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Are W-9s Required for All Vendors? The Essential Guide for Business Owners

Understanding the Importance of W-9s As a business owner, managing vendor relationships requires more than just timely payments and services. One crucial aspect that often gets overlooked is the proper documentation of these transactions, specifically through the use of W-9 forms. This form is pivotal for ensuring tax compliance and smooth financial operations, yet it…

Expense Tracking Secrets for Busy Design-Build Firms

Expense Tracking Secrets for Busy Design-Build Firms

The design-build process is gaining in popularity – that’s great news for you. But you won’t realize your profits if you don’t properly track your costs and revenue. Profitable design-build firms diligently allocate every single expense to every client/project. First, let’s review the key elements of “job costing;” then we’ll walk through a systematic approach…