Electrical contracting
Electrical contracting: the tax questions worth asking early
Licensing, van inventory, and service-call volume make the record trail different from other trades.
Decisions that change the picture
- Stocking van inventory versus buying per job.
- Hiring an apprentice or a licensed journeyman.
- Taking on prevailing-wage or commercial work with different billing terms.
Records worth keeping as you go
- Supply-house statements matched to jobs.
- License, bond, and continuing education costs.
- Payroll records separated from subcontractor payments.
Questions to bring to your tax pro
- How is my van inventory handled at year end?
- What does adding a payroll employee change for my quarterly deposits?
- Should any of my licensing and training costs be treated differently?
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.
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