Net Profit Construction

What is a Good Net Profit for a Construction Company?

ByconstructBalancesMay 28, 202423 min read

In the construction industry, the net profit is one of the critical metrics for evaluating a company’s financial health. Net…

Contractor Banking

Do I need a separate bank account as an independent contractor?

ByconstructBalancesMay 28, 202416 min read

Are you an independent contractor in the United States? If so, you may be wondering whether it’s necessary to open…

Capitalized Costs

What Construction Costs Can Be Capitalized?

ByconstructBalancesMay 28, 202416 min read

Construction projects involve various costs, and project managers must understand which costs can be capitalized. Capitalizing costs involves treating expenses…

Contractor Record Keeping

What Should an Independent Contractor Keep Track Of?

ByconstructBalancesMay 28, 202419 min read

As an independent contractor, it’s important to keep accurate records of your financial transactions and project-related activities. Maintaining detailed records…

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