One of the biggest misconceptions in the trades industry is that the more job offers you take, the bigger the pocketbook. However, that is simply not the case. It doesn’t matter if you are selling 20 roofs or 100 roofs. If you aren’t keeping track with your finances and fully optimizing your profitability, you could be losing thousands of dollars. 

When it comes to tax planning, many tradesmen wait until tax season to gather their dashboard receipts and hire someone to put all together. But at the end of the day, they end up owing thousands of dollars to the government where they could have been saving money and maximizing their profits, and with less roofs sold!

This week, I am talking with Andrea Gray Financial Controller at the Lendwood Hazel Group. Andrea shares the biggest barriers for tradesmen getting their finances in check, the importance of tax planning ahead of tax season, and why every penny counts. 

According to Andrea, one of the biggest setbacks for tradesmen is not seeing the value of bookkeeping until tax season. By scrambling last minute to get all of your books in order, you aren’t able to see the opportunities ahead of time to maximize your profits. Throughout our conversation, we also discuss the various layers of profitability and how to implement strategies to keep track of your expenses.

Topics Discussed:

• The value of bookkeeping and job costing 
• Pinpointing opportunities for better profitability
• Why you need to always track where is the money going 
• Misconceptions in the trades industry
• How to maximize your profits 
• Why waiting until tax season is detrimental to your company’s growth

The Nail Method Toolbox is the step by step blueprint on how to increase revenue, decrease expenses so that you can gain more clients and give uninterrupted time to your family… 

...Without the stress of having to check your phone for new jobs or follow ups before bed. 

Get access to the FREE NAIL Method Tool Box: https://heartcenteredtradesmen.com/nailmethod

Learn More about How You Can Save on Your Taxes:

https://lenwoodhazeltax.com