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Unique Tips For Managing Cash Flow In Your Contracting Company

Contractor Bookkeeping

Cash flow is the lifeblood of any construction company and especially the ones with annual sales volume under $1,000,000. Some construction Company experts even say that a healthy cash flow is more important than your contracting company''s ability to complete projects! What Makes Up Your Construction Company Cash Flow?

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Construction Bad Debt What To Do About It

Contractor Bookkeeping

You are not a bank so never, ever use your high interest credit cards and supplier accounts to provide financing to your customers in the form of providing a lot of labor, material, subcontractors and rental equipment hoping to get paid later on down the road. 1 Annual sales of $250,000 with $45,000 net income including your salary. #2

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U.S. CRE Turning Around In 2014, According To New PwC/ULI Report

Buisness Facilities Contributed Content

As a result, the report anticipates that 2014 may be the year that many investors who have traditionally focused mainly on large established markets such as Boston, Chicago, Los Angeles, New York City, San Francisco and Washington, will be expanding their focus to other cities in order to protect capital.

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Unique Bookkeeper Errors Reduce Contractor Profits

Contractor Bookkeeping

Financial Reports Were Worthless Profit & Loss Reports showed massive income because Cost of Goods Sold (COGS) accounts were understated. This One Bookkeeper Error Caused the contractor to OVERPAY HIS ANNUAL INCOME TAX. The Key Colum - Is the Percentage (%) of Income.

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Starting Profitable Construction Company Unique Secrets Revealed

Contractor Bookkeeping

Always, always keep your commercial banker updated about any major changes that may affect your business or personal finances. 3 Your Income Tax Return Preparer. You can learn a lot about investing and run some scenarios that will show you how much income you will need to retire and develop an action plan.

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We Reduce Construction Company Start Up Stress

Contractor Bookkeeping

Did You Use Your Personal Credit Cards - And supplier accounts to finance your new business and perhaps you were not careful about what you bought? 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. You say O.K.

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Unique Tips To Reduce Construction Company Start Up Stress

Contractor Bookkeeping

Use Credit Cards - And supplier accounts to finance your new business and be very careful about what you buy. Tax Advantages For LLC or a Sub S - The profit or loss from your business is passed through to the owners as normal income. All large income and expenses go through one account and keep the debit card in your personal safe.