Risks and Rewards of Over-billing in Construction

In Percentage of Completion Project Accounting, two terms are frequently used – over-billing and under-billing. Both of these concepts are well known to construction industry accounting professionals, but may not be so well known to others. We want to take this opportunity to di
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When Have I Earned Revenue?

Many small and medium-sized businesses use varying basis of accounting depending on their financial reporting requirements. For companies preparing their financial statements in accordance with Generally Accepted Accounting Principles (GAAP), recognizing revenue could become a more co
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Cash vs Accrual Basis Accounting

Which is best for YOUR company? How does your business maintain your financials? Under the Tax Cuts and Jobs Act, taxpayers are eligible to select their accounting method according to the new limits in tax years beginning after December 31, 2017. Taxpayers which have an average annual
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Benefits of Utilizing Statement of Cash Flows

GAAP(Generally Accepted Accounting Principles) Net Income is Great, But How are My Company’s Cash Flows? Chances are your business will utilize the Income Statement and Balance Sheet when analyzing its annual, semi-annual, quarterly, and monthly results. However, the Statement o
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Missouri Tax Credits

Are you facing a large Missouri tax liability this year? Does paying 6% less seem too good to be true? It is possible and easier than you think. We currently have hundreds of clients utilizing these credits to save thousands of dollars in Missouri taxes. We have obtained Missouri tax
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