Contractor Success Map With Randal Dehart | Contractor Bookkeeping And Accounting Services

This Podcast Is Episode Number 0186 And It Will Be About When Being A Licensed Contractor Is Not Enough When You Hire A 1099 Contractor They May Actually Be Your Unplanned Employee! Having a contractor’s license is not proof enough you are a business versus an employee. If you hire a 1099 Contractor (Specialty or Trade Contractor), they just become your employee in the eyes of the tax agencies. When you hire 1099 contractors, you need to know that their state contractor’s license, bond, and insurance are active. If you are doing construction work in Washington State You can start here https://fortress.wa.gov/lni/bbip/Search.aspx When a being a licensed contractor is just not enough! During audits state, agencies are now looking to check about the bond and insurance.  Anytime a contractor’s license is suspended the state may reclassify that person as an employee on your jobs. Contractor's License Suspensions Are Computer Generated Did you mail your renewal to the wrong mailing address? Did you send your liabi

This Podcast Is Episode Number 0185 And It Will Be About Handyman Marketing Machine With Dan Perry Today's podcast guest is Dan Perry, founder of HandymanStartup.com Tell us about your background and how you came to be where you are now. I started my handyman business back in 2011 and was a complete novice when it came to business. But, I was determined to learn because I didn’t want to have to go back and get another 9-5. So, I invested in learning sales and marketing from other industries since the stuff for handyman and contractors seemed outdated. I applied and tested these strategies in my own handyman business, and got great results and quickly had a full schedule while charging a premium. Since, I’ve continued to learn, but I’ve turned a lot of my focus to helping other handymen and contractors through online training, so they can apply these strategies to grow their profits. What are some differences between you and your competitors? There are very few people doing what I’m doing for the handyman

This Podcast Is Episode Number 0184 And It Will Be About Unique Tips To Avoid Bookkeepers Who Will Destroy Your Construction Company This podcast was recorded in late September 2016 in response to a trend we see all across the USA including Alaska and Hawaii. It is likely happening everywhere in the world. When the world economy collapsed beginning in 2008, a lot of companies went out of business, and one of the hardest hit sectors was construction. Thousands of bookkeepers were suddenly out of a job, and many of them began to freelance taking on a few clients in order to pay rent and keep food on the table. As the economy continues to improve a lot of them are finding jobs with contractors like you because of the security that comes with having a stable income. The problem is they have been accustomed to having lots of free time during office hours to chat on their cell phones, surf the web, spend time on Facebook and other social media sites; not buckling down and getting work done, right and on time. In ad

This Podcast Is Episode Number 0183 And It Will Be About The Truth Behind Our Live Chat With Construction Contractors   I have been working as a Webmaster at Fast Easy Accounting for over a year now and I can truthfully say, I enjoy my job. I have been exposed to researching and reading all about the construction industry and were given the right tools and resources to expand my skillset. You, our visitors coming from this trade, must be thinking what do I know about this profession considering I am a web developer (if you haven't listened to Randal's podcast with me or would like to read my pilot blog post, please click here). Since my working hours are primarily dedicated to our online business presence - mainly website and social media, I took over our live online help for a couple of months. This experience, although not new to me, is something I look forward to and appreciate doing. It made me realized the purpose of my work in maintaining the website. I welcomed visitors and established a firsthand rela

This Podcast Is Episode Number 0182 And It Will Be About A Unique Faucet Of Qualified Leads Just For Contractors Like You! Today's Guest Article Is From Tomer Applebaum Tomer was interviewed for the Contractors Success M.A.P. Podcast and was very generous with his time and provided some extremely valuable insights for how you can generate Job Leads as easy as turning on a faucet. A Faucet of qualified leads You are a master craftsman You have spent years learning and plying your trade to get where you are. If you’re an electrician, you can run wires in your sleep. You don’t have to think about wiring the electric box, you know.. If you’re a plumber, you know just how much dope or tape to wrap for the seal to be tight. You don’t have to do it twice to prevent leaks. You do it right the 1st time. Whatever your trade, whether you're a painter, a carpenter, a handyman, whatever it is, you know it well. You can serve people and help them. And now you’ve started a business… Oh oh… The number 1 challenge As every

