Record Keeping
2 articles
Bookkeeping
What Records a Contractor Has to Keep: Lien Waivers, Certificates, Certified Payroll and the Rest
For a commercial contractor, record keeping is not filing. Lien waivers, insurance certificates and certified payroll decide whether you get paid, whether you win an audit, and whether you clear prequalification.
Tax Planning
How to Avoid an IRS Audit: What Business Owners Need to Know
IRS audits are rare but stressful. Here is what actually triggers them, which deductions draw the most scrutiny, and how to document your return so an audit is nothing to fear.