Bookkeeping Services for the Contractor/ Tradesmen
Contractors and Tradesman have special Bookkeeping Requirements compared to other small businesses. We have worked with many tradesman in different fields and our well equipped to help you create a effective bookkeeping system to increase your bottom line!
– Individual Job Costing – When you are providing large services to individual clients it is important to track profits on a job to job basis. Not only to determine what works but to have the ability to make profitable bids for work as well
– Vehicle Mileage and Expense tracking – For many the work truck is the tradesmen’s mobile office. It is important to track charges and business related kilometers
– WSIB Administration – With the passed mandatory coverage legislation it is important to know when you are required to be covered and what wages are exempt. We will make sure you claiming what you need to.
– Advertising Consulting – It is important to get the word out why your services are the best available. We can help go over some of the options to improve your online presence and other marketing strategies pros and costs.
– Digital Invoicing and payment integration – We can go over some of the available options for sending your clients invoices on the go as well as how to improve collections through receiving payment through online banking and credit card.
– Data Pick up and Filing – We know your busy and do not have time to organize and file your receipts. We pick up your data and organize into systems that make sense.
– Subcontractors vs Employee – We will help you distinguish how to account for your hired help. Classing someone incorrectly could comeback to haunt you in the form of interest and penalties.
– T5018 and T4A – Along with your payroll we will ensure that all of your subcontractors are issued their required slips