Hacker Accounting has been working with entrepreneurs and small business owners for many years now including plumbers. We have seen plumbing businesses that go on to become great success stories. Others that have had to close up shop and move onto something else after a very short period of time. This is true whether for both one-man outfits and businesses with several people involved.
With any small business, there are some strategic benefits when it comes to both paying taxes and planning for future taxes that can weigh heavily on their overall success. Plumbing businesses are no different.
Stick to What You Know
When a plumbing issue comes up at the offices of Hacker Accounting, we know better than to try and tackle the problem ourselves. We go straight to a professional who is experienced and practiced at dealing with plumbing problems. The same should be true for plumbers who find themselves trying to handle their own taxes. In the long run, turning your taxes over to someone with experience will save you time and money. It also allows you to spend more time doing what you do best.
We understand how tempting it is to take on everything when you own your own business. You are trying to keep costs down and want to stay in control of everything. While this can and often does work to begin with, there comes a point when it is better to trust a professional to handle your taxes.
Laws that govern the collection and payment of taxes are always evolving and changing. For example, in 2015, there are new laws that go into effect that impact taxes paid on the materials contractors use for construction and repair in a home or office. Even if you are aware of these changes, it can still be tricky knowing what you can do to ensure your plumbing business is taking advantage of these tax laws.
Accountants know the law and understand their implications. We can provide advice that will not only make a difference now, but also down the road. Part of what a good accountant will do is focus on the long-term, which helps you feel confident that your business will be around for a while.
Details That Are Overlooked
As a plumber, when is the last time you showed up to a home or office to inspect a reported problem only to find that the owners had tried to fix the problem themselves, but missed a tiny, but important step? This happens all of the time when it comes to accounting. Rather than trying to learn all of the details that might make a difference, trust the experts at Hacker Accounting who already know these important points.
Call Hacker Accounting to learn more about how we can help your plumbing business grow and succeed. We can be reached at (602) 375-5251