Duluth/Gwinnett CPA: Construction Accounting for Gwinnett & Atlanta Contractors & Builders
At His CPA PC we work hard to help Gwinnett and Atlanta Contractors and Builders with their Accounting, Bookkeeping and Tax needs. Put our CPA to work to make sure you select the right entity for your business while keeping in mind that most S Corporations for active employee owners/contractors will pay less overall taxes during the filing of their business and personal income tax returns than that of an LLC.
Be sure you set up your bookkeeping for your Gwinnett and Atlanta contracting business to accurately reflect your business operating results and the gross margin of your clients by job. In setting this up it is essential to have set up your accounting package such as QuickBooks so as to enable the efficient summarizing and recording of your financial data by well considering the necessary chart of accounts.
As a CPA for Gwinnett & Atlanta Contractors we are well poised for to assist: -Residential and Home Contractors. -General and Sub Contractors. -Independent Contractors, Proprietorship’s, S Corporations, LLC’s and C Corporations.
-Roofers, Landscapers, Painters, Framers, Window Installers and Concrete Contractors.
-Plumbers, Electricians, Carpet Companies, Hardwood and Flooring Companies.
-Granite Contractors, Kitchen Cabinet Contractors, HVAC Companies and Insulation Companies.
-Residential & Commercial Home Builders.
-Foundations & Fire Proofing.
-Wells & Sprinkler Systems.
-Bathtub Refinishing & Sound Systems.
-Countertops and Glass/Window Installers.
-Scaffolding and Swimming Pools.
-Waterproofing, Tinted Glass and Movers.
Gross Margin Analysis for Gwinnett/Metro Contractors
Your profit and loss statement contains a recap of your contracting business operating results and summarizes the positive and negative influences of every business decision you reach. Though many of the balance sheet indicators are somewhat lagging to predict a firm’s success, the profit and loss statement dramatically states and presents current financial data. There is no statistic, computation, component or percentage as important as a company’s gross margin. Beguiling a tale of success or failure the calculation of a business cost of goods sold and corresponding margin of profitability speaks volumes as to the firm’s management ability. Pricing of a ventures products and services are an integral component of ongoing operations.
A persistent review of pricing and a comparison to the corresponding construction costs to create these products or services will determine a firm’s niche in the market place, and its competitive advantage in the business climate in which it serves. A continual pattern and scrutiny of your gross margin will better enable you to maximize your operating results. Beyond a shadow of a doubt you cannot sell yourself out of a slump. On the contrary, if you persist in selling at below acceptable prices/standards, you will unnecessarily perpetuate an otherwise avoidable result. Gross margin analysis and their corresponding changes to operations dramatically heighten the probability of your business’s sustainability.
Discovering the pulse of your contracting business is critical to hearing its needs and for its care and feeding. We work with clients everyday to both decipher and discern their business’s heart beat and to help you understand the nuances of what makes your business tick. Call us today to learn how you can discover the plethora of information available to help you run your business efficiently and profitability.
We listen attentively to our Gwinnett & Metro Atlanta clients assisting them with:
-Preparation of Business & Personal Income Tax Returns.
-Financial Statements, Bookkeeping, QuickBooks Set Up & Payroll Administration.
-IRS/Tax Representation, IRS Penalty Abatement, Back Taxes & Offer in Compromise.
-Tax Compliance & Review/Amending Prior Returns.
-Tax Planning, Tax Mitigation & Tax Strategies.
-Business Set-up, Entity Selection, Filing for Your S Corporation Election & Converting Your LLC to an S Corporation.
-Virtual CFO/Controller, Strategic Planning, Business Consulting & Mergers and Acquisitions.
Call us today for a free initial consultation.
www.HisCPA.com A Christian CPA Firm in Duluth GA Proudly Serving Suwanee, Lawrenceville, Snellville, Lilburn, Duluth, Norcross, Peachtree Corners, Atlanta, Gwinnett, Fulton, Johns Creek, Roswell, Forsyth, Flowery Branch, Buford, Cumming, Dunwoody, Alpharetta, Dunwoody, Sandy Springs and Tucker as a Faith Based CPA Firm