QuickBooks Tip – Working With Contractors – Part 1
An infusion of federal infrastructure funding through the American Recovery and Reinvestment Act (ARRA) have had and will continue to put more contractors and their employees back to work. Federal investment in Public Works projects will create jobs throughout the country and not just construction jobs. While additional public infrastructure projects will allow the construction industry to maintain their current workforce and will even necessitate hiring more workers. You will also see contractors who have previously worked on other types of construction projects (residential and/or commercial) begin bidding on newly created Public Works projects. This will also encourage contractors to purchase equipment, thus preserving and creating manufacturing jobs. As a Certified QuickBooks ProAdvisor or Accounting Professional who is working with construction clients - you are entering into a very challenging…