Construction & Contractors

Building Is Hard, Building a Business Is Even Harder

There are not many people who work as hard as those in the construction industry. Long hours, tiresome manual labor, demanding customers, and unreliable subcontractors are everyday hurdles. Excellent planning, scheduling, and estimating are essential to your business. But when it comes to numbers, they should mean more than the interior dimensions of a window, number of spindles on a railing, or the billing rates of your subcontractors. Building a firm financial foundation gives your business structural integrity – helping you manage the day-to-day operations of your business.

Whether you are a builder, remodeler, landscaper, electrician, plumber, carpenter, or another skilled tradesperson, there are challenges far beyond what you face on the job-site:

Properly reporting sales and use tax, helping you understand the regulatory environment
Managing subcontractor invoices, payments, and year end 1099 reporting process
Cost of materials and supplies upfront, restricting your cash flow until the title company or owner approve a draw request
Accurately bidding, managing client budgets, and change orders
Budgeting for and financing large equipment, trucks, and tools
Reporting to the home builder
Managing crew expenses, receipts, and credit cards to ensure a proper audit trail

And, in a highly seasonal business, balancing labor shortages, the fluctuation of staffing, and overtime with the cash flow concerns of the slower seasons.

Do You Have the Right Tools?

If you are a hammer, every problem is a nail. But if you are a smart builder, landscaper, electrician, or other contractor, you know that having the right tool for the job, and knowing how to use it, is essential to any project. Wattax focuses on giving you the tools (and training you on the skills to use them) to help you better understand the financials in your construction company.

Free Estimates

The side of your truck says free estimates. At Wattax we follow the same philosophy. We offer complimentary consultations, where you have the chance to tell us more about the financial challenges you face, and get to know our process and systems as well. We’ll review things like your accounting and bookkeeping setup. We’ll give you an estimate up front for the work, so there are fewer surprises along the way.