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[Ask a Bond Agent] Avoid These Bonding Pitfalls
Manage episode 453733259 series 3314227
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Struggling to get bonded? 🤔
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! 💪
🚨 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
فصول
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)
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