And when it comes to income taxes, the most important feature is that S corporations are taxed as pass-through entities under the federal tax code. Both are pass-through entities, meaning that they don’t pay corporate taxes. Both offer limited liability protection for their owners/principals, mean...

Sort of a “corporate lite” structure, they are easy to establish and simpler to maintain than regular C corporations. Some S corporations, especially those with more complicated tax situations, may choose to have their annual tax returns completed by a professional, such as a tax preparer or an ...

A failure to expedite workflows and fulfill obligations results in poor resource management and severe legal consequences. Developing an efficient strategy aimed at eliminating delays requires optimizing the budget and allocating the available finances wisely to maintain a constant money flow. They ...

Unfortunately, it’s not as simple as agreeing on compensation with a worker and paying them the same rate per project. The more projects your construction company manages and the more workers you contract, the more important it is to have your accounts in order. Construction companies should use a...

Contractor Foreman is great for smaller to medium-sized businesses looking for an all-in-one tool to manage projects, track costs, and keep accurate financial records. Procore’s detailed project and financial management tools make it ideal for large or growing construction businesses managing mult...

Construction Bookkeeping Services are an essential aspect of managing finances in the construction industry, ensuring that businesses maintain accuracy, compliance, and profitability. The unique challenges of construction, such as fluctuating material costs, project-based accounting, and complex pay...