Online Exclusive: Accounting basics for small contractors
According to a 2012 University of Tennessee research report on business startups, the construction industry has one of the highest failure rates of all industries. After four years, only 47% of construction startups are still in business. After five years, the highest failure rate for startup businesses occurs in the plumbing, heating and air conditioning industry.
BY MICHAEL BOHINC, CPA | Aug 14, 2013
This is the first article in Michael Bohinc’s Accounting Basics online series.
According to a 201
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