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Are travel and living expenses deductible from the income of construction workers who go from one community to another to work?
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What is the completed contract basis method of accounting and why is it sometimes used?
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There is a financial tool that helps business owners manage costs, make better pricing decisions, and improve profits. It's called breakeven analysis. The breakeven point is the sales volume at which a business neither makes a profit nor incurs a loss.
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Construction is fast-paced and involves remote sites. A lot of money that belongs to others passes through a company's books. Capturing this information with a good accounting system and accurately interpreting it is essential.
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Working capital turnover, the ratio of net revenues to working capital, indicates how efficiently a company is using working capital.
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Rent, lease, or own? It's only natural to rely on a combination of all three methods, renting equipment for one-time or short-term jobs, and buying for long-term jobs. Determining just the right mix, however, requires careful evaluation of your business position.
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When determining the true cost of a concrete repair project, owners must consider the financial impact of shutting down a structure to perform the work.
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Daily reports help superintendents and project managers track job progress and subcontractor performance. If you are a subcontractor, daily reports can document interferences by the general contractor or other subcontractors. Estimators can use daily reports to price future similar projects. Daily...
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Keep an eye out for those often overlooked ways to cut your tax bill. It’s very simple: the more tax deductions your business can legitimately take, the lower its taxable profit will be.
Foundation for Windows 6.6 is a Microsoft SQL-based construction accounting application.
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The Energy Policy Act of 2005 (EPAct 2005 H.R.6) created tax incentives for energy-efficiency measures in buildings or systems placed in service from Jan. 1, 2006 through Dec. 31, 2008.
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The House by a vote of 263 to 171 passed the Emergency Economic Stabilization Act (EESA) of 2008. The bill now goes to President Bush, who is expected to sign it promptly. AGC members led the charge. AGC was one of the first business groups to become engaged in the debate. We greatly appreciate our...
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Are you tired of fixing the engine on that old loader?
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A few weeks ago USGBC spearheaded the development of a letter sent to several key Senators on proposed changes to the tax deduction for energy-efficient commercial facilities.
The balance sheet presents the financial position of an organization at the end of a specific date.
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The Concrete Reinforcing Steel Institute (CRSI) is pleased to announce the appointment of Kim Michael-Lee, CPA, as Chief Financial Officer.