Podcasts about annual tax return

The Australian Taxation Office (ATO) has announced its 3 key focus areas for this Tax Time. Listen to the SBS Sinhala radio feature on this news update. - ඔස්ට්‍රේලියාවේ 2022/23 මුල්‍ය වර්ෂය සඳහා බදු ගෙවන්නන් යොමු කරන Annual Tax Return එකේදී ප්‍රධාන ක්ෂේත්‍ර 3 ක් වෙත ප්‍රමුඛ අවධානය යොමු කරන බව ඔස්ට්‍රේලියානු බදු කාර්යාලය නිවේදනය කර තිබේ. මේ පිළිබඳ වැඩිදුර තොරතුරු මෙම කෙටි විශේෂාංගයෙන්.

Cyprus tax returns have many layers that can complicate a return requirement for expats in Cyprus or investing in Cyprus property or business? Have you ever wondered if you need to do a tax return? Do you know what your legal requirements are to declare income and that tax as an expat in Cyprus? Do you have to be asked or do you volunteer the information? Are you aware of all the tax liabilities for property rental and investment income up to 30%? In this weeks Wednesday Webinar I'll focus on the instances when expats are required to or should volunteer the information to declare Cyprus income, gains, and inheritance taxes. Read the blog https://proactpartnership.com/blog/what-is-required-in-a-cyprus-annual-tax-return

Have you ever wondered if you need to do a tax return? Do you know what your legal requirements are to declare income and pay tax as an expat? Do you have to be asked or do you volunteer the information? In this weeks Wednesday Webinar ProACT Sam focuses on the instances when expats are required, or should volunteer the information, to declare UK income, gains, and inheritance taxes. ➙ Read the blog proactpartnership.com/blog/what-requires-an-annual-tax-return-for-expats ➙ Follow me on Twitter https://twitter.com/proactsamsays ➙ Join the Telegram Channel https://t.me/livingandworkingabroad ➙ View all my social's https://linktr.ee/proactpartnership

اسټراليا کې ماليې ورکړې او يا نه ورکړې په اړه اړين معلومات د ماليې برخې کارپوه څخه واورئ.

Xisaabiye Ibrahim Said Abdi, oo qeexaya cahuur celinta (tax returns) iyo macluumaadkeeda.

The pandemic has affected the nation. It has impacted many people financially and in their employment. So, in what ways do these changes affect the way we should complete our tax returns and what aspects of the process should we be especially cautious about? - Pandemi telah mempengaruhi semua orang. Ini telah mempengaruhi banyak orang secara finansial dan juga pekerjaan mereka. Jadi, bagaimana perubahan yang ada berpengaruh terhadap cara kita dalam proses pengajuan pengembalian pajak? Dan aspek apa dari proses itu yang harus kita waspadai secara khusus?

নতুন অর্থ-বছর শুরু হয়েছে। ট্যাক্স রিটার্ন জমা দেওয়ার সময় এসে গেছে। বিগত অর্থ-বছরের পুরোটাই অতিবাহিত হয়েছে কোভিড-১৯ বৈশ্বিক মহামারীর মধ্য দিয়ে। এ বছর ট্যাক্স রিটার্নের ক্ষেত্রে কোন কোন বিষয় অন্তর্ভুক্ত করা যাবে?

After a full year of COVID-19, a lot of things have changed in Australia. And this end of financial year, filing your tax return could also look a little different. - V tomto roku sa veľa vecí zmenilo a teraz, keď stojíme na prahu nového finančného roka, bude aj daňové priznanie ukážkou toho, aké dramatické všetky zmeny boli.

SBS Sinhalese discusses with Mr. Richard De Silva, Senior Tax Accountant and Financial Advisor in Melbourne about how to claim work from home expenses correctly in this Tax Return. - මෙවර Tax Return එකේදි Work from home වියදම් නිවැරදිව claim කරන අයුරු සහ එහිදී ඔස්ට්‍රේලියානු බදු කාර්යාලය සලකා බලන නිර්ණායක පිළිබඳව SBS සිංහල ගුවන් විදුලිය සිදුකළ සාකච්ඡාවට සවන්දෙමු.

SBS Sinhalese discusses with Mr. Richard De Silva, Senior Tax Accountant and Financial Advisor in Melbourne about special areas which should focus on this time Annual Tax return due to the Covid-19. - Covid-19 වසංගතය නිසා මෙවර Tax Return එකේදි විශේෂයෙන් අවධානය යොමු කළ යුතු අංශ මොනවාද සහ මෙවර Tax Return එක යොමු කළ යුතු අවසන් දින වකවානු මොනවාද පිළිබඳව SBS සිංහල ගුවන් විදුලිය සිදුකළ සාකච්ඡාවට සවන්දෙමු.

Every year ATO selects some areas for more scrutiny. Listen to Melbourne Tax agent Baiju Mathai, from Taxman Accounting and Tax Professionals. - നികുതി റിട്ടേൺ സമർപ്പിക്കുമ്പോൾ ഓസ്‌ട്രേലിയൻ നികുതി വകുപ്പിന് സമർപ്പിക്കുന്ന വിവരങ്ങളിൽ ചില മേഖലകളിൽ കൂടുതൽ നിരീക്ഷണം ഉണ്ടാകുമെന്ന് അധികൃതർ മുന്നറിയിപ്പ് നൽകി. ക്രിപ്റ്റോകറൻസി നിക്ഷേപകരുടെ റിപ്പോർട്ടിംഗ്, വിദേശത്തുള്ള വരുമാനം സംബന്ധിച്ചുള്ള വിവരങ്ങൾ തുടങ്ങി ചില മേഖലകൾ ATO കൂടുതലായി നിരീക്ഷിക്കുമെന്ന് വ്യക്തമാക്കി. ഇതിന്റെ വിശദാംശങ്ങൾ വിവരിക്കുകയാണ് മെൽബണിൽ ടാക്സ്മാൻ അക്കൗണ്ടിംഗ് ആൻഡ് ടാക്സ് പ്രൊഫെഷണൽസിൽ ടാക്സ് ഏജന്റായ ബൈജു മത്തായി.

O dia 31 de outubro é a data de vencimento para a apresentação do seu tax return na Austrália, a sua declaração do imposto de renda. Muitas pessoas precisam saber calcular novas deduções, como por exemplo, trabalhar de casa.

