Bookkeeping

Although accounting is a broad concept, financial and managerial accounting are two of the most commonly used methods. They serve different purposes and often work together to represent a business’s correct financial outlook. However, to ensure informed decision-making, it’s necessary to understand the differences between financial and managerial accounting. Financial accounting, on the other hand, …

Financial Accounting vs Managerial Accounting: Whats the Difference? Bay Atlantic University Washington, D.C. Read More »

A tax professional can help construction companies identify tax deductions and credits that they may be eligible for, which can help reduce their tax liability. Additionally, a tax professional can help construction companies stay up-to-date with changing tax laws and regulations. Just as you have project managers overseeing each job site, it might make sense …

9 Essential Steps for Setting Up a Construction Accounting System Read More »

A reputable business advisor can also play a crucial role in ensuring that you make informed decisions, whether you are selling or buying a business. At N3 Business Advisors, we help business owners and entrepreneurs exit their business, achieving superior outcomes and premium valuations. It goes beyond simply recording transactions, offering insights into your company’s …

Bookkeeping for Construction Company: A Guide to Financial Clarity and Success 2023 Read More »

However, these rates may vary depending on the size of your company, the number of jobs and employees you manage, and your unique needs. The first step for all construction firms is to open a separate business bank account that will be used exclusively for your business. Below are the key ways in which construction …

Building Success: The Essential Role of Accountancy in the Construction Industry Read More »

The Internal Revenue Service (IRS) mandates that employers keep W-2 forms for at least four years. This period starts from the due date of the tax return or the date the return was filed, whichever is later. Whether your employees prefer direct deposit, checks, or pay cards, ConstructionPayroll.com has you covered. We Pick up our …

Records Retention in Construction Payroll: A Guide to Compliance Read More »