Viewpoint Construction Technology
JULY 7, 2017
No words can send a chill down the spine of a construction business owner faster than, “IRS tax audit.” And if your system is old, you might not be billing on time, so where is your cash flow? Which brings us back to IRS audits and employee embezzlement. Other than maybe, “embezzlement.”. And many people do.
Contractor Bookkeeping
AUGUST 29, 2014
Cash flow is the lifeblood of any construction company and especially the ones with annual sales volume under $1,000,000. Some construction Company experts even say that a healthy cash flow is more important than your contracting company''s ability to complete projects! What Makes Up Your Construction Company Cash Flow?
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Building Radar
NOVEMBER 11, 2024
Capitalizing construction loan interest can have significant implications for project budgets, cash flow, and tax deductions. Capitalizing construction loan interest can reduce taxable income and improve cash flow by spreading the interest costs across the asset’s life, which is particularly advantageous in long-term projects.
Contractor Bookkeeping
SEPTEMBER 25, 2013
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? Washington State Resellers Permit saves money and increase cash flow: [link]. Is your #1 Favorite Customer adding / taking profits or cash flow? Who is your Best Customer?
Contractor Bookkeeping
JULY 30, 2014
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. Builders do not properly use WIP and therefore pay Higher Taxes. Tax Accountant: Your Tax Accountant can only work with the data that you give them. Warm Regards, Need Help Now?
Construction and Infrastructure Law
APRIL 6, 2022
Add in another layer of complexity with the DOL’s current proposals, and contractors would be not only at risk of exposure to wage underpayments, but also at risk of credit-eligibility challenges by the IRS. Similar concerns are being raised in response to the recent introduction of the Clean Energy for America Act.
Construction and Infrastructure Law
APRIL 6, 2022
Add in another layer of complexity with the DOL’s current proposals, and contractors would be not only at risk of exposure to wage underpayments, but also at risk of credit-eligibility challenges by the IRS. Similar concerns are being raised in response to the recent introduction of the Clean Energy for America Act.
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