Painting
Painting: the tax questions worth asking early
Low equipment cost, high labor cost. Most of the questions are about people and timing, not gear.
Decisions that change the picture
- Moving from solo to a two or three person crew.
- Taking on commercial accounts with net-30 or net-60 terms.
- Buying a sprayer, lift rental, or work van.
Records worth keeping as you go
- Labor records separating employees from subcontractors.
- Paint and supply purchases grouped by job.
- Aging report showing what is billed but not collected.
Questions to bring to your tax pro
- What changes for me the first year I run payroll?
- How should slow-paying commercial accounts affect what I set aside?
- Is a van purchase this year the right move for my numbers?
This guide is general information, not tax advice. Your tax professional decides what applies to your business and your filing.
Send me this guide, and the two others for my trade.
Optional. No cost, and you can stop any time.