Every Tradie Needs a Good Accountant

If you’re running a trade business, you’re continually juggling multiple responsibilities. From quoting jobs and sourcing materials to keeping your customers happy, you have a lot going on. Not to mention the financial side of your business. It can quickly become overwhelming. That’s where Ingham Mora comes in. Our team understands the trade sector and can make a big difference for the smooth running of your business. 

How does an accountant support your trade business?

We offer a lot more than just analysing spreadsheets and filing GST returns. Our team can support you with trade-specific business advice and help you navigate the admin and tax side of your business. 

Ingham Mora’s trade accounting and business services include… 

Cash-flow forecasting and budgeting 

Cash flow can be unpredictable for trade businesses. You might have high upfront costs for materials and labour but only get paid once a job is complete. A tradie accountant can help you:  

• Track your income and expenses to avoid cash shortages. 
• Set up better invoicing and payment systems. 
• Prepare a cash flow forecast to better manage your funds. 

Tax planning and compliance 

Taxes giving you a headache? Not sure what you can claim? Choosing a tax accountant experienced in the trade sector can help you: 

• Maximise your deductions like tools, vehicle costs, and home office expenses. 
• Stay compliant with GST, PAYE and income taxes. 
• Avoid unwanted tax payment surprises. 

Determine job costing and profitability 

Stop underquoting jobs and making less profit than you should. Our accounting team can help you: 

• Calculate job costs accurately by taking into account materials, labour and overheads. 
• Set a pricing strategy that increases your profitability. 
• Review financial reports to minimise lost money. 

Managing your business growth

Are you a sole trader ready to take on more staff? Or, maybe you’re an established business looking to scale. Our business advisory services can help you with:  

• Structuring your business—sole trader, partnership, or company? 
• Hiring employees vs. using subcontractors. 
• Expand your operations while minimising financial risk. 

Equipment and asset management 

You invest a lot of money in tools, vehicles, and other equipment. We can offer guidance to: 

• Determine the best way to finance new assets (like tools or vehicles). 
• Claim depreciation to reduce your tax bill. 
• Track assets for proper maintenance and replacement as needed. 

Business protection and succession planning 

What happens if you get hurt on the job and can’t work? Dreaming of retirement plans? Our accounting team is experienced in helping tradies: 

• Understand how your ACC cover works, and make sure you are using the correct option. 
• Ensure you have the right structure, for both tax, and asset protection. 
• Develop a succession plan for when you’re ready to sell or pass on your business. 

Why tradies love working with Ingham Mora

We specialise in supporting trade businesses in Tauranga. (See how we helped Height 4 Hire reduce admin costs and choose the right tools to increase productivity.) Our team understands the unique challenges facing tradies, and we provide specialised accounting solutions to help you maximise profits, remain compliant and reduce stress. That means more time for you to do the things you love instead of stressing about the financial side of your business. 

Get in touch today to see how we can take some of the admin and accounting load off your shoulders.