Contractors have unique tax issues with equipment, job costing and revenue recognition.
In this article
Construction accountant
Industry experience.
Equipment purchases
Timing matters.
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Revenue methods
Ask your accountant.
Quarterly reviews
Avoid surprises.
Records
Organized books.
Common mistakes
Year-end panic, mixed personal expenses and poor records.
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Frequently asked questions
When should contractors plan taxes?
Throughout the year, not just at filing time, with an accountant who knows construction.