In 2025, new IRS rules and lower thresholds mean many contractors will see more 1099-K forms than before. It's important to understand what these forms report, when you'll get them, and how to handle them on your tax return to avoid mistakes and stay compliant. When are 1099-K Forms Issued?...
Chargebacks in Construction: Why They Happen and How to Avoid Them
Chargebacks in construction refer to the process of disputing and reversing a payment made by a client to a contractor or subcontractor. These chargebacks can occur for various reasons, such as unsatisfactory work, delays, or disputes over payment terms. Understanding the common causes of chargebacks and implementing strategies to avoid...
Tips for Negotiating Better Payment Processing Rates
In today's digital age, payment processing has become an essential part of running a business. Whether you operate an online store or a brick-and-mortar establishment, accepting credit card payments is crucial for attracting customers and increasing sales. However, payment processing rates can vary significantly, and understanding how they work is...
POS Security Features: Firewalls, Encryption, and Beyond
In today's digital age, the security of point-of-sale (POS) systems has become a paramount concern for businesses of all sizes. With the increasing prevalence of cyberattacks and data breaches, it is crucial for organizations to implement robust security measures to protect sensitive customer information and maintain the trust of their...
Customizing POS for HVAC, Plumbing, and Electrician Contractors
In today's fast-paced and competitive business environment, contractors in the HVAC, plumbing, and electrician industries face unique challenges when it comes to managing their operations efficiently. One of the key tools that can greatly benefit these contractors is a customized point of sale (POS) system. A POS system tailored specifically...
Accepting Online Payments for Construction Bids and Proposals
In today's digital age, accepting online payments has become a necessity for businesses across various industries, including the construction sector. The traditional methods of accepting payments, such as checks and cash, are gradually being replaced by more convenient and secure online payment systems. This article will explore the benefits of...
Future Trends in Construction Payment Processing
In the ever-evolving world of construction, payment processing plays a crucial role in ensuring smooth financial transactions between contractors, subcontractors, suppliers, and other stakeholders. As technology continues to advance, the construction industry is witnessing a significant shift towards digitalization and the adoption of emerging technologies. These trends are revolutionizing the...
Selecting a Secure Payment Service Provider
In today's digital age, online payments have become an integral part of our daily lives. Whether you are running an e-commerce store, a subscription-based service, or a brick-and-mortar business with an online presence, having a secure payment service provider is crucial. With the increasing number of cyber threats and data...
Accepting Digital Wallets (Apple Pay, Google Pay) in Construction
In today's digital age, the construction industry is rapidly embracing technological advancements to streamline processes and improve efficiency. One such innovation that has gained significant traction is the use of digital wallets in construction projects. Digital wallets, such as Apple Pay and Google Pay, offer a convenient and secure way...
Selecting a POS System That Integrates with Construction Accounting Software
In the construction industry, managing finances and tracking expenses is crucial for the success of any project. Construction businesses often deal with complex accounting processes, including managing multiple projects, tracking labor costs, and handling various expenses. To streamline these processes and ensure accurate financial management, it is essential to select...