Items Tagged with 'accounting'

ARTICLES

The Contractor’s 60 Minute Exit Plan, Part 2 – How to Cash Out, Eliminate Taxes and Retire Comfortably - Part 2

There's Only One Guarantee – Part 2

January 17, 2020

To ensure that your inevitable exit is a successful one - an exit that will deliver on your future financial, personal and business goals - you need an exit plan.

Why You Need Both an Exit and Succession Plan

Exiting in the next 15 years? Both the owner and the business need an exit strategy.

Kevin Kennedy

February 25, 2019

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A business owner cannot replace themselves (succession) until they can clearly envision their financial future (exit plan).

Understanding How to Spot Trouble on Your Roofing Company's Profit and Loss Statement

November 14, 2018

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Accounting, particularly profit and loss statements, is much easier to understand than many contractors realize.

7 Key Risks in Your Roofing Business Exit

Kevin Kennedy

April 11, 2018

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Most company owners have never exited a business and are unaware that the odds are against them.

How Tax Reform Could Mean a "BOOM" to Commercial Roofing

New tax laws will make it less expensive to operate your business this year compared to last.

Joe Bazzano

February 22, 2018

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This article will review some of the tax reform bill’s provisions as they relate to business owners in the roofing industry, and provide some guidance on changes that may be appropriate for the exiting owner.

Common Financial Mistakes Roofing Contractors Make

As a contractor, you call all the plays, make all the decisions and drive the business.

Monroe Porter

October 5, 2017

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It's funny how some things have changed in the last 40 years regarding contractors but much hasn't.

Getting "Un-Stuck" From Your Business

It's important to get greater clarity in your ﬁnancial future and retirement planning now.

Kevin Kennedy

April 6, 2017

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The entire process of exit planning can get bogged down with the technical jargon of accounting, law, tax codes, estate planning, insurance and financial planning.

Simple Financial Mistakes Roofing Contractors Should Avoid

Monroe Porter

March 17, 2017

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There are simple procedures and financial logic that can help roofing contractors avoid negative financial situations.

How Trump's Tax Changes will Affect Your Exit and Business

It’s clear that this new administration is looking for a high volume of business to generate necessary revenue.

Joe Bazzano

February 4, 2017

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Last November marked the end of one of the most contentious presidential elections in quite some time.

Exiting Your Business can be a Taxing Experience

Beware of these ﬁve critical decisions that could sabotage your business exit and retirement.

Joe Bazzano

December 2, 2016

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After long hours and substantial risk-taking, the business owner has created an asset that, if transferred efficiently, could provide financial security for themselves and their families.

2020 March

The March Issue includes RC's Young Guns feature, which highlights young roofing contractors! Check out these 7 successful up-and-comers in the industry as well as roofing business advice, contractor profiles, and more.

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