Levelset

MAY 2, 2022

Contractors trying to grow their business and take on larger projects often struggle to manage their cash flow to purchase the materials they need. Many contractors use trade credit to delay paying for materials and keep more cash in their pockets. Get materials now, keep your cash. Provide a plan. Learn More.

Negotiation 52

Negotiation Materials Cash Flow Finance 52

Levelset

JUNE 6, 2022

The rate of retention is stipulated in the construction contract and can often be negotiated. The invoice is recorded in the chart of accounts with a credit to the income account for $100,000, a debit of $90,000 to accounts receivable, and a debit of $10,000 to retention receivable.

Accounting 98

Accounting ABC Banking Liability 98

Contractor Bookkeeping

JUNE 15, 2012

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.

Contractors 48

Contractors Insurance Claims Lien 48

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. Lessons You Will Learn The Easy Way.

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. Partnerships Are The Only Ships - Designed to sink.

Construction 48

Construction Insurance Accounting Claims 48

Contractor Bookkeeping

OCTOBER 4, 2013

Negotiate a fair deal that allows the bank to get something and you get something, a win-win and you will find more great deals coming your way in the future. 3 Your Income Tax Return Preparer. Cash flow issues kill contractors even though they have profit. Poor scheduling affects production and cash flow.

Profitability 48

Profitability Construction Accounting Cash Flow 48

Buisness Facilities Contributed Content

APRIL 15, 2014

Income Tax Capital Credit: The Income Tax Capital Credit has been available since 1995. The enterprise zone credit is equal to $2500 per permanent new employee and can be applied against the income tax and/or business privilege tax liability. The tax for existing entities accrues as of Jan. The rates range from $.25

Income 108

Income Finance Zoning Employment 108