Levelset

OCTOBER 14, 2022

Plumbing contractors should include business insurance as an integral part of their financial strategy. With numerous policies available, the plumbing contractor’s insurance landscape offers many ways for you to protect your physical and financial business assets. What is plumber’s insurance? Worker injury.

Insurance 52

Insurance Liability Injury Compensation 52

Construction Business Owner

AUGUST 18, 2011

INSURANCE |. In a way, a surety bond is like insurance; it is a three-part agreement between the contractor, the organization requiring the bond (e.g. Other common reports bonding agents will look at include income statements, balance sheets, statements of cash flow, and job specific invoice aging reports.

Cash Flow 168

Cash Flow Software Software Accounting 168

Construction Business Owner

SEPTEMBER 27, 2011

INSURANCE |. If a business is unprofitable in 2011, and has no taxable income to use the deduction, that business can elect to use 100% Bonus Depreciation and carry-forward to a year when the business is profitable. foundation. foundation software. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |.

Construction 180

Construction Software Software Accounting 180

Contractor Bookkeeping

JUNE 20, 2014

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.

Insurance 48

Insurance Construction Accounting Claims 48

Contractor Bookkeeping

JANUARY 2, 2015

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. All large income and expenses go through one account and keep the debit card in your personal safe. Insurance - Is critical to your construction company.

Construction 48

Construction Insurance Accounting Claims 48

Contractor Bookkeeping

JUNE 22, 2012

So we tend to mentor contractors in the early phases until they get the financial foundation in place and start making money. 1 Commercial Banker - Someone to help you manage cash flow and put your cash to work earning interest with sweep accounts and other banking tools. We really appreciate working with C.P.A.'s

Profitability 48

Profitability Contractors Accounting Banking 48

Contractor Bookkeeping

OCTOBER 4, 2013

Education is the foundation for shifting paradigm. 3 Your Income Tax Return Preparer. A good commercial attorney will draw up employment agreements, construction contracts, review insurance policies and more. Cash flow issues kill contractors even though they have profit. I used to believe only a C.P.A.

Profitability 48

Profitability Construction Accounting Cash Flow 48