Remove Income Remove Inventory Remove Liability Remove Resource
article thumbnail

West Virginia Incentives and Workforce Development Guide

Buisness Facilities Contributed Content

Commercial Patent Incentives Credit: The Commercial Patent Incentives Tax Credit can offset up to 100% of the corporation net income tax, or in the case of individual taxpayers, the personal income tax. The exemption does not apply to inventories of raw materials or goods in process.

article thumbnail

STATE FOCUS: Kansas Focuses On The All-Around

Buisness Facilities Contributed Content

The state recognizes that small businesses are critical to the economy and recently eliminated income taxes for many small organizations. Kansas also has no personal property tax, no inventory tax and no franchise tax. Aggressive local incentives, based on the quality of jobs, and state incentives, including income tax credits.

Kansas 45
professionals

Sign Up for our Newsletter

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

article thumbnail

QuickBooks Online Converted To QuickBooks Contractors Desktop Online

Contractor Bookkeeping

No Inventory Reporting. Assets - Liabilities) = Equity. -. Breakeven - Is fairly easy to calculate because there is a direct relationship between income and expenses on every item. Think of it like shooting a movie on location without all the glamor, resources and money to go with it. Payroll Issues. Importing IIF Files.

article thumbnail

State by State Incentives Guide

Buisness Facilities Contributed Content

Alabama Innovation Fund: As part of the implementation of Accelerate Alabama, this fund was created to maximize the use of the State’s economic development resources by leveraging annual research and development expenditures by Public Universities within the State to generate resources which can be used to support economic development initiatives.

Income 108
article thumbnail

STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

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
article thumbnail

Feature Story: 2016 Economic Development Awards

Buisness Facilities Contributed Content

With such a large inventory of bridges and a sizeable backlog of repair needs, we looked to innovative solutions to address the problem,” said PennDOT Secretary Leslie S. The arrival of SolarCity, the country’s leading rooftop solar installer, was brought about by incentives worth about $750 million. ACHIEVEMENT IN SMART GRID MODERNIZATION.

Indiana 40
article thumbnail

Custom Home Builders Have Unique Bookkeeping Needs

Contractor Bookkeeping

For a short while the deposit is actually a liability not income until the part is futher along in the process. Custom Home Builders - Who also do some remodel work, buy houses for rental inventory and buy houses to fix up and sell, house flippers, create special problems for regular bookkeepers. We know what to do!