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Scam Artists Are Calling Contractors Claiming To Be From The IRS

Contractor Bookkeeping

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. Contractors Are Prime Targets For IRS Scams. If it’s an email, forward it to the IRS at phishing@irs.gov.

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Unique Construction Company Financing Secrets Revealed

Contractor Bookkeeping

You Want Money; Banks Want To Lend Money, What''s The Problem? Multiply That By 100,000 And You Will Begin To Understand Why Banks Seem So Tight Fisted About Loaning Money. Banks stay in business is by loaning money and earning interest. Think of all the times: You loaned money to a friend or relative. Five Red Flags To Avoid.

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When Being A Licensed Contractor Is Just Not Enough!

Contractor Bookkeeping

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? Making "A Profit" and Having Real "Money Left Over" is how you are able to the things you want to do in life. Is your #1 Favorite Customer adding / taking profits or cash flow?

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Why Your Construction Company Needs Bookkeeping

Contractor Bookkeeping

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.

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Unique Tips For Managing Cash Flow In Your Contracting Company

Contractor Bookkeeping

Is Cash Flow The Same As Profit? While they might seem similar, profit and cash flow are two entirely different concepts, each with entirely different results. The concept of profit is somewhat broad and only looks at income and expenses over a certain period, say a fiscal quarter. Analyzing Your Construction Company Cash Flow.

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House Builders Want Unique Construction Accounting

Contractor Bookkeeping

They work very hard to keep on top of the latest changes to the IRS Tax Code. The IRS Tax Code is similar to the OSHA Book – Thick and has Tiny Print. Fast Easy Accounting translates Builder Documents Into Usable Reports for better profits. Builders do not properly use WIP and therefore pay Higher Taxes.

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The Most Important Employee In Your Construction Company Is You!

Contractor Bookkeeping

One of the most profitable business resolutions you can make is to start out the New Year by converting your construction company to an S-Corporation because it could reduce your tax burden! Do you see growth in sales and profits in the coming months and years? Do you want to grow your sales and profits?

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