CONGRATS PCT TOP 100!
The Past, Present, and Future of the Pest Control Industry
On behalf of the PCO Bookkeepers and PCO M&A Specialists team, we would like to congratulate the PCT TOP 100 on this fantastic achievement! View Daniel S. Gordon’s presentation from the 2018 PCT Top 100 Awards Ceremony and Executive Summit. Click Here to learn more about our Merger and Acquisition division,
Pest Control Business Owner Resources
The Internal Revenue Service (IRS) has been in the process of bolstering the 1099 reporting standards for everyone, including independent contractors and those who report cancellation of debt, and the bureau isn’t showing signs of slowing down. One of the first...
When I look at a set of financials, my sole objective is to determine within one minute if the company is profitable and if the revenues and expenses are in line with standards that we’ve created for the pest and lawn care industries. At year end, I’m looking to see...
The real issue is when an owner has built the company up and then hires a bookkeeper who may know how to use QuickBooks but doesn’t understand all of the reporting. So the owner thinks because QuickBooks is spitting out checks that everything is working, but their financial statements and their profit and loss is just a mess and they can’t really figure out how they’re doing. We see a lot of that. And then what’ll happen is they’ll take it to their CPA at the end of the year and he’ll have to make heads or tails of it. And usually that guy’s or gal’s view of accounting is to get a tax return done. A tax return is a small part of accounting.
Most pest management firms are already using QuickBooks as their accounting software system of choice, but not all of them are using it optimally, according to PCO Bookkeepers partner Anthony Pepe. I talked with Anthony to get his take on what mistakes pest management professionals are making when it comes to QuickBooks, and how they can use it better. Here, he offers three tips for pest control operators to improve their use of this powerful recording and reporting tool.
Why would you get a tax deduction for a certain type of income? Learn about the Tax Reform’s gift to the small Business Person – Section 199A
How to maximize your pest company value: Three buyer-side experts share their views on the factors that affect valuations.
How to maximize your pest company value: Three buyer-side experts share their views on the factors that affect pest industry valuations.