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

Levelset

Peterson , a construction finance educator and author, “The retention in the retention receivable account is not collectible yet because the contractor has not earned the right to receive it.” Debit Credit Income $100,000 Accounts receivable $90,000 Retention receivable $10,000. According to Steven J.

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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 Go to your bank and ask to speak with the commercial banker. Every bank has one and they can be one of your most powerful allies and mentors.

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Unique Bookkeeper Errors Reduce Contractor Profits

Contractor Bookkeeping

Financial Reports Were Worthless Profit & Loss Reports showed massive income because Cost of Goods Sold (COGS) accounts were understated. This One Bookkeeper Error Caused the contractor to OVERPAY HIS ANNUAL INCOME TAX. The Key Colum - Is the Percentage (%) of Income. Education is the foundation for shifting paradigm.

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Is There a Future in Commercial Investment Properties for You?

Wolgast Corporation

On a surface level, it seems like a long-term, but easy investment that will generate ongoing income and also potentially appreciate in value the longer you own it. Prior to selecting a property and submitting a purchase agreement, you’ll want to evaluate and compare your options to make an educated decision on the best potential.

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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. Income Tax Capital Credit: The Income Tax Capital Credit has been available since 1995. Inventory is exempt from property tax. The rates range from $.25

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STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

INCOME TAX CAPITAL CREDIT: Currently codified as Article 7, Chapter 18, Title 40, Code of Alabama 1975. 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.

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