As the owner of an HVAC business, you know the importance of maintaining an accurate inventory and professional staff to satisfy your customers' heating, ventilation, and air conditioning needs. This is something that's critical year-round, so when do you find the time to settle down and handle your accounting and payroll? Have you ever considered outsourcing them to save you time and help you avoid costly mistakes?
We’re in the midst of a construction boom. That’s great news for trade-based businesses, such as construction companies, electricians, and plumbers, but finding the talent to match the demand during these booms can be a huge challenge for any employer.
Choosing a permissible method of accounting for tax purposes for your construction business involves classifying your contracts and business. As your construction business grows and changes, you may benefit from using a different method of accounting.
You should review the following three steps every year to ensure that you are using the right method of accounting for your construction contracts.
