If you have a career in the skilled trades, you’re no stranger to hard work. You use your tools, your hands, and your know-how to get the job done, sometimes working 12-hour days or scrambling to make tight deadlines. Often times, tradespeople, construction workers, and contractors have to juggle a lot of tasks, clients, and paperwork to keep things running smoothly; either putting in more hours to do it themselves, or relying on a receptionist or family member to manage their books. But this is stressful to everyone involved, and can result in errors and other mishaps, some of which are serious and may damage the business.
When you’re running to and from the jobsite, or on call for residential emergencies, you don’t have the time or energy to make sure your bookkeeping is immaculate. And you shouldn’t have to! Hiring a qualified CPA, especially one that is familiar with the skilled trades and related industries, is one of the best business investments you can make. With professional help, you can rest easy knowing that your books are clean and balanced, your payroll is handled on time, your bills can get paid efficiently, and you are good to go come tax time.
You should be able to stay focused on the important work that you do, and put your energy and effort into growing your company and gaining new contracts. If you’re always worried about sorting out tax documents, adding employee benefits to your payroll, or staying on top of licensing, you won’t be able to expand and support yourself the way you want to. Luckily, these tasks are things that a CPA will happily do for you, freeing you up to focus on your work. There are a lot of advantages of bringing a certified accountant on board your skilled trades small business, but here are just a few to get you started:
- Your accounts can be tracked, paid, and settled on time
- Your employees can be on-boarded, paid, and given benefits easily
- Your clients can have the ease of invoicing and simple payments
- Your revenue can be tracked and accounted for
- Your tax forms can be filled out quickly and accurately
- Your government breaks and benefits can be found and applied for
- Your overall financial picture can be clear and stable
Whether it’s just you or you have several other tradespeople working for you, it’s a great idea to consult with a CPA about your business records and finances. Because when you don’t have things like payroll and bookkeeping weighing on your mind, you can better focus on doing the best job you can. And when you do your best, your clients will be happy, your referrals will grow, and your revenue will start expanding!