করোনাভাইরাসের এই বৈশ্বিক মহামারীর সময় সব কিছুর মধ্যে একটা স্থবিরতা বিরাজ করছে। এই মুহূর্তে জনজীবন কিছুটা স্বাভাবিক হয়ে আসলেও এখনো আতঙ্ক রয়ে গেছে। মহামারীর এই সময়ে অনেক ব্যবসা-বাণিজ্য হয় বন্ধ না হয় সংগ্রাম করছে টিকে থাকার জন্য। আর্থিক সংকটের এই সময় ট্যাক্স রিটার্ন দাখিল করতে হচ্ছে সকলকে। ট্যাক্স রিটার্ন এবং আনুষাঙ্গিক বিষয় নিয়ে এসবিএস বাংলার সাথে কথা বলেছেন চার্টার্ড একাউন্টটেন্ট সৈয়দ আকরাম উল্লাহ। সাক্ষাৎকারটি শুনতে উপরের অডিও প্লেয়ারটিতে ক্লিক করুন।

در حالی که تنها یک‌ماه دیگر به پایان دوره تسویه حساب مالیاتی در آسترالیا باقی مانده، طاهره جهانبین، کارشناس امور مالی و حسابدار افغان‌تبار مقیم سیدنی می‌گوید بسیاری از مالیه‌دهندگان در این دوران شکار کلاهبرداران مالی شده‌اند.

Accountant Nader Gariban speaks to SBS Kurdish about the entitlements of this year's tax returns and the difference of claiming from previous years. - Jimêryar Nadir Xerîban derbarî dagirtina baca îsal 2019/2020 û cûdabûnên ji salên par bi SBS Kurdî re diaxafe.

Nearly 14 million Australians will file tax returns this year. - Hampir 14 juta warga Australia akan mengajukan pengembalian pajak tahun ini.

Ukaba wararishwe umushahara hagati y’itariki 1 Mkakaro na 30 Ruheshi, urasabwa gutungunganya ibijanye n’amatagisi yawe gushika itariki 31 Gitugutu. Nguku uko ushobora kubigenza kugira ngo usubizwe amahera yawe hama ukanagabanya ibiciro vy’amafagitire yawe muruno mwaka.

Waxaa mar kale la gaaray waqtigii canshuur celinta oo ay tahay in la sameeyo ka hor 31 October

July 1 in June 30 karlak ah Australia ah na um i rian a tuanmi na si ahcun, Australia nih ngunkhuai khirhnak tuah ding a timi cu October 31 hlan na tuah hrim lai. Ngunkuai khirhnak na tuah tik ah tangka kir than ding in na hal khawh thanmi le tangka kum chungah ngunkhuai na pekmi a tlawm deuhnak hnga zeitindah timhlamhnak na ngeih lai timi tamdeuh in hun ngai ve.

If you earned an Australian income between July 1 and June 30, you will need to lodge a tax return by October 31. Here are some ways you can claim tax refunds and lessen your tax bill for the financial year. - Eger dahatit hebûwe le Australya le nêwan 1 Culay (July) ta 30 Cûn (June), debêt dawakarî bo geranewey bac pêşkeş bikey ta 31 mangî Oktober. Eme çend rêgayeke bo çonêtî bedesthênanî geranewey bac le em sallî darayîye da.

Ikiwa umepata mapato nchini Australia kati ya tarehe 1 mwezi Julai 2019 hadi Juni 30, utahitaji kuingiza maombi ya marejesho ya ushuru ifikapo 31 Oktoba 2020.

What can or cannot be claimed for tax deduction working from home during COVID-19 outbreak? - Tau muaj cov kev pauv hloov tshiab rau tej cai koj muaj peev xwm thov tau ib co se rau tej nyiaj koj siv los yuav khoom pab kom koj ua tau hauj lwm tom tsev xyoo no rau lub caij muaj kab mob coronavirus (COVID-19) no lawm, ntawm nod yog qee cov kev pauv hloov tsim nyog koj paub txog.

