Current Accounting
No matter the industry—whether it’s construction, consulting, marketing, or software development—cost overruns can turn a profitable project into a financial headache. When project costs exceed the budget, businesses are left scrambling to cover unexpected expenses, leading to reduced margins, cash flow issues, and even strained client relationships. At Current Accounting, we help businesses in Charleston […]
Starting a business is an exciting journey filled with passion, innovation, and the drive to build something meaningful. But even the best ideas need a solid financial foundation to succeed. Without strategic planning, unexpected costs, cash flow challenges, and tax burdens can derail progress. At Current Accounting, we work with Charleston startups to create financial […]
Starting a business means chasing a big idea, putting in long hours, and doing everything possible to get your company off the ground. But here’s the reality—running out of money is one of the biggest reasons startups fail. Many founders don’t come from a financial background, and without a solid plan cash flow management plan, […]
Tax season rolls around every year, but no matter what, it always seems to feel like a scramble. For business owners, it’s easy to make mistakes, especially when you’re juggling a million other responsibilities. But here’s the thing: tax mistakes cost real money in the form of overpayments, missed deductions, or IRS penalties. At Current […]
Tax season can be one of the most stressful times for small business owners. Between managing operations, handling employees, and keeping up with customer demands, the last thing you want to worry about is the complexity of tax filing.
As a freelancer or contractor, you can be your own boss, work from wherever you want, and choose the projects that excite you. But that freedom comes with a bit of extra responsibility when it comes to taxes.
In construction contracts, “retainage” is a common term that sometimes feels like an obstacle. Essentially, retainage is the percentage of the payment that gets held back until the job is done right, usually around 5-10%. While it’s meant to ensure the project gets completed on time and to the correct standards, it can also cause […]
One of the trickiest aspects of managing a construction project is handling subcontractor payments and keeping track of their work. The process can quickly become overwhelming with multiple subcontractors, each with their own payment schedules and reporting requirements. Luckily, there’s a smarter way to manage subcontractor payments and reporting that will save you time, reduce […]
