))
[Ask a Bond Agent] Avoid These Bonding Pitfalls
Manage episode 453733259 series 3314227
Content provided by Contractor Success Forum. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Contractor Success Forum or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
Struggling to get bonded? π€
In this episode, we tackle real-life case studies to help you navigate the construction bonding process. Wade and Stephen share expert insights on overcoming common pitfalls.
Listen now and level up your bonding game! πͺ
π¨ Apply to beta test Wade's Profit First for Commercial Construction system (for FREE!)
Subscribe for weekly construction finance tips: https://www.youtube.com/@CarpenterCPAs?sub_confirmation=1
#ConstructionBonding #ContractorSuccess #BondingTips
Topics Wade and Stephen cover on this episode:
- 00:35 - Importance of relationships with your bonding agent
- 01:40 - Announcement: Get early access to Profit First for Commercial Construction
- 04:52 - Seasonal revenue challenges
- 07:09 - Equipment debt issues
- 09:16 - Inconsistent profit margins
- 11:12 - Taxes versus bonding
- 14:17 - Family-owned business succession
- 16:54 - Overdue taxes impact
- 19:25 - Tax liens and payment plans
LINKS
Visit the episode page at https://carpentercpas.com/getbonded2 for more details and a transcript of the show.
Join the Profit First for Construction community!
Find all episodes and related links at ContractorSuccessForum.com.
Join the conversation on our LinkedIn page: https://www.linkedin.com/company/CarpenterCPAs
FIND US ONLINE
Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | SuretyAnswers.com
Chapters
1. 193. Getting Bonded Pt. 2: Avoiding Common Pitfalls with Expert Insights (00:00:00)
2. Join Wades FREE best test program for his upcoming book, Profit First for Commercial Construction (00:01:54)
3. Getting bonds as a contractor with seasonal revenue (00:05:02)
4. How do high debt levels affect your bonding capacity? (00:07:26)
5. Getting a bond with inconsistent profit margins (00:08:51)
6. An argument against worrying only about lowering your tax bill (00:12:35)
7. Bonding issues when it comes to succession plans (00:15:47)
8. How do overdue taxes affect your bonding capacity? (00:17:00)
222 episodes
Share