This Podcast Is Episode Number 0357, And It's About Annual Tax Return Pointers For Construction Contractors Preparing for tax season is a year-round endeavor. Well-organized small businesses are better positioned to minimize their tax bill while avoiding penalties associated with missing or inaccurate information.   Tip number one for construction company owners is to update financials every month, using a streamlined software or cloud-based system. This way, come tax time, everything you need is all in one place.    Second - The Profit And Loss Balance Sheet is what Tax Accountants use.   The numbers on these reports offer a summary snapshot of your business. They are referred to and reviewed over and over by banks and others.   Below is a copy of the "Schedule C” it is the standardized format from the Internal Revenue Service.  Besides the bottom number, what does it tell you? I suspect minimal information. Why? Because the Internal Revenue Service has rules/regulations/restrictions about their forms and as much as they want to cram in more detail. How many pages? What font size? The form becomes the "Bigger Bucket" theory. The "Bigger Bucket Theory" is where data input installs as many transactions as possible into a single line. For example, income can be all of the deposits from bank statements, which may have come from a single z-tape each day. Or Utilities, Office supplies, Marketing, Cost of Goods Sold (COGS) are classified as "Expenses." As the business owner, you may want to know more specific information about your costs and your income to make intelligent decisions. The annual business tax return doesn't need to know which client is profitable – it's all income, it doesn't need to know the details about Costs of Goods Sold – it's all material (or just an expense). It is not relevant to the tax accountant. Remember, it's the "Big Bucket" theory. Of course – most tax returns have gotten longer and longer saying the same thing over and over again. If your construction company files annual tax return as Sub-Chapter S, you know that most of the numbers transfer over to your personal return, and the numbers repeat again.  We have all heard "Garbage In" and "Garbage Out." It is becoming more common to do the bookkeeping "fast"; after all, it should only take about 10 minutes a day. One shortcut is downloading transactions directly from the bank. Tax Accountants Typically set up QuickBooks Chart of Accounts to map directly into their tax software, which makes it easy to download from the bank "Big Bucket" theory again. What is the purpose of your accounting system? To help you run your business more efficiently or file your taxes? Neither choice is good or bad as long as you have made a choice and understand the outcome.  Like most people, I go to my bank website often, and one of the things I have discovered is that all banks appear to treat each transaction uniquely. How do you get money out of your checking account?  Do you write a paper check that is manually presented to the bank? Do you write a paper check that is electronically presented to the bank? Do you use your bank's online bill pay that mails out a paper check you can present to the bank? Does your bank's online bill pay – use EFT to transfer your funds to the vendor?  Do you pay online using another bill pay service? Do you pay online by going directly to your vendor's website? Do you pay online using pay pal bank? From the bank's transaction report, it looks straightforward. When the actual bank statement comes, the transactions can look differently. Bank breaks transactions into Checks / Debit / ACH / EFT – Vendors may have a different name on the account that accepts each of these types of transactions.  Downloading transactions from your bank can be an excellent time-saver if all goes well. I have heard stories of tax accountants without permission from their clients (they know everything they need to know to file your taxes), downloading a whole bunch of transactions into QuickBooks without correctly mapping them.  Construction companies have very complex Work In Progress (WIP), Job Costing and Job Profitability Reporting, and Other QuickBooks Reporting needs, which means some transactions must be coded to Items and some to Accounts for the reports to be accurate. When in doubt, many times, the Bad Bookkeeper or whoever is doing the bookkeeping will send the transaction to the owner's draw, personal expenses, or some other wrong place. This is because too often, the business owner sees all accounting costs as "Overhead and a Waste Of Money," and they want the "Cheapest Option Possible," and the "tax accountant is the only one who needs the information anyway" so why not let them do it.  We know several Tax Accountants that are a real pleasure to work with because they do not try to do bookkeeping in the off-season of tax preparation. They like clean and tidy QuickBooks - with reports and balances that make it is easy for them to review the Profit and Loss (P&L) and Balance Sheet, consider their client's entire financial picture, make decisions as needed and complete the annual tax return. And yes, a good tax accountant takes more than 15 minutes to complete their client's business return.  We recommend a Tax Accountant to complete your annual tax return for several reasons: They are a fresh set of eyes reviewing your QuickBooks and your business as a whole. They are an important part of your Board of Advisors. It makes it easier to get bank loans because the bank knows you have more than one person in your accounting. We have used Tax Accountants for our business and personal annual returns for over thirty years. Here are three more ways to take the stress out of tax time and get the most out of your return: Know your credits and deductions Small businesses typically benefit from a wide range of tax credits. From special allowances for research and development to programs that supplement wages for student employees and apprentices, knowing which credits apply to your business can save you a bundle on taxes.  It's also essential for SMBs to be savvy about deductions. After all, you want to keep as much of your hard-earned revenue as possible. Often-overlooked items you may be able to deduct include: Seminars, classes or conventions you attended to improve your professional skills; Unused inventory that you've donated to charity (a good reason to consider donating your overstock, rather than paying for storage); and Capital assets, such as office furniture, computers, and equipment. Speak to your accountant about the full range of available deductions you can plan for each tax year. Be careful about what you claim If you run your business out of your home, you may be able to claim a portion of expenditures like utilities, insurance, property tax, and rent. But you'll need to keep good records, and all your receipts, to justify why you've allocated business costs to your home office. The same goes for home office computers and mobile phone expenses. Tax authorities will want to see how you've separated the personal and professional use of these assets when you claim them as work expenses.  Want to claim drive-time as a work expense? Ensure you submit a log of your business-related mileage, so you can demonstrate how your vehicle was used for professional purposes. Don't miss the deadline This should go without saying, but every year construction business owners are hit with severe penalties for filing taxes late. Missing the deadline can have a range of negative repercussions, including: Added interest to amounts owing, plus a late payment penalty; Losing your claim to a refund; Loss of credits toward retirement or disability benefits; and Delay of loan approvals (lenders require a copy of your filed tax return to process your application). Final thoughts Always seek a professional's advice. Current technology has made it easier than ever for small business owners to file for themselves, but when it comes to thoroughness and accuracy, nothing can replace the expert advice of an accountant. Consult a professional well in advance, to ensure you're getting the most out of your tax return, and that your documentation is complete. On the bright side, accounting fees are often tax-deductible! P.S. With networking and building connections in mind, we are excited and honored that Randal is nominated for the 2020 Small Business Person Of The Year award in our city. If you are on Alignable, I would appreciate it if you can connect with us and "like" our recommendation. Screenshot of Alignable nomination About The Author: Sharie DeHart, QPA is the co-founder of Business Consulting And Accounting in Lynnwood, Washington. She is the leading expert in managing outsourced construction bookkeeping and accounting services companies and cash management accounting for small construction companies across the USA. She encourages Contractors and Construction Company Owners to stay current on their tax obligations and offers insights on how to manage the remaining cash flow to operate and grow their construction company sales and profits so they can put more money in the bank. Call 1-800-361-1770 or sharie@fasteasyaccounting.com  

Tax agent Ash Khondkar spoke to SBS Bangla on how bushfire affected people can get tax assistance. - বুশফায়ারে ক্ষতিগ্রস্ত ব্যক্তি ও প্রতিষ্ঠানগুলোকে অস্ট্রেলিয়ার আয়কর বিভাগ কী ধরনের ছাড় দিবে, এ নিয়ে এসবিএস বাংলার সঙ্গে কথা বলেছেন আয়কর উপদেষ্টা অ্যাশ খন্দকার ওরফে আশরাফ খন্দকার।

Chartered Accountant and Tax Adviser Syed Akram Ullah said it is the taxpayer's duty to keep the records. - চার্টার্ড অ্যাকাউন্টেন্ট ও ট্যাক্স অ্যাডভাইজার সৈয়দ আকরাম উল্লা বলেন, ট্যাক্স রিটার্নকারীদের দায়িত্ব সঠিক তথ্য প্রদন করা।

Just over two weeks left to the end of the financial year, and taxpayers have to lodge their tax return between July 1st and October 31st. Here are some useful tips about tax return: - حدود دو هفته به پایان سال مالی باقی مانده و مالیه‌دهندگان از آغاز ماه جولای تا پایان ماه اکتوبر وقت دارند حساب مالیات شان را با اداره مالیات آسترالیا تصفیه کنند. نکات زیر را هنگام تصفیه‌حساب مالیاتی در نظر داشته باشید.

