Contractor Bookkeeping

APRIL 7, 2023

Learn the top reasons why small businesses end up in bankruptcy and what you can do to prevent that from happening to you. You must have more money coming in than is going out, or you're on the express train to bankruptcy. Poor cash flow Not bringing enough money in is the main reason why businesses fail.

Bankruptcy 107

Bankruptcy Cash Flow Construction Income 107

Buisness Facilities Contributed Content

APRIL 15, 2014

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 tax for existing entities accrues as of Jan. The rates range from $.25

Income 108

Income Finance Zoning Employment 108

Contractor Bookkeeping

JULY 27, 2012

Bad Numbers - Lead to bad decisions / cash shrinks / business unstable / bankruptcy or failure. Bankruptcy - Result of saving money on bookkeeping and making decisions on garbage reports. BCA Business Coach - Someone who helps you raise your level of thinking and income. Income - Working for daily money.

Contractors 64

Contractors Cash Flow Construction Accounting 64

Buisness Facilities Contributed Content

MARCH 21, 2014

INCOME TAX CAPITAL CREDIT: Currently codified as Article 7, Chapter 18, Title 40, Code of Alabama 1975. It is a credit of five percent of the capital costs of a qualifying project, to be applied to the Alabama income tax liability or financial institution excise tax generated by the project income, each year for 20 years.

Income 75

Income Finance Zoning Equipment 75

Contractor Bookkeeping

JUNE 11, 2013

1 External Tax Accounting purpose is to report income to the government by preparing tax forms and making certain you pay your fair share of taxes and if you have bad bookkeeping perhaps a little extra. If the contractor believes the company is undercharging they may raise bid prices, lose jobs, eventually run out of cash and file bankruptcy.

Accounting 48

Accounting Bankruptcy Profitability Contractors 48

Buisness Facilities Contributed Content

JULY 3, 2013

In the midst of the Recession, nearly two-thirds of the 50 states were teetering on the edge of bankruptcy. Mike Pence proposed using any surplus to pay for a 10 percent cut in state income taxes; the Legislature is opting for a 5 percent tax cut and setting aside the rest for other purposes. In Indiana, Gov.

California 51

California North Dakota Connecticut Wisconsin 51

Contractor Bookkeeping

AUGUST 6, 2014

Using the information gathered the IRS was able to make a compelling case from the bottom up of his annual income. Each major category, Sales, Cost of Goods Sold, Overhead, Other Expenses and Other Income are rated on a scale of top 25%, middle 50% and bottom 25%. The rest as they say is history. Altman published it in 1968.

Finance 49

Finance Accounting Construction Banking 49