402: It’s Not What You Make, It’s What You Keep: End Of Year Tax Strategies For Contractors

The Roofer Show

Believe it or not, we are in the fourth quarter of 2024. What are you doing to finish strong? In

today’s episode, we take a look at end-of-year tax strategies that can set you up for success

and increase the revenue you keep. We also check in with John DeLaurier in Georgia about his

process after a big storm. Join us to learn more!

What you’ll hear in this episode:

● A check-in with John and his plan of action after a big storm like Hurricane Helene

● From John: perspectives on “speed to lead” and leads from Yelp, Thumbtack, and LSA

(local service ads)

● Why John doesn’t like insurance jobs

● A breakdown of “revenue per capita”–and what it really means for profitability

● Understanding net profit at the end of each job

● “Every lead is costing you money. You have to understand what that cost is.”

● You have to have a plan!

● Tax advantages for contractors–plan ahead and get professional help!

● Using money wisely to buy real estate, company vehicles, and marketing before the end

of the year

● Your business plan for 2025: Do it now!

● Thoughts on hiring and firing to keep a lean machine at your business

Resources

Check out our YouTube channel and be sure to subscribe:

https://www.youtube.com/@DaveSullivanRooferShow

Set up a FREE strategy call with Dave and get a few tips on how you can improve your business: https://davesullivan.as.me/free-strategy-call

Interested in learning more about our 1-on-1 coaching, mastermind groups, or fractional CFO services? Email me or send me a text at [phone].

No Plan? No problem. Download our FREE 1-Page Business Plan For Roofing Contractors: https://theroofershow.com/plan

The Roofer Show’s Vetted Sponsors

Have RUBY answer your phones and tee up the sale by leaving a great first impression. Use this link to get up to $150 off your first month’s service: http://get.ruby.com/roofershow.

SMA Support Services fills a need by empowering contractors to simplify and optimize their operational processes with virtual assistant services. Explore what a virtual assistant can do for your contracting business. Let SMA do the hiring, training, and onboarding. Check out SMA Support Services! (Tell them Dave sent you.)

Automate your follow-up process and close more sales with ProLine. Get started for FREE at https://useproline.com/. Use promo code “Dave50” for $50 off your first month’s service!