This information is brought to you by Australian Taxation Office. Interview with Jagjit Singh. - ਇਹ ਜਾਣਕਾਰੀ ਤੁਹਾਨੂੰ ਆਸਟ੍ਰੇਲੀਅਨ ਟੈਕਸ ਆਫਿਸ (ਏ ਟੀ ਓ) ਵੱਲੋਂ ਪ੍ਰਦਾਨ ਕੀਤੀ ਜਾ ਰਹੀ ਹੈ। ਜਗਜੀਤ ਸਿੰਘ ਨਾਲ ਇੰਟਰਵਿਊ।

This Podcast Is Episode Number 0218, And It Will Be About Multiple Contracting Companies In QuickBooks Leads To Catastrophic Ruin     Contractors, Bookkeepers and Tax Accountants are trying to keep everything all in one place. That is great. A single bank account on the surface is the answer in simplicity. Sharie’s Cash Management 101 Training I Teach Contractors Please Do Not Do This! Why – when putting everything in one bank account; it could be a FINANCIAL DISASTER.   Go to Home Depot, Lowes or any other larger store.   Use your debit card; Drop or lose your debit card, Someone finds it and buy stuff until he or she have spent all your money! (may be a little harder with the chip but how many places can you run your debit card as a credit card?)   The point is that within a short time – All the money could be GONE! ALL THE MONEY COULD BE GONE BEFORE YOU REALIZE THERE IS A PROBLEM All the money is all the money and losing it could put a company out of business Just as there are Common Sense rules about Sharie’s Cash Management 101Tips, there are common sense rules about mixing multiple companies in a single QuickBooks file: Does each company have its own Federal Tax ID number? If Yes, The Company needs its own QuickBooks File. Everyone can own Multiple Companies  Depending on the structure if the financial statements are on a Schedule C And 1040 or 1120S (S-Corp) or other return that in turn rolls up into The Contractors personal 1040 return. The annual tax return is pages and pages long (feels like a zillion if you have to make paper copies) Your banker wants the 1st two pages of your personal 1040 Annual Tax Return.  If you need commercial accounts, Dun & Bradstreet wants the 1st two pages of your business tax return.  Why because the 1st two pages is the summary of all the pages and worksheets that follow?   As a Construction Contractor, you need the details of the balance of the pages to run your business. How do you know how much money each company is making?    I can think of several examples of multiple companies being in a Single QuickBooks File. Husband has a Construction Company and Wife has a Non-Construction Company all mixed together.   Next example: Construction Company, Non-Construction Company plus a few Flipper houses for friends, and a few rental homes for themselves. Add in a few side jobs that are Professional Services. The word MEGA-MESS comes to mind: The Liability Insurance Company will take the easy way out.   What are Gross Sales for a specific date range? (all companies combined) The IRS will take the easy way out – You have one Federal Tax ID number Your Worker’s Comp Program will take the easy way out – What is the highest rate for the tasks? Apply that rate to all employees regardless of what their duties are (or which company) I know of a small company that everyone is charged the same Worker’s Comp rate because the combined office and shop space is small. In Washington State – Plumbers are at the field rate for workers comp even when they are cleaning their truck at the shop.  Why? Because Labor & Industries “Says – cleaning the truck is all part of the job.” No Lower Shop Rate is allowed.   Overhead is different for each of the following companies: Construction Company Non-Construction Company (could be day care, hair salon, espresso stand, etc.)    Construction Management Services for Flipper houses for friends Professional Services as a 1099 Contractor Flippers House turned into Rentals Flippers House Sold Rental homes Mixing Companies in a Single QuickBooks File: I can tell you "Please Don’t Do This!" Your Tax Accountant can tell you, "Please Don’t Do This!" Your Banker can tell you, "Please Don’t Do This!" The one person who won’t tell you not to do this is the In-House Bookkeeper. Why? They want to keep their job! The Construction Bookkeeper will try to keep your chaos straight and fight a losing battle with reality. What will not happen is good Financial Reports. The “What About’s” is just “White Noise” as The Contractor who insists on everything in a single QuickBooks file against all advice will benefit from “The Mess.”  (Notice I did not say benefit in a positive way) QuickBooks Desktop is fantastic for Construction Contractors to get good reports. (Remember, Garbage In = Garbage Out)   Reports cannot be better than the information given. Think Lumber – Standard & Better or Stud Grade is much better than the grade that is commonly referred to as airplane propellers. Specialty Lumber Yards have a variety of quality lumber.   A single project may have multiple grades of lumber. It’s a Science to use the right piece of lumber in the proper application to last the longest. Basics are that you can pound a nail in every kind of wood. Next Question – Which type of nail?   Everything about Accounting Especially Construction Accounting is the intertwined: There is a proper setup for Construction Contractors for good job costing reports. There is a proper setup for other Non-Construction related businesses Do you really want all the customers to all of the other business mixed into the Contractor QuickBooks file?   Do you really want to be paying a higher liability insurance because it’s easier for the insurance company? Do you really want to try to add | subtract | tweak | remember What does count? What doesn’t count; when trying to figure out if you are Making Money or Losing Money. And if so – Which business is the Good One, and you want to expand?   Which business are the Bad One and you need to let it go?   