May 2022

As a result, the cost and availability of production inputs can fluctuate and require careful tracking and planning. In comparison to other industries, like retail or manufacturing, construction contracting has several distinct traits from an accounting perspective. In any case, we recommend hiring a bookkeeping accountant with experience and expertise to handle the critical aspect of doing taxes. Finally, partners or owners of construction firms need to consider the tax implications of their business structures. As an industry standard, AIA progress billing is one of the most widely used forms of contract in the construction industry. Our connected global construction …