Remove Bankruptcy Remove Industrial Remove Liability Remove Profitability
article thumbnail

Estimating- The New Normal

Chianelli Estimating

Construction is resuming but the effects of COVID-19 has drastically altered the industry’s mode of operations forever. COVID-19 isn’t the same type of work-related hazard the industry is accustomed to. One error may be the difference in bankruptcy or staying afloat. Covid-19 and the Impact on Construction Estimating.

article thumbnail

Bookkeeper Vs. Accountant Vs. C.P.A. For Your Construction Company

Contractor Bookkeeping

Their primary function is to review the transactions, reclassify some of them as needed and prepare payroll, monthly tax returns, quarterly tax returns, basic Profit & Loss Reports and Balance Sheet Reports. Business Owners - Need three basic reports, Cash, Profit and Equity. Profit And Loss Report. Cash On Hand.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Scam Artists Are Calling Contractors Claiming To Be From The IRS

Contractor Bookkeeping

This has been a popular and from all indications a very profitable swindle because it appears to be getting worse. For the reasons outlined above some construction company owners have a nagging concern about when they will be found out and be faced with major fines, penalties and possible bankruptcy and in a few cases prison sentences.

IRS 48
article thumbnail

How to Start a Plumbing Business: 9 Tips for Growth

Levelset

Industry research shows that the US plumbing industry includes over 130,00 businesses (and more than 500,000 employees) with total annual revenues exceeding $130 billion. You’ll need a name for your business entity and a business structure — often a sole proprietorship or limited liability company (LLC).

article thumbnail

How to Start an Electrical Business: 9 Tips for Growth

Levelset

Industry research shows that the US electrical industry has more than 1 million employees working for 200,000 businesses — and annual revenue exceeding $200 billion. You’ll need a name for your business entity and a business structure — often a sole proprietorship or limited liability company (LLC).

article thumbnail

How to Start a Roofing Business: 9 Tips to Grow & Thrive

Levelset

Industry research notes that the US roofing industry consists of more than 80,000 businesses employing 250,000 people — and annual industry revenues exceed $50 billion. You’ll need a name for your business entity and a business structure — often a sole proprietorship or limited liability company (LLC).

article thumbnail

How to Start a Painting Business: 9 Keys to Growth & Success

Levelset

Industry research reveals that the US painting industry includes over 255,000 businesses with total annual revenues exceeding $35 billion. You’ll need a name for your business entity and a business structure — often a sole proprietorship or limited liability company (LLC). Read more: The profit roadmap for contractors.