Are you trying to re-invent the Wheel? Are you just trying to Be Cheap? I would like to believe that you have a real desire to make changes that will make the lives around you easier and therefore you will get the financial and other job costing reports easily and efficiently. Of course, if you hired an Admin Assistant who is expected to act as your Office Manager |In-House Bookkeeper and has No Bookkeeping or QuickBooks Skills than you pick the phrase that best suits you.   My suggestion:  Sometimes More Is Better! Be open to Multiple Company QuickBooks files.   Each Company should have its own bank account and their own credit card accounts. Rental Property: Use QuickBooks or specialized software for Rentals. Rentals have different needs. With messy QuickBooks – each time money is moved between companies it usually Looks Like Income and by default treated as Income, and you could pay far more in taxes than you saved by mashing everything together. Government Agencies are always happy with messy books and over reporting of income and under-reporting of expenses. Your checkbook may not be so happy when it comes time to pay the taxes.       Annual Federal Income Taxes Self-Employment Taxes State & Local Taxes Licenses & Fees Sales Tax Looking forward to helping you make 2017 be a Better Year? Thinking Happy Thoughts.   Sharie I trust this podcast helps you understand that outsourcing your contractor's bookkeeping services to us is about more than just “doing the bookkeeping”; it is about taking a holistic approach to your entire construction company and helping support you as a contractor and as a person. We Remove Contractor's Unique Paperwork Frustrations We understand the good, bad and the ugly about owning and operating construction companies because we have had several of them and we sincerely care about you and your construction company! That is all I have for now, and if you have listened to this far please do me the honor of commenting and rating podcast www.FastEasyAccounting.com/podcast Tell me what you liked, did not like, tell it as you see it because your feedback is crucial and I thank you in advance. You Deserve To Be Wealthy Because You Bring Value To Other People's Lives! I trust this will be of value to you and your feedback is always welcome at www.FastEasyAccounting.com/podcast One more example of how Fast Easy Accounting is helping construction company owners across the USA including Alaska and Hawaii put more money in the bank to operate and grow your construction company. Construction accounting is not rocket science; it is a lot harder than that, and a lot more valuable to construction contractors like you so stop missing out and call Sharie 206-361-3950 or email sharie@fasteasyaccounting.com Contractor Bookkeeping Done For You! Thinking About Outsourcing Your Contractors Bookkeeping Services? Click On The Link Below: www.FastEasyAccounting.com/hs This guide will help you learn what to look for in outsourced construction accounting. Need Help Now? Call Sharie 206-361-3950 sharie@fasteasyaccounting.com Thank you very much, and I hope you understand we do care about you and all contractors regardless of whether or not you ever hire our services. Bye for now until our next episode here on the Contractors Success MAP Podcast. Warm Regards, Randal DeHart | The Contractors Accountant Our Workflow Removes Your Paperwork Frustrations For Contractors Who Prefer To Do Your Bookkeeping Fast Easy Accounting Do-It-Yourself Construction Accounting Store Is Open Most Contractors Setup QuickBooks Desktop Version In One Of Three Ways:  #1 EZ Step Interview inside QuickBooks Setup #2 Asked Their Tax Accountant To Setup QuickBooks #3 They Attended A How To Setup QuickBooks Class Or Seminar And QuickBooks Does Not Work The Way They Want It Too! The Answer: #1 Click Here To Buy An Entire QuickBooks Setup For Your Specific Contracting Company #2 Click Here To Buy Just The Chart Of Accounts For Your Specific Contracting Company Short List Construction Contractors We Serve  Brand New Construction Company    Handyman Company Cabinet Installer    HVAC Contractor Carpentry Contractor    Insulation Contractor     Carpet And Tile Contractor    Interior Designer       Commercial Tenant Improvement Contractor   Land Development Company Concrete Contractor    Landscape Contractor     Construction Company   Masonry Contractor Construction Manager   Mold Remediation Company       Contracting Company    Moss Removal Company       Contractor   Painting Contractor       Custom Deck Builder    Plumbing Contractor       Custom Home Builder    Pressure Washing Company       Demolition Contractor    Remodel Construction Company       Drywall Contractor    Renovation Contractor       Electrical Contractor    Restoration Contractor       Emerging Contractor    Roofing Contractor       Excavation Contractor    Spec Home Builder       Finish Millwork Contractor    Specialty Contractor       Flipper House Contractor    Subcontractor Flooring Contractor    Trade Contractor       Framing Contractor    Underground Contractor       General Contractor    Utility Contractor       Glass Installation Contractor    Construction Employees     Gutter Installation Company    Construction Support Specialist Additional QuickBooks Templates, Resources, And Services QuickBooks Set Up Templates   Solopreneur QuickBooks Chart Of Accounts     Free Stuff QuickBooks Item Lists Templates     Consulting   We Serve Over 100 Types Of Contractors So If Your Type Of Company Is Not Listed Please Do Not Be Concerned Because If You Are A Contractor There Is A Good Chance We Can Help You! Call Now: 206-361-3950 If you are a blogger, who writes about construction we would like to hear from you. https://www.fasteasyaccounting.com/guestblogger                                                                                                 Contractors_Success_MAP, Contractors_Success_Marketing_Accounting_Production, Contractor_Bookkeeping_Services, QuickBooks_For_Contractors, QuickBooks_For_Contractors,Contractors_Success_Map_Multiple_Contracting_Companies_In_QuickBooks_Leads_To_Catastrophi

