Cash vs. Accrual Accounting for Florida Contractors: How Does it Impact Your Taxes?

Ian Atkinson-Baker, #1 Amazon Best Selling Author

Published on: 27/08/2025

Florida construction businesses face unique accounting challenges -particularly when managing taxes and cash flow. One of the most critical decisions construction firms must navigate is using cash or accrual accounting methods. Each approach has distinct benefits and implications, especially at tax time.

Accounting. Bookkeeping, Taxes

Cash vs. Accrual Accounting: Which Is Right for Your Florida Construction or Contractor Business?

Ian Atkinson-Baker, #1 Amazon Best Selling Author

Published on: 20/08/2025

Choosing the proper accounting method is a big decision when starting your Florida construction or contracting business. Your choice will shape how you track income and expenses, interpret your profits, and even file taxes. In this post, we'll walk through: - What are cash and accrual accounting are - The benefits of each method - When it makes sense to use one over the other - A simple example comparing both methods in action

Accounting, Bookkeeping