Cash flow and bad bookkeepers are the #1, and #2 reasons construction companies go out of business. 
Do NOT hire any Contractor Bookkeeping Service until you read this guide.

Effective January 1, 2022, W-2 employees employed in WA state will be subject to a 0.58% payroll tax on all compensation. You can either pay the tax for the rest of your working years or own a long-term care policy before October 31, 2021.

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    The Reason Why Some Construction Projects Fail

    Posted by Sharie DeHart on Fri, Jan 29, 2021

    Estimating and submitting bids is one of the most stressful and nerve-wracking sides of your construction business. It is essential to keep in mind that "break-even" in the construction business is challenging to calculate because most projects are one-of-a-kind custom jobs. Proactive contractors have systems and cost libraries with pre-priced assemblies for bidding, which works in conjunction with Strategic Construction Accounting to provide management with progress invoicing, job costing, and job profitability.

    With poor bookkeeping, misguided judgment, and clerical errors come bad decisions on what projects to bid on and not to bid on until eventually, you'll run out of time and money. This is why some construction projects fail or, worse, construction companies get bankrupt. 

    Read More

    Topics: The Contractors Account, Construction Project Managment, Contractor Champion, Contractor Tips, Trade Show

    A Guide On How To Provide Year-round Value To Your Contracting Clients

    Posted by Sharie DeHart on Fri, Jan 01, 2021

    Markets are dynamic and continually evolving, so no business can afford to stand still. Many construction business owners have learned that in the last few months as COVID-19 spread around the world. No matter how excellent your products or services, they have a finite lifespan, so they must be developed, improved, or replaced if you're continuing to grow your business.

    New products, services, and ways of providing more value to your clients and prospects are the hallmarks of a go-ahead business.

    Improvements and extensions

    You can lengthen your services' market life through a process of continuous improvement in response to customer feedback. You can also work on extending your range through complementary products or services.

    However, there's a limit to the extent you can keep on refining, and in many cases – in the end, you'll need something new. Besides, if you are a trade contractor specializing in a specific skill and service, how can you translate your expertise to show that you have your prospective clients' best interest year-round?

    Read More

    Topics: The Contractors Account, Thoughts And Inspirations, Systems And Processes, Contractor Tips, Trade Show

    Why Trade Shows Are Valuable To Your Construction Business (Featuring Seattle Home Show Spring 2019)

    Posted by Norhalma Verzosa on Fri, Mar 01, 2019

    Organizations and industries, no matter the career discipline, is fully invested in coordinating and taking part in conferences, summits, expos, and exhibits. Industry trade fairs are remarkably relevant to construction company owners because it leverages traditional marketing practices without being intrusive (because your target market comes to you), fosters real, solid relationships, and promotes camaraderie among your associations.

    Read More

    Topics: Construction Strategy, Relationships, Contractor, Contractor Tips, successful contractor, Seattle Home Show, Trade Show

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