Streamlining Your Construction Business with Cloud-Based Bookkeeping
In the fast-paced world of construction, managing financial records accurately and efficiently is crucial. To capture this ever-changing workflow, the world of accounting and bookkeeping has kept apace, providing solutions that meet the challenges of modern construction. One of the most significant changes has been the widespread adoption of cloud-based bookkeeping—a modern solution that allows business decision makers to access company financials virtually anywhere.
When to Outsource Your Accounting
With smaller builders (revenues of less than $3M/year), the cost savings, flexibility, and expertise of hiring an outsourced bookkeeper can produce significant, out-sized benefits.
Sales Tax for Builders—Demystified
In our day to day lives, the issue of sales tax is pretty straightforward. You go to a shop and pay the price of the product plus the associated tax levied by the state and (sometimes) local government. As the end user of that product it’s relatively clear. As a business owner, however, it can get a little confusing—particularly if you’re a builder. If you find yourself wondering when and in what situations to collect sales tax, and you’re a Massachusetts-based builder, you’ve come to the right place. This brief post summarizes the key elements of the rules regarding sales tax, use tax, and where to go for additional information.