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A Cash Flow Guide for Architects

Levelset

However, like any other business, you need to maintain positive cash flow or you may find yourself unable to pay your workers and other expenses. Let’s take a look at the basics of cash flow and how architects can budget their expenses and forecast their income to stay in good financial standing.

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9 Tips for Starting an Architecture Firm

Levelset

These tips are well-tested and designed to get your architecture company off to a successful start. Most architects start their own firms because they want to spend more time being creative and expressing their design ideas. Make sure that you have a realistic expectation of how much design work you’ll be able to do.

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

Levelset

Construction projects rely on contractors completing the work they started and meeting the design intent. Mehdian recommends companies use software specifically designed to track retention. Debit Credit Income $100,000 Accounts receivable $90,000 Retention receivable $10,000.

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New Contractor Business Start Up

Contractor Bookkeeping

Tax Advantages For LLC or a Sub S - The profit or loss from your business is passed through to the owners as normal income. Since the LLC or Sub S does not pay state or federal income tax (as separate business entities), you may be able to save money over a Sole Proprietorship; no double taxation.

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Unique Tips To Reduce Construction Company Start Up Stress

Contractor Bookkeeping

Tax Advantages For LLC or a Sub S - The profit or loss from your business is passed through to the owners as normal income. Since the LLC or Sub S does not pay state or federal income tax (as separate business entities), you may be able to save money over a Sole Proprietorship; no double taxation.

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We Reduce Construction Company Start Up Stress

Contractor Bookkeeping

Tax Advantages For LLC or a Sub S - If you do not setup your corporation correctly the profit or loss from your business will be passed through to the owners as normal income. Partnerships Are The Only Ships - Designed to sink. All large income and expenses go through one account and keep the debit card in your personal safe.

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State by State Incentives Guide

Buisness Facilities Contributed Content

TVA Economic Development Loan Fund: A multimillion-dollar revolving loan program designed to stimulate investment and job creation in the TVA region. Income Tax Capital Credit: The Income Tax Capital Credit has been available since 1995. Enterprise Zone Credit or Exemption: The Alabama Enterprise Zone Act (Act. 25 to $1.75

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