What if I told you, your painting business could improve employee loyalty and save thousands of dollars on taxes with one action? Sounds like a crazy idea, right? Well, I’m here to tell you it is possible by claiming the Small Employer Health Insurance Tax Credit.
In this video, I review the eligibility and benefits of claiming the retirement plan startup cost tax credit. I also review an example of how much a painting business owner can save starting a retirement plan.
I recently wrote a blog post for BloggingPainters.com on the recent IRS extension of the Work Opportunity Tax Credit.
The peak season for the house painting industry is upon us. This time of year painting business owners must deal with the chaos of multiple on-going job sites, the barrage of estimate requests, and reams of paper receipts to track. Luckily, there are a few software solutions that can alleviate these headaches.
In a recent article, I discussed how your painting business could benefit from tracking key performance indicators (KPI) in your painting business. In the video below, I walk through KPI basics and show you how cloud-based software, Fathom, can be used to track KPIs. I also briefly review a couple of useful tools in Fathom to include the Cashflow waterfall graph and the GoalSeek tool.
In this video, I review how to do a painting estimate using Quickbooks Online Plus. To include how to set up your custom forms, a technique to include your markup, and how to copy data to an invoice.
Do you have the insight into your painting business to make targeted improvements to make more money? With the right insight into your business, you can almost instantly improve your financial position.
One of one most powerful planning tools your bookkeeper can help you with is a budget.
If you are not getting and reviewing a budget with your bookkeeper, it’s time for a conversation (or a new bookkeeper).
According to a Washington Times Article from late last year, a bookkeeper pleaded guilty to stealing $200,000 from a painting business owner from Buffalo, New York. Officials say he forged checks and did unauthorized bank transfers to himself over a 1 year period.
How can you prevent this from happening in your painting business?
To ensure your painting business is set up to allow you to gain insight into your financials and is easily accessible on-the-go, use Quickbooks Online Plus and follow the steps in this video to get started.