Contractor Bookkeeping

JUNE 22, 2012

Business Structure - Is typically Sole Proprietor which means they pay more income tax than they should and everything they own is at risk. Generally work on small projects and develop relationships with their customers so the overall risk of being sued is low and contractor liability insurance will cover most issues.

Construction 48

Construction Income Accounting Contractors 48

Buisness Facilities Contributed Content

APRIL 15, 2014

To receive an abatement for property taxes, a project must meet certain qualifications and follow certain procedures, as determined by law and regulation. Income Tax Capital Credit: The Income Tax Capital Credit has been available since 1995. The rates range from $.25 25 to $1.75 for each $1,000 of net worth in Alabama.

Income 108

Income Finance Zoning Employment 108

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

Job Order Contracting

SEPTEMBER 12, 2018

Check throw regulator and spring assembly for tightness. Visually inspect ground area beneath equipment to insure no sharp objects and that the ground surface cushioning is adequate for the piece of equipment. Check operation of safety switches to insure they have not been by-passed. On rotating types: a. Replace if necessary.

Inspections 100

Inspections Equipment Electrical Safety 100