This Podcast Is Episode Number 0181 And It Will Be About Annual Taxes and Job Costing from the view of The Contractor The first question is why doesn’t the tax accountant help me with Job Costing? The reason is they are Tax Accountants, not Construction Accountants. If you say "I want to go to ONE Place to all my answers. Have a dedicated person be available whenever I call." You are not likely to find what you are looking for because someone with those skills will cost you several hundred dollars an hour. Maybe you think they are The Accountants and they should know the answers. They are just keeping it a secret. Maybe they don’t know what they are doing, and I need to get a new tax accountant. My Advice is Stop, take a deep breath. Is your tax accountant doing a good job with your annual taxes? If the answer is YES. Please keep them, they are doing what they are supposed to do. Annual taxes is like a job site at the end of the project. The Tax Accountant has a “Punch List” with loose ends everywhere, fi

This Podcast Is Episode Number 0180 And It Will Be About Annual Taxes And Job Costing From The View Of The Wife Of A Contractor The First Question You May Ask Yourself Is Why Doesn’t My Tax Accountant Help Me With Job Costing? They are Tax Accountants, not Construction Accountants and may not know the answers. You may think they are just keeping it a secret. Sometimes you may think they don’t know what they are doing, and maybe I need to get a new tax accountant. My Advice is Stop, take a deep breath. Is your tax accountant doing a good job with your annual taxes? If the answer is YES. Please keep them, they are doing what they are supposed to do. Annual taxes is like the game of “Pick Up Sticks” Details are everywhere, and all need to be gently picked up and placed on your tax return in a specific order. Not all of the items on the table are actual tax deductions. Your tax accountant must be up to date on the latest changes made by Congress and implemented by the Internal Revenue Service. Remember a few y

This Podcast Is Episode Number 0179 And It Will Be About Start-Up Your Contracting Company With Equipment Auctions You Started Your Cоnѕtruсtіоn Company, And Now You Need Tools, Equipment, Trucks, And Vans And You Are Dismayed By What Everything Costs The соѕt of ѕtаrtіng a Cоnѕtruсtіоn business саn be daunting and scary, tо ѕау thе least. Nо mаttеr whісh part of this wide wonderful іnduѕtrу you choose or hоw profitable іt may bе, еvery Contractor fасеѕ the same оbѕtасlеѕ fоr асԛuіrіng hand tools, power tools, truсkѕ, vans and heavy equipment. The bіggеѕt оbѕtасlе you will face is getting the money to buу what you need. So еԛuірmеnt аuсtіоnѕ can bе a grеаt hеlр to a Contractor like you. Considering the retail cost of properly outfitting one work van with the tools and equipment to open a skilled trade business like Plumber, Electrician, HVAC, Carpenter, Framer, Drywaller, Flooring, Roofer or any of the other dozens of skilled trades can cost over $25,000 then wouldn't it make sense to save money where you can

This Podcast Is Episode Number 0178 And It Will Be About Are You Trying to Find a Bookkeeper for Your Contractor Company? Construction Contractors Have Experienced The Worst Economic Times In The Past 100 Years And Now That You Are Getting Busy You Cannot Find A Decent Reliable Bookkeeper Four Things Contractors Are Saying About Bookkeepers: #1 I've been trying to hire a bookkeeper for my contracting company for a while and none of them are worth a darn! #2 I Tell Them "Your Job Is Make QuickBooks Give Me Reports I Need To Make Informed Business Decisions!" #3 I've hired four of them in the past few years and none of them have a clue about what I do as a contractor! #4 I am getting ready to hire bookkeeper number five, and I just can't take it anymore, and I am near meltdown! The Next Set Of Problems Is Related To Cash Flow #1 Now I am way behind on Invoicing for the work we have done, and I am having a hard time collecting the money. #2 I want to grow my company, do the stuff I am good at and see the money c

This Podcast Is Episode Number 0177 And It Will Be About Pain Free Lien Waivers For Contractors, Lenders And Title Companies Geoff Arnold, Luis Trejo And Sean Richardson were interviewed for the Contractors Success M.A.P. Podcast, and were very generous with their time and provided some extremely valuable insights for how you can streamline your lien waiver process. The article below is a recap of how it all works. Tell us about your background and how you came to be where you are now. In January 2016, Geoff Arnold, Luis Trejo and Sean Richardson started lienwaivers.io with the simple vision of creating a better way for all parties involved in a construction project to collaborate in the disbursement process. With their combined background in construction, finance, technology and product marketing, the team is uniquely suited to solve this problem. Their solution is a simple, intuitive, cloud­-based platform that integrates directly with common construction accounting software without requiring users to re­-e

