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How High Profit Jobs Send Contractors Into Bankruptcy

Contractor Bookkeeping

Too often this is the main reason home builders go bankrupt is cash flow issues. The remodel contractor uses a form of "Cost Plus" or "Not To Exceed" to provide the homeowner with scope of work and a contract price the bank needs in order to finance the construction. Residential Remodel Contractor Building A Home. The Solution.

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Job Costing Accounting Vs. Regular Accounting

Contractor Bookkeeping

This is also one of the main reasons CPA''s are horrible at construction accounting. If the contractor believes the company is undercharging they may raise bid prices, lose jobs, eventually run out of cash and file bankruptcy. Equipment auctions and listen to contractors explain why the bank repossessed everything.

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Scam Artists Are Calling Contractors Claiming To Be From The IRS

Contractor Bookkeeping

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. These fears go a long way to helping the scammers achieve their goal. Click Here For More.

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constructionattorneyblog: Waivers of liens: fraud

Construction Lawyer

« Housing boom leads to copyright litigation increase | Main. | The Bankruptcy Court for the Northern District of Illinois recently ruled that a contractor who falsified waivers of lien engaged in fraudulent conduct and his debt to the bank was non-dischargeable. Waivers of liens: fraud. 12, 2005).

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Cover Story: 2014 Business Facilities – Metro And Global Rankings

Business Facilities

The expansion includes retrofitting their main fab to logic chips to supply mobile and tablet production. Yes, we know that Detroit became the largest city in history to file for bankruptcy protection, a process the city is expected to emerge from this year. We are committed to helping make that future a reality,” the bank said.

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State by State Incentives Guide

Buisness Facilities Contributed Content

CAPCO financing, an alternative to conventional bank financing, can accommodate a slightly higher risk profile and provide a more flexible structure for growing businesses. Many small businesses that are not able to receive traditional bank financing can get support through CEF. CALIFORNIA – updated for 2014.

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STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

CAPCO financing, an alternative to conventional bank financing, can accommodate a slightly higher risk profile and provide a more flexible structure for growing businesses. The COMMERCIAL FISHING AND AGRICULTURE BANK provides loans to fishing, tourism, natural resources and agriculture-based projects.

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