That is a billed hour. It is not profit. GST comes off. Then the person on the tools, staff or contractor. Then parts. Then the business. We hold that picture, and we hold tax and BAS, so you can stay on the jobs.
Accountants, bookkeepers and tax agents. From $550 + GST a month; most trade files $1,650. Registered tax agent 26284368, Brendale.
One billed hour
Worked example, not your rate.
Then parts. Then overhead. Then profit, if the billed hours actually landed.
If labour costs you $50 all-in for an hour, one billed hour does not buy you a spare hour of profit. Count billed hours in the week before you hire.
Super, leave, workers compensation, PAYG and often a ute sit on top of the wage. How many $150 hours must actually be billed this week to cover that person, before your own time and any profit? If the diary cannot show those hours as billed, the hire is hope.
A contractor invoice is visible on the job. That is useful. It is not automatically better. If they work like staff, the cost and the compliance both change. We read the numbers. We do not write the contract.
Take the weekly cost of the person. Divide by the billed rate after GST. That is the hours that must land on invoices this week, before materials and overhead. If that number is not in the diary, do not hire on a feeling.
We are the tax agent. The return, FBT, BAS, GST, super and PAYG sit in the file so you are not paying tax on a mess. You stay on the jobs.
Book a 15-minute callNot a pack in October. Not a meeting you have to attend. One read on the phone between jobs.
14 jobs closed. 16 hours over. Two jobs did most of it.
Third rooftop changeover this quarter to run over. The quote template does not carry crane time. Worth a ten-minute fix before the next one goes out.
Illustration of the weekly output. Invented figures, not a client file. Your first one uses your jobs and your bank.
You give Xero, bank and payroll access, or send the source documents. We confirm the start date in the letter. Catch-up of earlier periods is a separate fee, quoted first.
We show the cost of each in the file. The employment decision is yours. If someone works like staff, that is a compliance issue as well as a cost issue.
The letter of engagement sets the term and how to end it.