This Podcast Is Episode Number 0207 And It Will Be About Contractor Vs. Tax Accountant View Of Financials Contractors View Of The Numbers And Tax Accountants View Are Different Tax Accountants Review Financial Statements After The Year Has Ended The Tax Accountant’s Role Is To Review The Previous Year Financial History based on the information provided create and file the Annual Federal Tax Return, Annual State Tax Return, and other Local or Payroll Returns. Washington State is a sales tax driven state. Other states have a State Income Tax, and others yet have a blend of both. The Contractors Role Is To Review What Is Happening Now and make Strategic Decisions about what to know in order to have a brighter financial future. The best way to do that is to have QuickBooks Setup to deliver your 5 Key Performance Indicators (KPI) in 5 minutes a day at 5 pm or whatever time is best for you. We call them the 5 At 5 For 5, and we can set them up in your QuickBooks for you! Click here to learn more. Every Construction Contractor Should Have A Tax Accountant Prepare And File Your Annual Tax Returns Congress passes a ton of laws which each one could have zillion pages with addendums and other attachments that will make all the individual bills even harder to understand. Tax Accountants need to keep track of all of these changes. Changes – Question is What impacts Yesterday, Today and Tomorrow. A single bill may include all three possibilities. The condensed Version of the U.S. Master Tax Guide [year] (copies provided by your local Payroll Services) is very similar to size and font of the OSHA Book. In other words, the U.S. Master Tax Guide is  “Fat” like how the telephone books used to be. When discussing the U.S. Master Tax Guide, it is a book  and can be described as a “Thick Book With Very Tiny Print.”   Just The Book that everyone wants to read on a warm, cold, hot, sunny, rainy, cloudy Saturday afternoon. (Not - for those who might be missing my humor). I have copies of several years of U.S. Master Tax Guides, and every one of them is 1000 pages. Remember this is the condensed version referencing only the Most Common tax issues. I expect my Tax Accountant to know The Answer to everything that I may encounter and how to properly deal with it on my annual tax return.         Once The Tax Accountant Has Your Financial Statements It Is All “After The Fact” Accounting. The end of the year has passed. Many of us automatically file an extension so it may be closer to September so “The Past” really is the past.  Way past time to say, I wish I had done this instead. You can say it – It just won’t change the outcome of previous decisions. There are limited “things” the Tax Accountant can move, change or adjust. The year is over. The real question is “How Much Do I Have To Pay?” If you have paid into the Internal Revenue Service via W-2 or Estimated Taxes, hopefully, the amount due will be close to Zero.   Tax Accountants Are Busy, And Everyone Wants Their Returns Filed. Yes, you can be the first one on your block to get your taxes done but is that a good idea? In my opinion, as a business owner, you do not want your Tax Accountant to roar through your tax return, get it done quick, without really reviewing your individual circumstances. Side note, those with College Students on Financial Aid always need to have their returns completed early to meet the Federal Deadlines.       Everyone usually receives from their Tax Accountant a “Tax Booklet” with check sheets to help prepare for documents the Tax Accountant needs to complete the Annual Tax Return. Usually, this Tax Booklet is geared towards what the Tax Accountant needs to complete the Personal Return.     Tax Accountant is hoping everything is in the Business Financial Statements and there are just a few things left to do to be able to complete the annual Business Return. Tax Accountants Are Paid To Fill Out Tax Returns Not Save You Money Or Mentor You We Are Paid To Do Your Contractor Bookkeeping Your Profit And Growth Mentor   Tax Preparers Normally Only Do The Following: · Figure Out The Vehicle and Equipment Depreciation · Look for missing expenses (usually not very hard) · Ask for Cash Receipts (only in passing) · Review Meals and Entertainment (big-ticket meals or excessive meals) · Review for items that are really Owner Draws, Loan to Members or Loans To Shareholders · Owner Equity put into the company (only if they see it) · Other Assets (Job Deposits | WIP) · Other Liabilities (Short or Long Term Notes) · Petty Cash (will ask if you have Cash On Hand) · Suspense (should be cleared out to Zero) · Ask My Accountant (need to have receipts and details to help identify who, what it is for) · Anything that looks Odd (Tax Accountant does not want an audit, so it is better you overpay taxes) Tax Accountants Work With Messy And Incomplete Records To Do Their Job They appreciate a good set of Financials from a Contractors Bookkeeping Services (Fast Easy Accounting). Sometimes Tax Accountants have to be the “Big Person” and refuse future service until the bookkeeping is in a more organized set of financials that they can use. The last thing a Tax Accountant wants is an audit. Finally, the Tax Accountant is ready to start all over and review your Personal Income and Deductions, and then they are able to produce for you two Annual Tax Returns. Depends on the individual returns, and when you are filing whether you can file the returns electronically. Hopefully, you have paid enough in personally to be able to receive a refund.      Tax Accountants Rarely Have Time To Give You More Than The Basics toward Tax Planning beyond the different IRA’s and 401K’s. The Reality is that most of the time The Contractor is ready to leave because the whole process is similar to going to The Doctor. The entire experience of taxes leaves you the Contractor feeling exposed. You know that funny feeling where you have on “The Gown” and your blood pressure immediately rises when the doctor walks in and closes the door. Contractors View of the Financial Statements Contractors are just a little bit annoyed if they want real answers about their business and discover the Tax Accountant is really good at rolling up the numbers and having a Tidy Tax Return but most of them are clueless about construction.   The Contractor wonders why if they are both looking at the same numbers on the Financial Statements that the Tax Accountant cannot or will not be more helpful with answers needed in running their business.   The Short Answer Is There Is A Vast Difference Between Regular Accounting and Construction Accounting. Tax Accountants are a generalist and understand Regular Accounting. Tax Accountants have to be to be able to complete the maximum number of client’s tax return. In their world, the expenses are similar for all businesses. It starts out with Income – Expenses = Net Income or Net Loss. The bottom line number on a Schedule C is Net Income or Loss and is the same for all the businesses. S-Corps have its own return with the numbers passing through to your personal annual Tax Return.    My opinion is Tax Accountants like Personal Tax Returns better because they are like sweet, decadent desserts; whereas Contractor's Business Tax Returns are the vegetables (which is great if you love vegetables) because they have to deal with the Contract's Business Tax Return before they can get to the fun stuff. Or maybe it is just a business decision because everyone has a Personal Tax Return and only some of us have a Business Tax Return.   