Avoid These Tax Traps! Year-End Planning Guide for Construction Contractors
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βΉ ABOUT THIS EPISODE
Every contractor faces year-end tax decisions, but spending money just to save on taxes can destroy your cash flow.
Join Wade Carpenter, Stephen Brown, and guest Maureen Weick as they reveal the biggest tax planning mistakes contractors make and share practical strategies for year-end planning that protects your cash flow, maximizes your financial statement, and keeps your bonding intact.
Learn how to plan smart, avoid emotional money decisions, and set your construction business up for success in the new year.
βοΈ Key moments in this episode:
- 00:32 Meet Our Special Guest: Maureen Weick
- 01:59 Common Contractor Mistakes
- 02:54 The Importance of Planning Ahead
- 04:32 Balancing Tax Savings and Cash Flow
- 05:57 Year-End Financial Planning Tips
- 07:16 Understanding Bonding and Financial Statements
- 09:30 Good Debt vs. Bad Debt
- 19:35 Seasonal Business Considerations
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Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | SuretyAnswers.com
240 episodes