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 »
How did people do bookkeeping before there was software? Well, they filled out a lot of forms, double and triple entered information, wore out adding machines, spent a huge amount of time preparing reports, and thought carbon paper was awesome. First a Little History Accounting’s history can be traced back thousands of years to the …
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 …
The following glossary is from our book “Simple Accounting Principles for Small Contractors“. This book is available for purchase at mrhvac.com. It contains the most common HVAC related accounting and bookkeeping terms. Seek additional accounting resources for more comprehensive and detailed information. Please also see our Technician’s Dictionary of Proper Grammar. A Account: A record …
Complete Accounting Dictionary to Benefit Your HVAC Company Read More »
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Understanding the 5 Types of Accounting to Grow Your Business Read More »
It a began in 1996; James R. Leichter, a well-respected Kansas City contractor decided he wanted to help other contractors with the same issues he encountered with best business practices and sharing advice with other contractors. After working in the HVAC field since 1985, James started his own successful HVAC company, Envirotech. In 1996, he …
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