Tax Savings

How much money should I set aside for taxes as an independent contractor?

ByconstructBalancesMay 28, 202417 min read

As an independent contractor, tax savings should be at the forefront of your financial planning. Unlike employees, contractors are responsible…

Accounting Methods in Construction Industry

What are the two accounting methods utilized most frequently in the construction industry?

ByconstructBalancesMay 28, 202418 min read

In the construction industry, one of the most essential aspects of managing a business effectively is maintaining a robust accounting…

Construction Accounting Fundamentals Image

What is Construction Accounting? Understanding the Fundamentals in the US

ByconstructBalancesMay 28, 202426 min read

Construction accounting is a specialized branch of accounting that deals with the financial management of construction projects, often involving large…

Net Profit Construction

What is a Good Net Profit for a Construction Company?

ByconstructBalancesMay 28, 202423 min read

In the construction industry, the net profit is one of the critical metrics for evaluating a company’s financial health. Net…

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