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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. 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.

IRS 48
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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. Hopefully you have gained some insights to the banking, lending and bonding industry.

Finance 48
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Why Your Construction Company Needs Bookkeeping

Contractor Bookkeeping

This means all legitimate banks; lenders and bonding companies have access to massive data bases which can make judgments about your Construction Company but only if you present the Profit & Loss Reports and Balance Sheet Reports in a format they can use. Visit [link] to learn more.

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Unique Tips For Managing Cash Flow In Your Contracting Company

Contractor Bookkeeping

Profit is a useful figure for calculating your taxes and reporting to the IRS. For optimum cash flow management, examine your payables schedule and in some cases you may be able to earn 36% Return On Investment from your accounts payable. Cash flow gaps can be managed with external financing sources.

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When Hiring A Construction Accounting Service Makes Sense

Contractor Bookkeeping

If you don''t have time to make sure you''re getting paid as well as keeping your customers, employees, suppliers and IRS happy, you are sitting on a ticking time bomb. Many contractors overpay or even pay a bill twice because they don''t have good records or an accurate bank balance in QuickBooks. Are you missing important deductions?