Professional Builders Secrets brings you an insightful episode with Josh Hallam and Sam Falanga from Falanga & Co. In this episode, the duo delves into the often-overlooked but critical area of tax planning for builders. With candid stories and practical advice, Josh and Sam explain how poor financial planning can lead to "tax shock" and offer real solutions to prevent it.

This episode is sponsored by Apparatus Contractor Services, click the link below to learn more:hubs.ly/Q02mNSsG0

INSIDE EPISODE 189 YOU WILL DISCOVER

• Why many builders fall into "tax shock"
• The importance of cash flow management
• How to forecast and plan for monthly, quarterly, and annual tax obligations
• What to look for in a trusted accounting partner
• Why relying solely on your bank balance is a mistake

ABOUT SAMUEL FALANGA

Driven by a strong desire to help people build successful businesses, Sam established his own practice in 2011. Since founding Falanga & Co, Sam has built a highly capable team of business coaches, and has established the firm’s reputation as a trusted and effective partner for success across multiple industries.

Connect with Sam: linkedin.com/in/samuel-falanga-7939a265/

ABOUT JOSH HALLAM

Bringing over a decade of senior executive experience to Falanga & Co, Josh is responsible for overseeing all aspects of the firm’s operations. From the development and implementation of strategic plans, to ensuring the firm is meeting its financial and operational objectives, Josh plays a pivotal role in the strategic direction of the firm.

Connect with Josh: linkedin.com/in/josh-hallam-6904711b/

TIMELINE

• 2:36 Why builders leave tax planning too late
• 6:53 The case for monthly lodgements over quarterly surprises
• 12:02 How one builder lost $270K by not managing accounts receivable
• 16:23 The role of your accountant as a business partner
• 25:20 Why your bank balance isn’t a measure of success
• 29:07 The importance of charging for every variation

LINKS, RESOURCES & MORE

APB Website: associationofprofessionalbuilders.com

APB Rewards: associationofprofessionalbuilders.com/rewards/

APB on Instagram: instagram.com/apbbuilders/

APB on Facebook: facebook.com/associationofprofessionalbuilders

APB on YouTube: youtube.com/c/associationofprofessionalbuilders