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When Being A Licensed Contractor Is Just Not Enough!

Contractor Bookkeeping

If you hire a 1099 Contractor (Specialty or Trade Contractor) they just become your employee in the eyes of the tax agencies. The common factor is they are all concerned about tax revenues and unlicensed construction contractors. Why do you if you are just going to 1099 them? Pay unemployment tax.

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Contractor's Secretary Does Everything Including Bookkeeping!

Contractor Bookkeeping

Some Contractors Hire Part Time Secretaries to do everything including construction bookkeeping and then wonder why their company debts keep growing and crushing them. The thinking appears to be: "I have low price work so I need to cut costs by hiring a part-time secretary that can do everything including my construction bookkeeping.

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Why Bookkeepers Embezzle And Steal From Your Construction Company

Contractor Bookkeeping

Bad Bookkeeper embezzlement stems from a feeling of entitlement and the need to get even. Listed below are some of the reasons bookkeepers have used to explain why they did it: #01 “I’m really not 100 percent sure why I did it. 02 "I hate bookkeeping, anyway.". #03 04 "I am not getting a fair shake at work.". #05

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Outsourcing Contractor Bookkeeping Services Vs. Jobs

Contractor Bookkeeping

In addition, a lot of in-house bookkeepers are a part of the problem, fighting back hard at the thought of letting any jobs or control goes to someone else. First, separate in your mind the concept of outsourcing contractor bookkeeping services and jobs because they are not the same thing. Sales Tax Returns.

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Unique Technology Processes Reduces Construction Labor Costs

Contractor Bookkeeping

Your ability to look beyond the initial statement and understand the hidden meaning why successful contractors adapt to change in order to survive and thrive will serve you well. A Blinding Flash of the Obvious (BFO) occurred to me this morning while contemplating something worthwhile to share with you! A Constantly Changing Environment.

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Starting Profitable Construction Company Unique Secrets Revealed

Contractor Bookkeeping

Tell them you are working with a construction accountant that is involved with the bookkeeping and accounting and that you have a totally separate firm that prepares your Annual Federal Tax Return. Just Over Broke) into a real company with employees who actually generated more money than they cost. Begin it now.".

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Unique Construction Company Financing Secrets Revealed

Contractor Bookkeeping

Multiply That By 100,000 And You Will Begin To Understand Why Banks Seem So Tight Fisted About Loaning Money. 2 The financials tell the banker your bookkeeper doesn''t understand Construction Accounting. #3 3 The preparer''s signature on the annual tax returns are not from a qualified tax specialist. #4

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