Income Inventory Profitability Security 
Contractor Bookkeeping
AUGUST 11, 2014
The banker said his Profit & Loss, Balance Sheet did not look right to him. His banker was a blunt and told him that if he wanted to stay in the construction business he needed to have accurate Profit & Loss, Balance Sheet and Job Costing Reports. This One Bookkeeper Error Caused the contractor to OVERPAY HIS ANNUAL INCOME TAX.
Buisness Facilities Contributed Content
MARCH 8, 2016
A minimum of 60% of the jobs created must be filled by low and moderate income persons. No Inventory Tax. No Broad-base Income Tax. The credit is $1,000 for any new, full-time year-round jobs applied to the Business Enterprise Tax; any unused portion of the credit can be applied to the Business Profits Tax. No Sales Tax.
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Contractor Bookkeeping
SEPTEMBER 20, 2013
No Inventory Reporting. QuickBooks Online is a great program for small companies including some non-profit organizations but it is not suited for a serious construction contractor with more than two projects a month and generating more than $500 a year in sales. Profit & Loss statement anytime YOU want it! Payroll Issues.
Contractor Bookkeeping
FEBRUARY 14, 2014
It has always been and will likely always be that: 95 out of 100 contractors will earn less than 3% net profit. 4 out of 100 contractors will earn between 3%-15% net profit. 1 out of 100 contractors will earn in excess of 15% net profit. profit went straight to the bottom line. What about security? & P.A.M.".
Pro Builder
NOVEMBER 1, 2022
A low unemployment rate (3.5%, the lowest rate since the 1960s ), strong household balance sheets, increased consumer spending on services, and still-positive corporate profits, he says, are bolstering and balancing the economy. We will see rising inventory, fewer transactions, and probably falling home prices.”. in early October.
Pro Builder
JUNE 12, 2020
But when it comes to land inventory strategies, most builders seem reluctant to rely on a “just-in-time” model to acquire land as needed for immediate construction. Certainly, publicly traded home builders have pivoted to land-light business models that allow them to forgo owning years’ worth of land inventory. In the Real World.
Buisness Facilities Contributed Content
APRIL 15, 2014
Inventory is exempt from property tax. 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 rates range from $.25 25 to $1.75
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