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Accounting for Retention Receivable & Payable: A Contractor’s Guide

Levelset

Both retention accounts are shown as current assets and current liabilities, respectively. According to Mehdian, a lot of contractors don’t record retention receivable or payable, especially those using Quickbooks accounting software. Plus, not recording retention payable leads to the understating of a company’s liabilities.

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Construction Business Owner Blogs

Construction Business Owner

SOFTWARE |. Software & Technology. « Considering New Accounting Software? Most of these contractors are considering an investment in equipment or software, and they want to know if it can actually help their construction business. Good on new and used equipment, including software. STRATEGY |. MANAGEMENT |.

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Obtaining the Proper Bonding for Government Jobs

Construction Business Owner

SOFTWARE |. Software & Technology. Other common reports bonding agents will look at include income statements, balance sheets, statements of cash flow, and job specific invoice aging reports. Is There No Free Lunch or Construction Software? Top 5 Trends in Construction Software. accounting software.

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GIVEAWAY #2: Procore Swag Pack

Construction Junkie

Giveaway #2 is live with a swag pack from construction management software, Procore! Comment on our Facebook contest post (tell me an app or a software that you use on the jobsite or the office to make your life easier) 3. Be sure to check back daily for 4 more giveaways this week. You have been entered to win!

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South Carolina Incentives and Workforce Development Guide

Buisness Facilities Contributed Content

The credit can be applied against either corporate income tax or the license fee. These credits are not limited in their ability to eliminate corporate income taxes and can potentially eliminate corporate income taxes for as long as 10 years from the year earned. of a company¹s investment in new production equipment.

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New Mexico Incentives and Workforce Development Guide

Buisness Facilities Contributed Content

In addition, a taxpayer who holds an interest in a qualified generating facility in New Mexico that files a corporate income tax return may claim a credit for 6% of the eligible generation plant costs of a qualified facility. The credit may be applied against the taxpayer’s gross receipts tax liability or compensating tax liability.

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State by State Incentives Guide

Buisness Facilities Contributed Content

Income Tax Capital Credit: The Income Tax Capital Credit has been available since 1995. The credit is available to all types of business entities, including: S corporations, C corporations, limited liability companies (LLCs), partnerships, trust and sole proprietorships. The tax for existing entities accrues as of Jan.

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