This Podcast Is Episode Number 0176 And It Will Be About How Paper Invoices Are Bad For Your Construction Company Cash Flow By Anastasia Harold - Coolfront Affiliate Manager - Western Region You might be afraid to “go mobile” and ditch your paper work orders. I’m here to tell you there’s nothing to fear. In fact, it’s the paper invoices you should be afraid of. Here're the top ways that paper invoices are hurting your business: #1 They Get Lost Paperwork gets lost. Price Waterhouse Coopers (PWC) estimates finding one piece of paperwork can cost a company about $122. That could be your profit from an entire service call! PWC also estimates 7.5% of paperwork is lost forever. That could be 7.5% of your revenue from unbilled invoices. Customers agree too - they would rather have it in their email inbox. That’s one less receipt to keep track of. Storing your invoices digitally, or in the cloud, is the best way to eliminate lost paperwork and keep more information stored forever.   It's also estimated that 20% o

This Podcast Is Episode Number 0175 And It Will Be About Why Construction Accountant Is The Best Bookkeeper For Your Construction Company Experts Have Increased Knowledge And Skills. This is true whether you are talking about general bookkeeping, tax accountants, your mechanic, your doctor or other business professionals. “You’re Just the Bookkeeper” Yes in its most simple term – I’m just the bookkeeper. Of course, my clients look at it a little differently when we talk about the details of their business. What they do, how they do it, when do they bill, do they collect a job deposits.  If and when they should take payroll for themselves and how much should they take. And all of the “What About” questions that can come up – I’m an Ear – I’m a Resource! The list can go on for hours as I chat on the phone with existing clients, new clients from weekend warriors to brand new contractors to those who have been it the trades forever. Between all of the paperwork, taxes, and forms; bookkeeping is more complex than

This Podcast Is Episode Number 0174 And It Will Be About  Four Simple Steps To Make Your Contracting Company Great Again What Separates Wealthy Contractors From Poor Contractors • It's not lack of opportunities to bid jobs or get leads because getting leads is easy • It's not lack of ambition because every contractor I know is strong and ready to get busy • It's not lack of intelligence or the ability to develop a production method and follow it to the end • It's not lack of money because if you follow my method you know how to overcome that, just use O.P.M. The Answers Are Simple, But Not Easy • Wealthy Contractors begin with the end in mind and knowing what to do • Wealthy Contractors know who they are and what they believe to be true • Wealthy Contractors know what type of Contracting they are good at doing • Wealthy Contractors know how to generate more leads than they can handle Do You Want To Know How They Found The Answers? Step #1 Begin With The End In Mind  "The Seven Habits of Highly Effective Peop

This Podcast Is Episode Number 0173 And It Will Be About You Have Employees Now What? You started your Construction Company, Handyman Business, House Builder, Specialty Contractor or another form of contracting because you wanted to be your own boss, make a lot of money and enjoy some personal freedom. Then You Hired A Construction Worker And Something Went Horribly Wrong!      Welcome To The World Where You Are The B.O.S.S. (Bad Old Sorry Sucker) Most construction workers are good decent people who enjoy working with their hands making, building, repairing, remodeling and fixing homes and commercial buildings.  Good construction workers will not tolerate chaos or unfair labor practices. They will try out a lot of contractors until they find a contractor with a system. Preferably with documented processes and procedures. Good Construction Workers Have These Five Traits In Common: #1 High Self Esteem #2 Strong Work Ethic #3 Always Learning #4 Loyal To Family And Friends #5 Law Abiding Citizen Know The Fully

This Podcast Is Episode Number 0172 And It Will Be About QuickBooks Financials Do Not Match Your Contracting Company Tax Return  All Accounting Is Not Created Equal. Have you ever compared your QuickBooks Profit & Loss Report to your annual Income Tax Return and scratched your head trying to figure out why the numbers are so different? If you have, you are not alone because there are two different types of Accounting, and they serve two different purposes.   Tax Accounting Vs. Management Accounting  Tax Accounting Is external; its purpose is reporting income, preparing tax forms and making certain you pay your fair share of taxes and perhaps a little extra. For example Quarterly Tax Reporting, annual tax returns, state, county, city and local business and occupation taxes and sales tax reporting. Tax Accountants Are good people, and they have their place in the accounting world. Regular accounting, bookkeeping and contractors bookkeeping and accounting are not something they should be doing. No different

