NH Construction Law

OCTOBER 22, 2023

It happens this way: A contractor or subcontractor borrows money from a lender, and as security for the loan it gives the lender an assignment of or lien on its receivables and contract rights. Any subsequent square-up was between lender and borrower, and not the account debtor’s concern.

Security 40

Security Contract Accounting Construction 40

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.

Insurance 48

Insurance Construction Accounting Claims 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

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

Buisness Facilities Contributed Content

MARCH 21, 2014

INCOME TAX CAPITAL CREDIT: Currently codified as Article 7, Chapter 18, Title 40, Code of Alabama 1975. It is a credit of five percent of the capital costs of a qualifying project, to be applied to the Alabama income tax liability or financial institution excise tax generated by the project income, each year for 20 years.

Income 75

Income Finance Zoning Equipment 75