Lưu trữ Danh mục: Bookkeeping

If the corporation receives its mail in care of a third party (such as an accountant or accounting advisory an attorney), enter “C/O” on the street address line, followed by the third party’s name and street address or P.O. Rental of property is incidental to an activity of holding property for investment if both of […]

If you don’t file your tax return by the deadline (and haven’t filed for an extension), the penalty is 5% of the tax due for each month that return is late. It entirely depends on whether you were late filing or late to pay your taxes (or both) because the IRS has separate penalties cash […]

One significant issue is the complexity of job costing, which requires precise tracking of expenses related to various projects. Inaccurate allocation of costs can lead https://blackstarnews.com/detailed-guide-for-the-importance-of-construction-bookkeeping-for-streamlining-business-operations/ to financial discrepancies and affect profitability. Through regular, up-to-date financial reports, contractors gain a clear understanding of their business’s performance. These insights allow contractors to adjust project plans, manage […]

The Davis-Bacon Act (DBA) is a United States law that requires employers to pay prevailing wages—the regional minimum pay requirement—on public works projects for laborers and mechanics. Construction payroll wages can vary greatly depending on the location of the job, the size of the job, and the individual skill level of the employee. Common construction […]

For those who have questions or require assistance with real estate accounting, CPA Street is available to provide expert guidance and support. However, certain pitfalls can compromise the integrity of financial records. Recognizing and addressing these pitfalls is paramount for accurate real estate accounting. The real estate sector is rapidly evolving, with technology playing a […]

What’s more, accounting for construction company finances has some unique challenges compared to other types of businesses. They are financial experts with a comprehensive understanding of the unique challenges and nuances faced by the construction industry. From job costing and progress billing to lien waivers and change orders, they handle the financial intricacies so you […]