As a contractor, it's important to keep track of sales tax when buying construction materials.
As a contractor, you want to ensure you follow all the tax rules and regulations, especially choosing the proper accounting method to report your income and expenses. One of the most common methods contractors use is the cash method of accounting.
Running a small business can be challenging, but keeping your finances organized doesn't have to be. With these bookkeeping tips, you can stay on top of your financial records and make informed decisions about your business.
As a construction business owner, it's important to keep a close eye on your cash flow. Even if you're making a healthy profit on a job, if expenses start to outweigh revenue, it can put a strain on your finances.