Choosing From Many Construction Accounting Solutions Available
Finding a solution that will do “All I Need It To Do” This is the challenge for Construction Contractors.Read More
As A Contractor You Are Either Getting Paid, Paying Someone Or Both
Contracting Is All About The Money And Taxes
Which is better for you, Employees or 1099 Contractors? In the world of the State and Federal Agencies. Someone who works for you is either an Employee (on W-2) or a Subcontractor. You need to be issued 1099 at the end of the year, and you need be able to prove they are legitimate Subcontractors!
What we sometimes forget is the personal side of our life and do not realize we have employees. Nanny tax is for any household employees that you have for yourself, the obvious is the Nanny who provides childcare. It also includes a Housekeeper (unless using a licensed maid service).
Reminder from Tax Accountants is the Elder Care market. If you have an individual who is caring for an elderly parent (they are subject to Nanny tax unless you are using a licensed service.)
Do you have support people? Are they making your life easier or are they a risk to you and your Contracting Company?
QuickBooks Online Is Not The Same As QuickBooks Desktop In The Cloud
At a quick glance, it is easy to think that all QuickBooks files are the same no matter if it is on your desktop or in the Cloud because it appears to be the same product. Nothing could be further from the truth.QuickBooks Online is slow and clunky and changes early and often so just when you think you understand it...
QUICKBOOKS ONLINE CHANGES!
SOFTWARE PEOPLE LOVE CHANGING STUFF!
CONTRACTORS LOVE GETTING STUFF DONE!
QuickBooks Desktop Version has been around since 1991, and it has improved at a stable pace that contractors and accountants can keep up with. For the past several years our contractor clients have enjoyed the having access to the tried and true QuickBooks Desktop version in a Cloud environment.
Why do I like using Cloud-Based Servers?
For all the same reasons every Contractor has web access to their bank is to see “The Numbers!”
Money In: Have my Deposits posted and cleared?
Money Out: What checks have cleared?
What’s Left Over: How much money is in The Bank?
You can access QuickBooks Desktop anytime from anywhere; using your smartphone, tablet, notebook, PC or Mac.
Your QuickBooks In The Cloud Is Backed Up Every Night While You Sleep!
One of the biggest concerns contractors have about outsourcing their contractors bookkeeping to a cloud based contractor accounting service like ours is they think it means sending jobs off-shore rather than keeping your dollars in America where they can help other Americans. In too many cases that is exactly what occurs.