This week we presented at the Minnesota Mechanical Contractors Association.
ACCOUNTING & TAX TIPS FOR NEW BUSINESSES
A presentation about accounting/bookkeeping basics, cash flow analysis, and tax compliance for new businesses.
This week we presented at the Minnesota Mechanical Contractors Association.
A presentation about accounting/bookkeeping basics, cash flow analysis, and tax compliance for new businesses.
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The main goal of ASC 606 was to create a similar revenue recognition policy and calculation across all industries. The construction industry, which has historically had its own guidance and industry practices, is no exception.
Good accounting systems and practices are important tools for managing any construction business
Success in the construction industry requires the ability to cost effectively create a building envelope, structure or support system and virtually every financial decision regarding your construction company, has a tax consequence.
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