Plumbing
Plumbing: the tax questions worth asking early
Emergency calls, parts markup, and warranty work all move money in ways that are easy to lose track of.
Decisions that change the picture
- Buying a service van or camera and locating equipment.
- Adding after-hours dispatch or a call service.
- Deciding whether to carry parts inventory or bill at cost plus.
Records worth keeping as you go
- Parts purchases tied to specific jobs.
- Warranty and callback work logged separately from billable work.
- Vehicle mileage or actual-cost records, kept consistently all year.
Questions to bring to your tax pro
- Which vehicle method fits my driving pattern better?
- How should warranty and callback work show up in my numbers?
- What is a realistic reserve percentage for a year like this one?
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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