This Podcast Is Episode Number 0171 And It Will Be About Business Consultants Scamming Contractors As the economy is improving in mid-2016, we are seeing a disturbing trend of Business Consultants asking Contractors to make them a part owner of their Construction Companies in exchange for their services. I had seen this nightmare come to life several times beginning in the 1970's when I started my Construction Company. It usually happens just as the economy starts to improve and demand for construction services is far greater than the supply of Contractors to fill the need. There are a lot of seminars being put on by less than honest people promoting Get-Rich-Quick-Schemes for Business Consultants to take advantage of honest hard working contractors! There Are Several Parts To This Scam: They Make You Think They Know More About Running Your Business Than You Do They Want You To Pay For A Life Insurance Policy Naming Them Beneficiary They Have A Network Of People Who Need Work Done At Low Rates And Provide Ki

This Podcast Is Episode Number 0170 And It Will Be About Ten Construction Tools You Can Fit in Your Pocket Today's Guest Article Is From Simon Worsfold A Copywriter At TSheets There are some tools that apps will never replace. Hammers for example. But smartphones are making lighter work for many in construction and the industry has definitely switched on to their potential. According to at least two recent surveys, one by On Center and the other by JBKnowledge, four out of five construction workers are now using apps on the job site. From punch lists to project management, there’s a huge range of construction apps out there now and to help you choose the best of them, TSheets has recently announced a new “Top Ten Construction Apps” awards. For A Tsheets 14 Day Free Trial Go To https://www.fasteasyaccounting.com/tsheets The winners fall into ten categories: Safety, Estimates & Bids, Measurements, Time Tracking, Photo Annotation, Task Management, Blueprints, Project Management, Reporting, and Communication.

This Podcast Is Episode Number 0169 And It Will Be About Secrets Of Successful Handyman Contractors Why do some Handyman Contractors make a good living and have a solid income while the majority are struggling with cash flow, profit, and dealing with the same daily tasks until they retire or die of old age and a worn out body? Here are ten secrets you can use to make more money. 1. Vision For Where Your Handyman Company Is Going Your inner world shows you exactly where your outer world is heading. Daydream and ask yourself "What if.." It’s fun and easy and very profitable. Interview yourself about where your Handyman Company is going. Have a conversation with yourself and record it on paper, computer, audio recorder or whatever works for you. To begin with go wild and wooly, no judging, no censoring, just let your thoughts flow and record it all. The first step to deep analytical thinking and decision making is letting loose then sifting through to find the nuggets of wisdom. Sleep on it, review it the next m

This Podcast Is Episode Number 0168 And It Will Be About About Three Key Questions Successful Contractors Ask Themselves Three simple questions contractors need to ask themselves to ensure your company and brand continues growing cash flow and profits. Three questions that if all owners of failed construction companies had asked themselves, they might have survived and thrived. They are simple, obvious questions, but how you answer them will determine if your construction company will stand the test of time. There was a time when a contractor put a simple ad in the paper or a line listing in the Yellow Pages, and they would have more leads than they could handle. It was the only way to go and the contractors who insist on that and "Word of Mouth" do not survive. Could Those Contractors Have Avoided Failure? I believe they could have. This article explores three key questions that every contractor needs to ask themselves. They need to answer them in ways that provide a clear path to continued and future growth

This Podcast Is Episode Number 0167 And It Will Be About 5 Tips Contractors Need To Follow To Be More Green  Today’s podcast from an article written for our website blog by Jessica Kane, a professional blogger who writes for Federal Steel Supply, Inc., a leading supplier of carbon, alloy and stainless steel pipes, tubes, fittings and flanges. Nowadays, going green is the biggest way to draw in customers. This is true for most industries, but contractors are particularly affected. After all, who wants to pay for a house that will just end up wasting resources and costing the buyer more? For any contractors that want to go green and draw in more customers, here are 5 ways to be more eco-friendly. 1. Use Green Materials If there is ever the option, always err on the side of using recycled building materials. Things like recycled glass and tile are easy to come across and ensure that they do not contribute to taking up space in a landfill. As an added bonus, recycling has become such a buzzword that it will qui