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Showing posts from June, 2025

Owner entitlement

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๐Ÿšง ๐–๐ก๐ž๐ง ๐ญ๐ก๐ž ๐Ž๐ฐ๐ง๐ž๐ซ ๐‡๐š๐ฌ ๐š ๐๐ž๐ซ๐ฏ๐ž๐ซ๐ญ๐ž๐ ๐’๐ž๐ง๐ฌ๐ž ๐จ๐Ÿ ๐„๐ง๐ญ๐ข๐ญ๐ฅ๐ž๐ฆ๐ž๐ง๐ญ ๐Ÿšง In construction, every dollar is allocated job. But what happens when the owner thinks ๐’†๐’—๐’†๐’“๐’š ๐’…๐’“๐’‚๐’˜ ๐’Š๐’” ๐’•๐’‰๐’†๐’Š๐’“๐’” ๐’•๐’ ๐’”๐’‘๐’†๐’๐’…? ✅ Project drawdowns are meant for labor, materials, subcontractors — not vacations, car upgrades, or personal splurges. When owners ๐๐ข๐ฏ๐ž๐ซ๐ญ ๐ฉ๐ซ๐จ๐ฃ๐ž๐œ๐ญ ๐Ÿ๐ฎ๐ง๐๐ฌ to fuel their lifestyle, they don’t just hurt the job — they jeopardize: - Cash flow - Sub relationships - Reputation - Future bonding & financing Let’s be honest — no amount of accounting can fix misaligned ethics at the top. When the business becomes the piggy bank, everyone downstream pays the price. ๐Ÿ›‘ You can’t scale chaos. You can’t hide forever. And you can’t build trust on unpaid invoices. Let’s talk about it.  #SmallBusinessFinance #BookkeepingMatters #FraudPrevention #OutsourcedAccounting #ForensicAccountant #SmallBusinessTips  #quickbooks #bookkeeper #frau...

Separate businesses require separate entities

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๐Ÿšง Construction Business Owner… Are You Unknowingly Putting All Your Businesses in One Bucket? You wouldn’t store your demo debris with your finished cabinetry — So why run your construction company and side ventures under one entity? Here's what I see too often: ๐Ÿ”น A GC runs their construction business, rental properties, and maybe even a materials resale gig… all under one LLC, one bank account, one QuickBooks file. It feels simple. But it’s actually risky and expensive. ⚠️ One lawsuit could expose everything ⚠️ You could be missing out on key tax advantages ⚠️ Your books are probably a mess — and you're flying blind on profitability Smart structure = smart protection + smart profits. If you’ve got multiple business activities, you need a structure that separates liability, clarifies your financials, and supports growth. ๐Ÿ‘‰ Construction is already high risk. Don’t make it worse with a sloppy setup. Let’s talk entity structure and financial visibility — before a problem forces...

๐Ÿงพ ๐„๐ฏ๐ž๐ซ ๐Ÿ๐ž๐ž๐ฅ ๐ฅ๐ข๐ค๐ž ๐ฒ๐จ๐ฎ๐ซ ๐›๐จ๐จ๐ค๐ค๐ž๐ž๐ฉ๐ž๐ซ ๐ญ๐š๐ฅ๐ค๐ฌ ๐จ๐ฎ๐ญ ๐จ๐Ÿ ๐›๐จ๐ญ๐ก ๐ฌ๐ข๐๐ž๐ฌ ๐จ๐Ÿ ๐ญ๐ก๐ž๐ข๐ซ ๐ฆ๐จ๐ฎ๐ญ๐ก?

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Sounds harsh but this is a saying I grew up with while in New York and I find it still relevant today as I assess businesses with staff bookkeepers or contracted bookkeepers that know nothing about job cost accounting. One week it's, "๐’€๐’๐’–'๐’“๐’† ๐’‘๐’“๐’๐’‡๐’Š๐’•๐’‚๐’ƒ๐’๐’† — ๐’ƒ๐’–๐’”๐’Š๐’๐’†๐’”๐’” ๐’๐’๐’๐’Œ๐’” ๐’ˆ๐’“๐’†๐’‚๐’•!" The next week it's, "๐’€๐’๐’–'๐’“๐’† ๐’•๐’Š๐’ˆ๐’‰๐’• ๐’๐’ ๐’„๐’‚๐’”๐’‰ — ๐’˜๐’† ๐’”๐’‰๐’๐’–๐’๐’… ๐’”๐’๐’๐’˜ ๐’”๐’‘๐’†๐’๐’…๐’Š๐’๐’ˆ." ๐Ÿคจ So… which is it? If you're left confused, second-guessing your numbers, or constantly catching contradictions, it's not just annoying — it's a red flag. ๐ŸŽฏ A great bookkeeper should provide clear, consistent, and contextual financial insight — not make you decode riddles every month. ๐…๐ซ๐ฎ๐ฌ๐ญ๐ซ๐š๐ญ๐ข๐จ๐ง ๐ฐ๐ข๐ญ๐ก ๐ฒ๐จ๐ฎ๐ซ ๐›๐จ๐จ๐ค๐ค๐ž๐ž๐ฉ๐ž๐ซ ๐ฎ๐ฌ๐ฎ๐š๐ฅ๐ฅ๐ฒ ๐ฌ๐ญ๐ž๐ฆ๐ฌ ๐Ÿ๐ซ๐จ๐ฆ ๐จ๐ง๐ž ๐จ๐Ÿ ๐ญ๐ก๐ซ๐ž๐ž ๐ญ๐ก๐ข๐ง๐ ๐ฌ: 1. They don’t understand your business model. 2. They can’t explain financials in plain English. 3. They’re cover...