article thumbnail

Starting Profitable Construction Company Unique Secrets Revealed

Contractor Bookkeeping

There are a number of people who pass out advice on how to start a profitable construction company; however, very few have actually done it and fewer still had a clear understanding of where they were making or losing money and fewer yet have ever gotten past the point of owning a J.O.B. 3 Your Income Tax Return Preparer.

article thumbnail

We Work With CPA's, Bankers, Advisers To Increase Contractor Profits

Contractor Bookkeeping

They are excellent at reviewing your Key Performance Indicators and advising on profit and growth opportunities. #2 to prepare their business and personal annual income tax returns and certify business financial statements as needed for bonding companies and lenders. firms need to prepare the annual income tax returns.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Much for Your Retirement?

PSMJ Resources

There are some ESOPs and some Profit Sharing (only) plans, but the “traditional” fixed pension is definitely a thing of the past today. Firms incur expenses when they match all or a portion of employee contributions, or they make a contribution to the profit sharing part of the plan of some percentage of employee salaries.

article thumbnail

Wisconsin Incentives and Workforce Development Guide

Buisness Facilities Contributed Content

Brownfield Grants: Grants to local governments, businesses, non-profits and individuals for developing commercial and industrial sites that have been adversely affected by environmental contamination. Historic Preservation Tax Credit: State income tax credit for 20% of the qualified rehabilitation expenditures for eligible buildings.

article thumbnail

Built to Rent Is Booming, But Operational Challenges Loom for This Overheated Housing Sector

Pro Builder

High Income Millennials Are Becoming Lifestyle Renters Rather Than Homeowners. But because their main goal is instant profit, they likely aren’t building with as much concern for the longevity of the home or for the community design and how they will be amenitized, leased, and maintained over time. The Gold Standard in Built-to-Rent.

Housing 105
article thumbnail

#94:  Trump, Biden and the Construction Industry

NH Construction Law

The rule would test whether a worker is in business for himself or herself (independent contractor) or is economically dependent on a putative employer for work (employee), by focusing on the nature and degree of the worker’s control over the work and the worker’s opportunity for profit or loss based on initiative and/or investment.

article thumbnail

State by State Incentives Guide

Buisness Facilities Contributed Content

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