The main benefit of charging a client in milestone payments is that you don’t need to wait until you fully complete the job to get paid. Several factors impact your tax liability, including your revenue recognition method, project type, and business structure. Traditionally, the construction industry used the percentage of completion method, which recognized revenue …
Understanding a chart of accounts in construction Read More »
Select the checkboxes that correspond to your student loan plan(s). Choose from Plan 1, Plan 2, Plan 4, Plan 5, or Postgraduate Loan. This ensures accurate deductions based on your student loan repayment plan. This field requires you to enter your total annual income before any deductions. Choose the number of dependents you have, excluding …
Generally speaking, bookkeepers help collect and organize data and may have certain certifications to do so for your business. On the other hand, accountants are generally equipped with an accounting degree and may even be state-certified CPAs. You can expect most bookkeepers to maintain the general ledger and accounts while the accountant is there to …
10 Best Bookkeeping Courses for 2025: Keep Track of Money Read More »
