Payroll is always a challenge – don’t let these common mistakes make the job even more difficult… All businesses work to ensure their payroll is as efficient, and accurate as possible – and compliant with a long list of strict regulations. With so much administrative detail to consider, and the added pressure of strict deadlines, […]
8 Disastrous Payroll Mistakes You Should Avoid At All Costs Read More »
Discover the reasons why every contractor should have proper contractors insurance coverage. Being a contractor is a dream job for many people, which isn’t really surprising. After all, who wouldn’t want to be your own boss, with full control over your work hours and substantially better pay than a regular, salaried employee? However, for all
Top 5 Reasons Why You Need Contractor Insurance Read More »
When businesses struggle, it’s usually because of two reasons: either they were not able to satisfy their customers, or their marketing strategy needs a lot of work. No business can grow without the consumers; that’s why it makes sense for business owners to capitalize on brand promotion. And nowadays, there’s no better way to get
Why Struggling Businesses Need to Launch an SEO Campaign Read More »
An Employer Identification Number (EIN), also known as a Federal Tax Identification Number, is a nine-digit number that the IRS assigns to business entities. The IRS uses this number to identify taxpayers that are required to file various business tax returns. EINs are used by employers, sole proprietors, corporations, partnerships, non-profit organizations, trusts and estates,
What is an EIN? When do You Need it? And How do You Get One? Read More »
Service agreements (SAs) are critical to increasing the value of your company, increasing cash-flow, improving profitability, and decreasing employee turnover. SAs increase the value of your business because potential buyers usually value them over anything else. SAs improve cash-flow because you get paid for services you have not yet provided. SAs improve profitability by increasing
Top Three Mistakes to Avoid When Selling Service Agreements Read More »
Many service companies under pay overtime which creates an ever-increasing financial burden that will catch up to many companies. We all know that we must pay regular time plus 50% when employees work more than forty hours in a work week. Some states require overtime after 8 hours in one twenty-four-hour period. What many
How to Calculate Overtime the Correct Way Read More »
Getting qualified sales leads for your HVAC, electrical, plumbing, or really any field services business is critical for success. Creating these leads should be your single most important objective. The more quality leads you are able to get, the more likely you are to get long-term customers. There are many proven ways to effectively generate
5 Ways to Maximize Sales Leads Read More »
Protecting your money is one of a business owners top priorities. Unfortunately many owners fall victim to financial loss which could have been prevented. Below are four primary things every business should understand and create processes and oversight to protect your money. Know Your Financials Accounting is the basis of good business decisions. For that
Protect Your Money with 4 Quick Bookkeeping Tips Read More »
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How to Create a Bonus Plan for Managers Read More »
Imagine giving a technician a significant raise and being 100% certain you will be able to afford it and that they are still highly profitable. Well, you can. This is part three of three in my series of posts talking about the importance of financial structure. If you haven’t seen my last post, please go
Financial Reporting Structure for a Contracting Business. Part 3 Read More »
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