How To Apply For S Corporation in Colorado

 You’ve probably heard that electing S corporation tax status can be a smart move for tax purposes. That’s especially true here in Colorado, where the rules are straightforward and the benefits can be solid for contractors and trade professionals. For contractors, it often comes down to one question: can this structure help you keep more […]

What Is the Average Construction Industry Profit Margin in 2025?

You can pour months into a project, send out a huge invoice, and still feel like there is not much left in the bank. Crews worked overtime. Materials went up mid-job. Change orders got messy. On paper it looked like a win. In your gut it felt thin. Sound familiar? Many construction owners feel the […]

Contractor’s Dilemma: Choosing the Right Bills to Pay First

As a contractor, managing your finances can often feel like a juggling act. With various expenses and bills piling up, it’s crucial to prioritize your payments effectively to maintain a healthy financial balance. In this blog post, we’ll explore some practical tips to help you determine which bills to pay first, ensuring that your business […]

Tracking Bills in QBO: Useful or Not?

As a tradesman, keeping track of bills can be a hassle. With countless expenses ranging from equipment and supplies to gas and travel costs, managing finances can quickly become overwhelming. However, QuickBooks Online offers a streamlined solution to effortlessly manage and track your bills in one convenient place. So, why should you track your bills […]

Why Setting Money Aside Now Will Give You a Better Winter Season

t can be easy to get pulled into the excitement of the busy season. Your schedule is getting filled up, as is your bank account. You and your crews are all over the place, doing estimates, setting up jobs, completing jobs, and all the fun stuff that comes from a busy summer. It’s so easy […]

How to Build a Cash Reserve in Your Business

You know you should be saving money in your personal life. But dis you know that you should also be setting aside some money in your business?  You can then use this as a cushion and to protect yourself from unexpected expenses. This can also make sure you don’t have to get a loan. Getting […]

Three Invoicing Mistakes: How to Avoid Them

Not enough cash is the number one killer of small businesses, no matter what the industry. You can’t grow if you don’t have enough money to pay for supplies, marketing, and payroll. It’s worse with the trades industry. A lot of times clients are slow to pay or aren’t charged until the end of a project. […]

Cash or Accrual Basis: What You Need to Know

Have you heard your accountant or bookkeeper toss the phrases accrual or cash basis? What does it actually mean? How does it apply to you and your business? It’s important to know the difference because it changes how you run your business. Let’s get into the differences. Let’s say you make an invoice for $1,000 to […]

How to Keep Your Business Budget With Black Friday

Ah Black Friday! Basically the free ticket to spend, spend, spend. It’s hard enough sticking to a budget throughout  the year but the holiday season with all the sales makes it even harder. What can you do to stick to a budget? Obviously, there will be purchases that you want to get. So make a […]

Forecasting the Future: What You Need to Know

You step into the bookkeeper’s dark office, closing the door behind you. She sits in front of you, several monitors behind her all showing the same thing: QuickBooks Online’s logo as a screensaver, dancing around like a rubber ball in a bouncing castle.  “Please take a seat,” she points at the chair in front of […]