Jason Khoo

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15 Oct 2017

Better Numbers, Better Results: Job Cost Reporting

Once a project is underway, it’s easy to focus on other tasks rather than the actual numbers. But job cost reporting — the process of coding and allocating project expenses to track financial efficiency and profitability — is imperative for ultimate success. Here are a few best practices to keep in mind. Refine your estimates Proper job cost reporting is built around a good estimate. You should start each job by arranging the estimate in the same cost categories that will be used to accumulate the actual job cost information. Arranging the estimate summary in the same format in which…

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15 Sep 2017

Got Nexus? Find Out Before Operating in Multiple States

Business owners must always ask themselves when it came to facing taxation in another state: Do we have “nexus”? This term indicates a business presence in a given state that’s substantial enough to trigger the state’s tax rules and obligations. If you’re considering operating your business in multiple states, or are already doing so, it’s worth reviewing the concept of nexus and its tax impact on your company. Common criteria Precisely what activates nexus in a given state depends on that state’s chosen criteria. Triggers can vary but common criteria include: Employing workers in the state, Owning (or, in some…

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