How To Fix Your Fixed Expenses

Are you drawing a market salary from your building company either weekly or monthly?
If you are not, then your financial reports will not give a true reflection of your building company's performance.

And that’s a real problem for business owners who are planning and budgeting for the year ahead!

If you have been told by your accountant to avoid drawing a salary because, “We will sort that out for you at year-end, tax effectively,” then your margins will end up becoming compromised.

Leaving the accountant to manage the salary of a business owner in a tax efficient manner at the end of the financial year is fine from a tax perspective, however it causes major problems in terms of budgeting and financial reporting throughout that year.

A business that does not reflect the owners’ salaries at market rates month by month typically operates on lower margins than a business that includes the owners’ salaries at market rates.

This may sound nonsensical and illogical, but that's because as humans our decision making process is flawed.

If you’d like to follow the APB step-by-step process to get an accurate picture of your building company’s true financial position, then click on the link below and take a look behind the curtain in order to see the templates and tools we are providing to our members.

This video will reveal how you can generate more quality leads and more sales at higher margins while improving the building experience for your clients.

Just click on the special link below!

https://go.associationofprofessionalbuilders.com/getdemo