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Scammers are calling all kinds of people and business owners claiming to be from the IRS. This has been a popular and from all indications a very profitable swindle because it appears to be getting worse. Contractors Are Prime Targets For IRS Scams. If it’s an email, forward it to the IRS at phishing@irs.gov.
You Want Money; Banks Want To Lend Money, What''s The Problem? Multiply That By 100,000 And You Will Begin To Understand Why Banks Seem So Tight Fisted About Loaning Money. Banks stay in business is by loaning money and earning interest. Think of all the times: You loaned money to a friend or relative. Five Red Flags To Avoid.
IRS Taxes : When you entered into the contract, was this person responsible for filing a tax return with the IRS for his or her business? Making "A Profit" and Having Real "Money Left Over" is how you are able to the things you want to do in life. Is your #1 Favorite Customer adding / taking profits or cash flow?
The Strategic Side Of Your Construction Business - Bookkeeping, monthly and quarterly tax returns, sales tax returns, Labor and Industries payroll tax returns, reconciling the checking account with the bank to know how much cash is available, paying bills and collecting money gets in the way of the real work; the tactical side.
One of the most profitable business resolutions you can make is to start out the New Year by converting your construction company to an S-Corporation because it could reduce your tax burden! Do you see growth in sales and profits in the coming months and years? Do you want to grow your sales and profits?
There is a lot of information to be gained when you compare this year’s Profit & Loss to the prior year because it will alert you to trends early enough to respond rather than reacting after it is too late and help establish profit and sales goals.
Is Cash Flow The Same As Profit? While they might seem similar, profit and cash flow are two entirely different concepts, each with entirely different results. The concept of profit is somewhat broad and only looks at income and expenses over a certain period, say a fiscal quarter. Analyzing Your Construction Company Cash Flow.
One of the most profitable business resolutions you can make is to start out the New Year by converting your construction company to an S-Corporation because it could reduce your tax burden! Do you see growth in sales and profits in the coming months and years? Do you want to grow your sales and profits?
They work very hard to keep on top of the latest changes to the IRS Tax Code. The IRS Tax Code is similar to the OSHA Book – Thick and has Tiny Print. Fast Easy Accounting translates Builder Documents Into Usable Reports for better profits. Builders do not properly use WIP and therefore pay Higher Taxes.
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. Construction accountants think holistically because Job Costing Reports are not the same as Profit and Loss reports. Job Costing Reports are accumulated horizontally.
Export-Import Bank; U.S. 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. Economic Revitalization Zone Tax Credits (ERZ): Tax credits against the business profits and enterprise taxes.
If you don''t have time to make sure you''re getting paid as well as keeping your customers, employees, suppliers and IRS happy, you are sitting on a ticking time bomb. Many contractors overpay or even pay a bill twice because they don''t have good records or an accurate bank balance in QuickBooks. Are you missing important deductions?
These bonds are issued within the State’s IRS allocation of tax-exempt bond financing. The business must provide a bank “letter of credit” to guarantee payment of the bonds. Small Business Non-Profit Energy Audit Program: A matching grant that provides for a level 2 energy audit up to a maximum of $2,500.
CAPCO financing, an alternative to conventional bank financing, can accommodate a slightly higher risk profile and provide a more flexible structure for growing businesses. The incentive is available for non-retail businesses engaged in commerce for profit that fall into certain categories. TAX INCENTIVES.
CAPCO financing, an alternative to conventional bank financing, can accommodate a slightly higher risk profile and provide a more flexible structure for growing businesses. The COMMERCIAL FISHING AND AGRICULTURE BANK provides loans to fishing, tourism, natural resources and agriculture-based projects.
IR Cameras. Maximizing profit in a tight economy. Can Your Company Afford to Be a Bank? Hydronics Hydronics Systems. Radiant Heating. Green Geothermal. Green Mechanical Awards. Bath/Kitchen Faucets. Remodeling. Technology GPS. PCs/Tablets. Smartphones. Tools Apparel. Cordless Tools. Hand Tools. Trucks Alternative Fuel Vehicles.
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