All phases of accounting and bookkeeping are a specialty including Tax Accounting, General Accounting, and Construction Accounting. Generally, Contractors Are Not Trying To Play “Stump The Wizard” when they are asking the Tax Accountant questions about their Financial Statements. Many contractors will have their Tax Accountant prepare Payroll, Payroll Tax Reports, State and Local Tax Reports (sales tax). Does the Tax Accountant understand your business, even a little bit? If the Tax Accountant does not work with sales tax issues on a regular basis, the contractor may have to explain the rules that impact them to their Tax Accountant. Each state is different is what and how they collect State and Local taxes. The most common thing is that “They Do.” The most basic question Contractors ask is “Am I Making Money Or Losing Money”? The next question is “Where Did I Make Money? It should be an easy question to answer. Unfortunately, when everyone is doing everything but tracking the paperwork and the money there are no answers to be found.   Without A System, It Is Impossible To Know If Your Employees Are Wasting Time And If Material Is Being Wasted This does not mean having a drone flying overhead watching their every move to start with by asking 5 simple questions: 1.    Do they have the Right Tools and Equipment? 2.    Do they know your expectations? 3.    Do they feel they are being paid fairly? 4.    Are they a Willing Worker and doing the job? 5.    Will they use an electronic Time Card? (T-Sheets) Part of the role of Management is knowing “What 10 Minutes Waste Costs You”In Washington State, the Worker’s Compensation rate is set by the individual tasks and then calculated by the hours worked. Other states have similar ways to calculate Workers Compensation or Insurance. In most states, Laborers and Apprentices have the exact same Worker’s Compensation rate as the Lead Person on the job.  Skill level is different, and the Contractor is always balancing the Cost of Wages against Value of The Skill of Each Worker.   Contractors are always faced with variables including costs that continue to rise after the bid has been accepted. One little hurricane can impact the cost of building material across the country. One little snow storm and delay truckers and the goods they carry. One little bit of sunshine is okay for days but months and months where is it not normal can be a huge deal. In Winter, you expect snow in the mountains to go skiing, rain in the Spring for flowers, the sun in the Summer to play, and a little frost in the Fall on the pumpkins.   With changing weather patterns, we all need to adapt. We are in the greater Puget Sound (Seattle area), and for years it was 350 days of rain, winter rain, spring rain, fall rain, maybe 15 days of summer. Today it snowed! Last week it snowed and the week before it snowed. Good News, the snow did not stay long and for the most part did not impact schools. At the same time, other places around the USA had different experiences.  Contractors Play A Type Of Sports Game Every Day Without The Rewards Of A Fat Guaranteed Contract. They go Up To Bat, Jump Through Hoops, Run Down The Field all in hopes of securing The Call, Creating The Bid, Closing The Sale, Preforming The Work, Getting Paid. Have a Life.   Contractors want to know “Are I Making Money” or “Losing Money” now “Which Job?”   Should I be doing “More of This” and “Less of That?” Sometimes is a little hard for The Contractor to be Happy and Full of Smiles when a project Goes Over Budget, you have Given Away Free Change Orders to Keep The Customer Happy and Discovered Material Is Way Over Budget.   If The Contractor has 30 day accounts the final bills are still coming in after the project is complete. If it is a Time and Material billing and the final invoice was created too soon; it is almost impossible to get additional funds from the customer. It is by exception, that additional funds can be collected and always get signed Change Orders and paid promptly over waiting to the end of the project.      Many times, Contractors think they have made money based on the fact that all the bills got paid and there was some money left over. With poor bookkeeping, it is hard to know because the checking account may be reflecting checks that have not cleared, deposits from the next job, personal funds deposited back into the account to cover last minutes’ expenses and forgotten.   Good Construction Bookkeeping is the solution A little bit of effort towards Job Costing can be very helpful in understanding the numbers. The Key is asking the Right Professional the right question. Tax Accountants understand how to roll all the numbers up from the different aspects of your personal and business life into a summary Tax Return for the Internal Revenue Service. Construction Accountants understands the numbers in your business and where to properly put them. Your Banker looks at both sets of numbers and decides if you are credit worthy for a loan. Get a Board of Advisors NOW! The Contractor and Contractor’s Spouse look at the numbers and either Smile and say “WOW” or Frown and Say “Ouch” “Oh Crap” or something much more descriptive.   No matter which way the numbers are from Fantastic to In The Toilet The Next Step is Now What Do We Do?   We are here to help. Let’s Chat! Wishing You The Best Every Day. Sincerely, Sharie DeHart Sharie 206-361-3950 sharie@fasteasyaccounting.com I trust this podcast helps you understand that outsourcing your contractor's bookkeeping services to us is about more than just “doing the bookkeeping”; it is about taking a holistic approach to your entire construction company and helping support you as a contractor and as a person. We Remove Contractor's Unique Paperwork Frustrations We understand the good, bad and the ugly about owning and operating construction companies because we have had several of them and we sincerely care about you and your construction company! That is all I have for now, and if you have listened to this far please do me the honor of commenting and rating podcast www.FastEasyAccounting.com/podcast Tell me what you liked, did not like, tell it as you see it because your feedback is crucial and I thank you in advance. You Deserve To Be Wealthy Because You Bring Value To Other People's Lives! I trust this will be of value to you and your feedback is always welcome at www.FastEasyAccounting.com/podcast One more example of how Fast Easy Accounting is helping construction company owners across the USA including Alaska and Hawaii put more money in the bank to operate and grow your construction company. Construction accounting is not rocket science; it is a lot harder than that, and a lot more valuable to construction contractors like you so stop missing out and call Sharie 206-361-3950 or email sharie@fasteasyaccounting.com Thinking About Outsourcing Your Contractors Bookkeeping Services? Click On The Link Below: www.FastEasyAccounting.com/hs This guide will help you learn what to look for in outsourced construction accounting. Need Help Now? Call Sharie 206-361-3950 sharie@fasteasyaccounting.com Thank you very much, and I hope you understand we do care about you and all contractors regardless of whether or not you ever hire our services. Bye for now until our next episode here on the Contractors Success MAP Podcast. Warm Regards, Randal DeHart | The Contractors Accountant Our Workflow Removes Your Paperwork Frustrations   For Contractors Who Prefer To Do Your Bookkeeping Fast Easy Accounting Do-It-Yourself Construction Accounting Store Is Open Most Contractors Setup QuickBooks Desktop Version In One Of Three Ways: #1 EZ Step Interview inside QuickBooks Setup #2 Asked Their Tax Accountant To Setup QuickBooks #3 They Attended A How To Setup QuickBooks Class Or Seminar And QuickBooks Does Not Work The Way They Want It Too! The Answer: #1 Click Here To Buy An Entire QuickBooks Setup For Your Specific Contracting Company #2 Click Here To Buy Just The Chart Of Accounts For Your Specific Contracting Company                                                                           Contractors_Success_MAP, Contractors_Success_Marketing_Accounting_Production, Contractor_Bookkeeping_Services, QuickBooks_For_Contractors, QuickBooks_For_Contractors, Contractors_Success_Map_Contractor_Vs_Tax_Accountant_View_Of_Financials

