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0117: When Your Accountant Says You Don't Need Job Costing
It's Because They Don't Need It
To Fill Out The Annual Tax Return!
Contractors like you regularly ask us if there is a way to have Job Costing Reports and have their annual tax return prepared and the answer is Yes!
99.99% of the time we find out the same company that is providing the contractor bookkeeping services is providing the annual tax preparation services. As you may or may not know there is a whole lot more money in preparing tax returns than there is in providing contractor bookkeeping services.
Accounting firms offering both contractor bookkeeping services and annual income tax service or if they have a related company which they STRONGLY RECOMMEND then you use to prepare your income tax return then you can bet your bottom dollar they will do everything possible in QuickBooks or Xero to make filling out the annual tax return as quick and painless as possible no matter what it costs you in the long run.
It is a less than desirable trait of human nature to want to make the most money possible in the short run even if it costs you money and lost profits or paying too much income tax. This shortsighted thinking is everywhere, not just tax preparers in the end it costs everyone a lot of long term wealth and happiness.
The financial health and well-being of your construction contracting company depends on you believing the days when one person did it all is over:
• The builder who did everything from clear the lot, to building the house, installing the plumbing, wiring, HVAC and landscaping the yard
• The doctor who made house calls anytime day or night regardless of how tired he or she was; during holidays and bad weather
• The accountant who did all the bookkeeping and prepared the annual tax return is long gone and has been for a long time
When Your Construction Accounting Is Done To Treat The Tax Preparer As KING!
You Have Diving Board Support For Construction Company
We Offer A Team Of Bookkeepers And Construction Accountants To Support Your
Construction Accounting Needs And Treat You As The King!
Listen to this Podcast for more…
If you are Thinking About Outsourcing Your Contractors Bookkeeping Services you are invited to download a guide to finding the right contractor bookkeeping service to fit your particular situation at www.FastEasyAccounting.com/hs
Call Sharie now 206-361-3950 or [email protected] and schedule your no charge one-hour consultation.
View all episodes
By Randal DeHart, PMP, QPAIt's Because They Don't Need It
To Fill Out The Annual Tax Return!
Contractors like you regularly ask us if there is a way to have Job Costing Reports and have their annual tax return prepared and the answer is Yes!
99.99% of the time we find out the same company that is providing the contractor bookkeeping services is providing the annual tax preparation services. As you may or may not know there is a whole lot more money in preparing tax returns than there is in providing contractor bookkeeping services.
Accounting firms offering both contractor bookkeeping services and annual income tax service or if they have a related company which they STRONGLY RECOMMEND then you use to prepare your income tax return then you can bet your bottom dollar they will do everything possible in QuickBooks or Xero to make filling out the annual tax return as quick and painless as possible no matter what it costs you in the long run.
It is a less than desirable trait of human nature to want to make the most money possible in the short run even if it costs you money and lost profits or paying too much income tax. This shortsighted thinking is everywhere, not just tax preparers in the end it costs everyone a lot of long term wealth and happiness.
The financial health and well-being of your construction contracting company depends on you believing the days when one person did it all is over:
• The builder who did everything from clear the lot, to building the house, installing the plumbing, wiring, HVAC and landscaping the yard
• The doctor who made house calls anytime day or night regardless of how tired he or she was; during holidays and bad weather
• The accountant who did all the bookkeeping and prepared the annual tax return is long gone and has been for a long time
When Your Construction Accounting Is Done To Treat The Tax Preparer As KING!
You Have Diving Board Support For Construction Company
We Offer A Team Of Bookkeepers And Construction Accountants To Support Your
Construction Accounting Needs And Treat You As The King!
Listen to this Podcast for more…
If you are Thinking About Outsourcing Your Contractors Bookkeeping Services you are invited to download a guide to finding the right contractor bookkeeping service to fit your particular situation at www.FastEasyAccounting.com/hs
Call Sharie now 206-361-3950 or [email protected] and schedule your no charge one-hour consultation.