Profit and Loss and Markup
By Michael StoneWhen your books are set up properly, it’s easy to calculate your markup, and it’s also easy to compare your actual results to your estimates.
Calculating for Taxes
By Michael StoneTaxes are the price you pay for being profitable. It’s a good thing when your business is in the black and you need to pay taxes on it. It’s not good when you’re taken by surprise.
Construction Business Safeguards: Fraud and Embezzlement
By Michael StoneWe hear many stories from business owners who have had to recover from the theft of funds by their own employees. Today we’re sharing a list of things you can do to protect yourself and your business.
Job Costs and Overhead
By Michael StoneI’ve seen contractors try to apportion overhead on a daily, weekly, monthly or per job basis when compiling their estimates. I don’t recommend any of those approaches.
Bookkeeping, Markup, Taxes, Advertising
By Michael StoneThis week I want to catch up on a few things that have been bothering me.