Levelset

JUNE 6, 2022

Construction projects rely on contractors completing the work they started and meeting the design intent. Mehdian recommends companies use software specifically designed to track retention. Debit Credit Income $100,000 Accounts receivable $90,000 Retention receivable $10,000.

Accounting 98

Accounting ABC Banking Liability 98

Levelset

AUGUST 5, 2022

These tips are well-tested and designed to get your architecture company off to a successful start. Most architects start their own firms because they want to spend more time being creative and expressing their design ideas. Make sure that you have a realistic expectation of how much design work you’ll be able to do.

Architecture 52

Architecture Cash Flow Income Lien 52

Lets Build

JULY 11, 2017

The Lien Zone. A team of construction lawyers provides knowledge about different legal issues in the construction industry such as construction and engineering contracts, mechanics’ liens, insurance. Design and marketing podcast. They talk about how to build your industry using the right marketing, communication and sales tools.

Construction 167

Construction Industrial Housing Project Management 167

Levelset

AUGUST 4, 2022

Let’s take a look at the basics of cash flow and how architects can budget their expenses and forecast their income to stay in good financial standing. For custom residential design, Gray recommends 8% to 15% of the cost of the project as the design fee , depending on the complexity and scope of work. Cash flow basics.

Cash Flow 52

Cash Flow Budgeting Budget Forecasting 52

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

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

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. Partnerships Are The Only Ships - Designed to sink. All large income and expenses go through one account and keep the debit card in your personal safe.

Construction 48

Construction Insurance Accounting Claims 48