

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. The credit is 20 percent of the actual costs limited to the employer’s income tax liability.

Income 75

Income Finance Zoning Equipment 75