recommended accounting method for a construction business

Which method of accounting is recommended for a construction business?

ByconstructBalancesMay 28, 202419 min read

As a construction business owner, understanding the most suitable accounting method for your specific needs is crucial. Choosing the right…

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…

Financial Management Responsibility

Who is Responsible for Financial Management in a Construction Company?

ByconstructBalancesMay 28, 202422 min read

Financial management is an integral part of the operations of any company. In construction companies, effective financial management is critical…

Tax Savings

How much money should I set aside for taxes as an independent contractor?

ByconstructBalancesMay 28, 202417 min read

As an independent contractor, tax savings should be at the forefront of your financial planning. Unlike employees, contractors are responsible…

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