If Has Just Happened to you please stop listening and call Sharie 206-361-3950 or email her Sharie@FastEasyAccounting.com and get help now! Every Day Hundreds of construction company owners across the country and around the world are arriving to work with a full work load of projects that "Absolutely, Positively Must Get Done Today" only to find their bookkeeper is gone and now you have a full blown emergency accounting situation! The Next Slap In The Face All Too Often Is Embezzlement! The Bookkeeper Has Disappeared - Quit! Found a better job! Moved and left no forwarding address! Evaporated! Abducted by Aliens! Replaced you with a more important contractor! Gave up bookkeeping to go live in the Bahama Islands! Or perhaps they simply retired on the money hey embezzled from your company! Click here to read The Most Common Signs Of Embezzlement And What To Do About It! All You Know Is Paperwork - Is rising faster than the great flood that carried Noah's Ark along for forty days and forty nights and your business is about to go out of control and end up like a train crashing through a stone wall!At This Point You Need - Someone to step in and take control of the situation ASAP! NOW! RIGHT NOW! You need Fast Easy Accounting Emergency Bookkeeping Services Call Sharie 206-361-3950, email Sharie@FastEasyAccounting.com and she will get your business on the right track! Now Lets Figure Out - What happened that caused you to be here in the first place. This situation reminds of several clients who have experienced similar situations and one client in particular comes to mind that should help bring some clarity and understanding to the situation. The names have been changed and enough details left out to protect everyone's identity. The main characters are Fred and his lovely supportive wife Wilma. Here Is Fred's Story - He started his construction business doing a few light handyman type projects, building a few fences, updating kitchens and baths, building decks, gazebos and finishing out the basement areas of split-level houses built in the 1970's and 1980's. Wilma Started Doing - The bookkeeping to help Fred save money on contractors bookkeeping services fees and very quickly she found she hated every minute of it. Contractors Bookkeeping Services are not easy as it looks and it is only a small part of the overall accounting required to operate and grow and successful construction company. Just like framing walls is important; however, it is only part of the carpentry skills required to build a house. Nobody Told Wilma - And she did not know enough about it to ask about why all accounting is made up of two parts and that Bookkeeping has to be done with both parts in balance at the same time. Performing Contractors Bookkeeping Services without proper training in regular accounting followed up with extensive training in construction accounting is like doing Chinese math in the dark...it can be done, but it is not easy! · Internal Accounting - The part that provides information for the Business Process Management System and generates reports for business owners to read and make decisions about what jobs are profitable and what jobs are not and the reasons why it is that way. · External Accounting - The part that provides information to Process Payroll and fill out Monthly and Quarterly Tax Returns and the Annual Tax Return and to fill out Bank Loan Applications. · And Worst Part Is - She had no idea that Construction Accounting is the hardest bookkeeping of all! It is like herding balloons on a windy day, while wearing a blindfold, with no shoes and socks, in a parking lot, in the summer, at high-noon, with the sun beating down, and the temperature is 109 degrees and rising! After A Few Months - The bank started bouncing Fred's checks. He tried to explain the situation to the bank how he was going to be paid a large sum of money as soon as he finished the job he was on and his story fell on deaf ears...the bank said unless he had a line of credit they had no choice but to bounce those checks and add those pesky $35.00 bounced check fees and the bad news was more NSF checks were due anytime. To Add Insult To Injury - Not only did the bank charge hundreds of dollars in bounced check fees but the stores and suppliers that accepted his checks did the same. All of this made a bad cash flow situation worse. Fred Used A Few Bad Words - And shouted at Wilma blaming her for the bounced checks. He "forgot" she was not hard of hearing". Wilma responded equally loud and angry suggesting he could perform a certain impossible "Circus Acts On Himself" and said "I Quit, you $@!&*#$ go find yourself a bookkeeper!" Fred And Wilma Met With Us - And a dozen other bookkeeping services. Wilma had worked with QuickBooks so she understood what we were saying and wanted to hire us on the spot. Fred did not understand anything about QuickBooks and kept saying "Bookkeeping is just pushing a few keys on the keyboard; how hard can that be?" In the end Fred decided all of the bookkeeping services were way too expensive. Fred Searched Craigslist And Found A Cheap Bookkeeper - That charged less than half what any other bookkeeping services firms quoted and here were the results after six months: · The cheap bookkeeper managed all the money for the business · The cheap bookkeeper filled out several new credit card applications for Fred to use as "Working Capital" · When the credit cards came she gave Fred some and kept some for her personal use · A number of checks were written to "dummy accounts" in QuickBooks and the checks were deposited into a bank account controlled by the Cheap Bookkeeper. · The cheap bookkeeper kept enough money in the bank to avoid bouncing checks · None of the bank or credit card accounts were ever reconciled by The cheap bookkeeper · In the end a little more than $100,000.00 had left the company in the form of cash, credit card debt, unfiled and unpaid sales tax payments, unfiled and unpaid payroll tax payments and unauthorized charges on his supplier charge accounts · This was not the worst we had ever seen but it was in definitely in the top fiftyFred Decided To Come Back - To us because he remembered from our first meeting I had emphasized five things: · We never, ever touch your money! You get paid from your customers, you put the money in the bank and you pay your bills when you are good and ready. · We do all the bookkeeping, process payroll, fill out the tax forms, we will sit ith you and help you understand what bills you owe; however, we will not make any decisions on who gets paid, how or when. What we will do is make it as easy as possible for you pay everything online or with paper checks. (At our first meeting Fred insisted on having someone else to manage his money, now he understood why it is never a good idea for a contractor with less than $10M in annual revenue because small construction company owner's cannot afford the professional accounting staff and process to reduce theft and now he loves the idea of only he or Wilma controls the money!) · We believe it is in your best interest to: "Trust But Verify" Which means trust us that we are doing what is best for you and verify that we are by having someone else prepare your Annual Tax Return that way they will review what we are doing and give you an independent report. · We believe all construction business owners need a Board of Advisors to guide them in achieving their definition of success. · We believe all construction companies need a Business Process Management System in place in order to Optimize their profits. Fred's Story Has A Happy Ending - After several years of planning his work and working his plan and paying attention to the Five Key Indicators his construction company has turned around and is doing very well and Fred is a much wiser man today than he was when we first met. I hope this podcast helps you understand that outsourcing your contractors bookkeeping services to us is about more than just “doing the bookkeeping”; it is about taking holistic approach to your entire construction company and helping support you as a contractor and as a person. We understand the good, bad and the ugly about owning and operating construction companies because we have had several of them and we sincerely care about you and your construction company! That is all I have for now and if you have listened this far please do me the honor of commenting and rating podcast www.FastEasyAccounting.com/podcast Tell me what you liked, did not like, tell it as you see it because your feedback is crucial and I thank you in advance. We Remove Contractor's Unique Paperwork Frustrations For Construction Company Owners who do not need the full power of QuickBooks for contractors and want 24/7 online access we offer Xero Accounting Online and we have custom setup for construction companies. I hope this podcast helps you understand that outsourcing your contractors bookkeeping services to us is about more than just “doing the bookkeeping”; it is about taking holistic approach to your entire construction company and helping support you as a contractor and as a person. We understand the good, bad and the ugly about owning and operating construction companies because we have had several of them and we sincerely care about you and your construction company! That is all I have for now and if you have listened this far please do me the honor of commenting and rating podcast www.FastEasyAccounting.com/podcast Tell me what you liked, did not like, tell it as you see it because your feedback is crucial and I thank you in advance. You Deserve To Be Wealthy, Because You Bring Value To Other People's Lives! I trust this will be of value to you and your feedback is always welcome at www.FastEasyAccounting.com/podcast This is one more example of how Fast Easy Accounting is helping construction company owners across the USA including Alaska and Hawaii put more money in the bank to operate and grow your construction company. Construction accounting is not rocket science; it is a lot harder than that and a lot more valuable to construction contractors like you so stop missing out and call Sharie 206-361-3950 or email sharie@fasteasyaccounting.com Thinking About Outsourcing Your Contractors Bookkeeping Services? Click On The Link Below: www.FastEasyAccounting.com/hs Need Help Now? Call Sharie 206-361-3950 sharie@fasteasyaccounting.com In closing, I want to caution you that we may or may not be a good fit for your contracting company. This guide will help you learn what to look for in outsourced construction accounting. Thank you very much and I hope you understand we really do care about you and all contractors regardless of whether or not you ever hire our services.Bye for now until our next episode here on the Contractors Success MAP Podcast. Warm Regards, Randal DeHart | Contractors Accountant We Remove Contractor's Unique Paperwork Frustrations