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10 Contract Terms for Higher Profitability

PSMJ Resources

With an uncertain economic climate, the emphasis on solid contract terms is increasingly vital to a firm''s financial success. Most clients are demanding more work for lower fees, and firms that do not reexamine the terms of their contracts usually find themselves without enough income to break even, let alone make a profit.

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Tax Reform Impact on Employers and Employees

Revit OpEd

Repeal of employee deduction and income exclusion for moving expenses: Under current law (Code Section 132(a)(6) and (g)), an employee can exclude qualified moving expense reimbursements from gross income. Certain of these expenses are not deductible unless, in aggregate, they exceed 2% of the employee’s adjusted gross income.

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Service Agreements Can Improve Contractors Cash Flow And Profits

Contractor Bookkeeping

They may call your contracting company for future work or they may decide to shop the competition and use the information they find to negotiate for a lower price. The Balance Sheet is the summary report which shows all of the assets minus the liabilities which equals the "Book Value" or owner''s equity.

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Oregon Incentives and Workforce Development Guide

Buisness Facilities Contributed Content

These bonds finance job creation and business growth for Oregon traded-sector, value-added manufacturers and processors by providing long-term debt financing for land, buildings and other fixed assets at a rate below prime. Qualifying businesses may receive a credit against the business’ annual state income or corporate excise tax liability.

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Unique QuickBooks Setup For Contractors

Contractor Bookkeeping

Let us handle your QuickBooks setup for your contracting company because accurate QuickBooks contractor reports are what profitable contractors use to help them steer their construction company through the ups and downs of the business cycle. Chart of Accounts Payroll Tax Liabilities. Chart of Accounts Bad Debts.

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Xero Accounting Online Setup Errors Fixed Fast And Easy!

Contractor Bookkeeping

It makes sense to contract out the tasks you are not familiar with like Xero Accounting Online Setup or QuickBooks Setup because it is a lot harder than they salespeople and the marketing hype would have you believe. Chart of Accounts Payroll Tax Liabilities. Chart of Accounts Bad Debts. Chart of Accounts Insurance Liability.

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State by State Incentives Guide

Buisness Facilities Contributed Content

Income Tax Capital Credit: The Income Tax Capital Credit has been available since 1995. The credit is available to all types of business entities, including: S corporations, C corporations, limited liability companies (LLCs), partnerships, trust and sole proprietorships. The tax for existing entities accrues as of Jan.

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