Contractor Bookkeeping
AUGUST 6, 2014
According to the FBI [link] in 1931, the IRS took down the alleged gangster Al Capone by “Reverse Engineering” his financials using some of the tools provided by The Risk Management Association. Using the information gathered the IRS was able to make a compelling case from the bottom up of his annual income.
Contractor Bookkeeping
JULY 24, 2014
Unfortunately, every struggling construction company has one thing in common, they truly believe bookkeeping is an overhead and therefore a cost to be reduced and if all possible eliminated. For construction accountants like us it is a "no brainer" that every successful and highly profitable construction company owner follows these rules.
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Contractor Bookkeeping
JUNE 11, 2013
QuickBooks File And The IRS is something you should be aware of and how important it is more than ever to have everything in your QuickBooks clean and up to date. Regular accounting, bookkeeping and contractors bookkeeping and accounting is not something they should be doing. Tax Accounting i s important and so is the tail on a dog!
Contractor Bookkeeping
AUGUST 29, 2014
Outflows for your Construction Company are generally the result of paying labor, material, other direct and indirect costs of goods sold and overhead expenses. Profit is a useful figure for calculating your taxes and reporting to the IRS. Please contact us and we can help you with it. Is Cash Flow The Same As Profit?
Building Information Management
SEPTEMBER 18, 2015
The contractor’s coefficient is based on cost elements such as overhead, profit, minimum design costs, G&A expenses, bond premiums, and gross receipt taxes. Interagency usage can serve to reduce the overhead associated with multiple acquisitions. These contracts have much of their pricing determined by pre-award competition.
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