Accounting for Tradespeople

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Accounting for Tradespeople

 

Being in the trades or building industry you need an accountant who understands your business.

Here at KeyPlay Business Solutions we appreciate the unique nature of the trades including the importance of cash flow, quotes, invoicing, job costing and scheduling, progress payments, retention and variations, tracking project profits and paying sub-contractors. This is in addition to the usual small business compliance issues of GST, BAS, PAYG and Superannuation.

The long hours and physical demands associated with the trades often means accounting and taxation issues don't receive the attention they deserve. While GST, BAS and tax payments often represent some of the largest financial obligations for a business, most tradespeople fail to manage their tax appropriately. As a result we find many tradespeople pay too much tax, miss legislative obligations and expose themselves to substantial fines or interest penalties. Failing to adequately prepare for tax obligations can also play havoc with your business cash flow that is so important in the trades.

We are not your average accounting firm that just keeps the ‘score'.

Our mission is to help you grow your business and with over 20 years combined experience with clients in the trades you can benefit from our experience. To support this claim, visit the ‘client services directory' on the home page of our website where we invite our database of clients to use the services of our business clients including various tradespeople.

Over 50 Trades & Services

We have over 20 years combined experience servicing clients across a broad range of trades including:

 

  • Air Conditioning
  • Appliance Repairs
  • Bathroom Renovations
  • Blinds - Repair & Installation
  • Bricklaying
  • Builders
  • Carpenters
  • Carpet Cleaning
  • Carpet Repairs
  • Ceiling Repairs
  • Commercial Cleaning
  • Concreting
  • Domestic Cleaning
  • Electricians
  • Fencing & Gates
  • Floating Floors
  • Floor Sanding
  • Furniture Assembly Guttering
  • Guttering
  • Garden Maintenance
  • Gas Fitters
  • Glazing
  • Handymen
  • Home Security
  • Insulation
  • Interior Decorators
  • Joinery
  • Kitchen Renovations
  • Landscaping
  • Lawn Care
  • Painters
  • Paving
  • Pergolas
  • Plasterers
  • Plumbers
  • Rendering
  • Retaining Walls
  • Reticulation
  • Roller Doors
  • Roof Tilers
  • Roofing
  • Security Doors, Gates & Grills
  • Telecommunications
  • Tiling
  • Timber Floors
  • Tree lopping
  • Vinyl & Carpet Laying
  • Window Cleaning
  • Wrought Iron Gates & Balustrades

What to Look for in an Accountant

As a business owner you need more than an accountant who just keeps the score. We are not your average accounting firm and we aim to help you build a better, more profitable and valuable business by combining the knowledge of your business with our consulting tools and expertise.

Tradespeople are one of our specialist client groups and you can benefit from our experience. If you are looking to start a business in the trades talk to us about our comprehensive 45 page booklet, ‘Starting or Buying a Small Business'. It is a valuable resource available to clients and explores all the key issues such as alternative business structures, GST and tax registrations, record keeping, legal issues, employing staff and preparing a business plan and cash flow budget.

How We Can Help You

Just like your  trade, we recognise the need to deliver timely, quality advice and services. Our approach is personal and you will enjoy support, guidance and accessibility together with cost effective strategies and solutions.

We want you to discover the difference and we offer you a full range of accounting, tax and financial services. Contact us today because your business success is important to us.

 

Because we are specialist tradespeople accountants we offer you a gift to help improve your business. Please download this Tender and Quoting Spreadsheet and contact our office to access its full functionality.

Your next step to running a highly successful business is to measure your tenders and quotes against your actual results. Ask us about our MYOB ‘Tradespersons Manual' specifically designed for tradespeople and managers.

 

To find out more please see our article '11 Things Every Tradesperson Should Know'.

 

 

 

 


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