Where accounting makes "cents"

🔥 “𝐓𝐡𝐞 ‘𝐍𝐨 𝐖𝐨𝐫𝐤𝐞𝐫𝐬 𝐂𝐨𝐦𝐩? 𝐍𝐨 𝐏𝐫𝐨𝐛𝐥𝐞𝐦!’ 𝐀𝐮𝐝𝐢𝐭 𝐒𝐮𝐫𝐩𝐫𝐢𝐬𝐞” 🔥 ➡️ Your subcontractor skips workers comp ➡️ You get slapped with the bill during your audit ➡️ And the sub still expects full payment like nothing happened Fun, right? 😒 Here’s the truth: If your sub doesn’t have workers comp, your insurance company treats them like they’re your employee. 𝐖𝐡𝐢𝐜𝐡 𝐦𝐞𝐚𝐧𝐬 𝐲𝐨𝐮 𝐠𝐞𝐭 𝐚𝐬𝐬𝐞𝐬𝐬𝐞𝐝 𝐥𝐢𝐤𝐞 𝐲𝐨𝐮 𝐡𝐢𝐫𝐞𝐝 𝐔𝐧𝐜𝐥𝐞 𝐄𝐝𝐝𝐢𝐞 𝐟𝐮𝐥𝐥-𝐭𝐢𝐦𝐞 𝐰𝐢𝐭𝐡 𝐛𝐞𝐧𝐞𝐟𝐢𝐭𝐬. So what’s the fix? 👉 Withhold a portion of the sub’s pay equal to YOUR workers comp exposure. 👉 Put it in the subcontract agreement. 👉 Apply it every. single. time. 𝐓𝐡𝐞 𝐟𝐨𝐫𝐦𝐮𝐥𝐚 𝐢𝐬 𝐞𝐚𝐬𝐲: (𝐋𝐚𝐛𝐨𝐫 𝐏𝐨𝐫𝐭𝐢𝐨𝐧 ÷ 100) × 𝐘𝐨𝐮𝐫 𝐖𝐂 𝐑𝐚𝐭𝐞 = 𝐖𝐢𝐭𝐡𝐡𝐨𝐥𝐝𝐢𝐧𝐠 𝐀𝐦𝐨𝐮𝐧𝐭 𝐍𝐨 𝐝𝐫𝐚𝐦𝐚. 𝐍𝐨 𝐬𝐮𝐫𝐩𝐫𝐢𝐬𝐞𝐬. 𝐍𝐨 𝐚𝐮𝐝𝐢𝐭 𝐡𝐚𝐧𝐠𝐨𝐯𝐞𝐫. If the sub wants the full check? They buy a policy. Simple adulting. If you want th...

  “Should we separate labor and materials on customer invoices?” Short answer: No—at least not if you want to protect your margins, avoid unnecessary disputes, and keep your business running smoothly. 🔹 1. Customers Google everything If you list materials separately, many customers will immediately look up prices at Lowe’s or Home Depot and assume that’s what you pay. But contractors don’t buy like homeowners - You’re sourcing from wholesalers, buying in bulk, choosing quality, considering lead times, availability, delivery fees, and suitability for the job—not whatever is cheapest online. 🔹 2. Your labor rate isn’t your customer’s concern Breaking out labor invites customers to scrutinize an hourly rate without understanding what goes into it—insurance, taxes, downtime, admin work, mobilization, overhead, warranty work, and everything else that keeps your business running. 🔹 3. You’re selling a finished result, not parts and hours At the end of the day, transparency is importan...

💣 𝐃𝐞𝐛𝐭 𝐈𝐬𝐧’𝐭 𝐚 𝐌𝐢𝐬𝐭𝐚𝐤𝐞 — 𝐈𝐭’𝐬 𝐚 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐌𝐨𝐝𝐞𝐥 𝐈𝐧 𝐀𝐦𝐞𝐫𝐢𝐜𝐚, 𝐝𝐞𝐛𝐭 𝐢𝐬 𝐭𝐡𝐞 𝐦𝐨𝐬𝐭 𝐚𝐠𝐠𝐫𝐞𝐬𝐬𝐢𝐯𝐞𝐥𝐲 𝐬𝐨𝐥𝐝 𝐩𝐫𝐨𝐝𝐮𝐜𝐭 — 𝐚𝐧𝐝 𝐰𝐞’𝐯𝐞 𝐚𝐥𝐥 𝐛𝐞𝐞𝐧 𝐜𝐨𝐧𝐝𝐢𝐭𝐢𝐨𝐧𝐞𝐝 𝐭𝐨 𝐛𝐮𝐲 𝐢𝐭. When wages stopped keeping up with living costs, the economy needed a new engine. That engine was you — spending money you hadn’t yet earned. ⛔ Banks make billions on the interest you pay. ⛔Wall Street packages your future payments into securities. ⛔Politicians celebrate “economic growth” that’s really just borrowed prosperity. From the moment you turn 18, every milestone is monetized: 🎓 College? Student loans. 🏠 Home? Mortgage. 🚗 Car? Auto loan. 💳 Everyday life? Credit cards, BNPL apps, and 30% APRs wrapped in “cash back” smiles. - Boomers used debt to build wealth — college was affordable, housing was accessible. - Gen X normalized the two-income household just to keep up. - Millennials inherited the crash — student debt, s...