article thumbnail

Estimating- The New Normal

Chianelli Estimating

One error may be the difference in bankruptcy or staying afloat. General Condition costs along with indirect costs tend to be much smaller but they are still a reality of doing business and a real profit killer; particularly when not accounted for. Insurances; Workers compensation, General Liability, Risk. Less opportunities.

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

State by State Incentives Guide

Buisness Facilities Contributed Content

If a business entity invests in a qualifying project that meets certain requirements and is approved by the Alabama Department of Revenue, and maintains minimum annual requirements, the company may receive an annual credit against its income tax liability generated from the qualifying project.

Income 108
article thumbnail

STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

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. The credit is 20 percent of the actual costs limited to the employer’s income tax liability.

Income 75
article thumbnail

How to Start a Plumbing Business: 9 Tips for Growth

Levelset

You’ll need a name for your business entity and a business structure — often a sole proprietorship or limited liability company (LLC). If you start growing without proper financial management, you will quickly find your company out of cash and in bankruptcy court. Read more: The profit roadmap for contractors.

article thumbnail

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

Levelset

You’ll need a name for your business entity and a business structure — often a sole proprietorship or limited liability company (LLC). If you start growing without proper financial management, you will quickly find your company out of cash and in bankruptcy court. Read more: The profit roadmap for contractors.