With 2014 in the books, hopefully most contractors are counting all the money they made rather than licking their wounds. In either scenario, 2015 is a fresh start with an opportunity to prepare your business for success. One of the first calls most contractors make at year end is to their accountant. While very important it’s just as critical to contact your bonding agent.
As a contractor that does business in the public sector, bonding is the lifeblood of the business. Without it, one cannot survive. Looking at bonding from this perspective, it’s easy to see that tax planning should align with the contractor’s bonding needs and the surety company’s requirements. Some topics of conversation should include:
While it’s always good to be in constant communication with your bonding agent, the start of 2015 BEFORE a contractor engages his CPA, is the best time.
Call us today to start off 2015 the right way. 877-654-2327