Contractor Bookkeeping
OCTOBER 17, 2014
Scammers are calling all kinds of people and business owners claiming to be from the IRS. It is no secret that contractors are in an industry with a lot of cash transactions and sometimes they get busy and forget to deposit the money in the bank and properly account for it inside their contractors bookkeeping services system.
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.
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Contractor Bookkeeping
AUGUST 6, 2014
2 The financials tell the banker your bookkeeper doesn''t understand Construction Accounting. #3 4 You have no access to a construction accountant, not even for quarterly check-ups. #5 Bankers love chatting with accountants because we speak the same language. The Construction Specifications Institute (CSI).
Contractor Bookkeeping
JULY 24, 2014
Since 1973, the Financial Accounting Standards Board (FASB) has been the designated organization in the private sector for establishing standards of financial accounting that govern the preparation of financial reports by nongovernmental entities. See more at: [link].
Contractor Bookkeeping
AUGUST 29, 2014
Construction Company cash flow is the movement of money in and out of your Construction Company; these movements are known in accounting circles as inflow and outflow. Note: A construction accountant is the best person to help you learn how your cash flow statement works. What Makes Up Your Construction Company Cash Flow?
Job Order Contracting
JUNE 14, 2019
Apprentices and trainees are paid wage rates in accordance with the wage schedule in the approved program. The amount of the base wage that you may off-set with fringe benefits is limited by certain IRS and FLSA requirements. – Probationary apprentice. – Pre-apprentice. Deductions. give up) any of their earnings.
Contractor Bookkeeping
JANUARY 5, 2013
At the end of the year when it is time to complete annual Federal Tax Return (we have heard a lot about taxes lately) most contractors a bit confused never having filled out a Schedule C. This is also the most common numbers used for reporting to Department of Revenue, State Income Tax and IRS Returns. Click here to learn more.
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