5 Reasons to Work with a Construction Accounting Expert
Are you a contractor feeling overwhelmed by construction accounting? You’re not alone. Many construction companies struggle with managing project budgets and navigating complex tax regulations. It’s enough to give anyone a headache! That’s where a contractor accountant comes in. These financial wizards specialize in accounting for contractors and construction companies. They help you manage your […]
What Tools and Resources Are Available for Managing Your Business’s Bookkeeping?
Running a business requires juggling many hats. From marketing and sales to operations and customer service, keeping everything running smoothly can feel overwhelming. But one of the most critical aspects of business success often gets relegated to the back burner: bookkeeping and accounting. Fortunately, you don’t have to become an expert overnight to take control […]
How Should I Pay Myself as a Business Owner in the Trades?
Running a successful trade business requires a lot of juggling. You’re the estimator, the project manager, the crew leader, and sometimes even the cleanup person. However, one of the most important hats you wear is that of a business owner, and that comes with a crucial question: How do you pay yourself? This might seem […]
How Do I Prepare and File My Personal Tax Return as a Contractor?
Today, we’re tackling a subject that’s crucial for many of our clients at Level Accounting Firm: preparing and filing personal tax returns for contractors. Navigating contractor taxes can seem daunting at first, but with the right guidance, you can smoothly sail through the process. Let’s break it down into manageable steps to ensure you’re well-prepared […]
Why Should Contractors Consider an S-Corp Election?
Understanding the S-Corp Election In business entities, the S-Corporation (S-Corp) stands out as a popular choice for many small to medium-sized businesses, including contractors. But what exactly is an S-Corp election, and why should contractors give it serious consideration? In this guide, we’ll delve into the intricacies of the S-Corp election, its benefits, and why […]