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Plumbing Contractor Accounting | HavenStone Advisory

Bookkeeping & Tax Planning for Plumbing Contractors industry hero

Bookkeeping & Tax Planning for Plumbing Contractors

Plumbing companies handle emergency calls, big remodels, and ongoing service plans. We bring clarity to cash flow and lower taxes proactively.

From emergency repairs to large remodels, plumbing companies face unpredictable cash flow, complex payroll, and big equipment needs. We help you keep books clean and taxes planned—so you can focus on growing your business.

Quick Fit Check

  • $1–8 M annual revenue
  • 3+ years of consistent operations
  • Mix of scheduled projects, maintenance plans, and emergency calls
  • Runs multiple trucks/crews and buys or leases heavy equipment

Why Plumbing Businesses Choose HavenStone

  • Cash-flow forecasting that accounts for seasonality and urgent calls
  • Equipment & vehicle write-offs using bonus depreciation and §179 timing
  • Payroll & 1099 compliance for multi-crew and multi-state operations
  • Quarterly tax strategy that flexes with variable income

Core Services

  • Monthly bookkeeping & job-cost reporting
  • Project profitability and service-plan margin tracking
  • Quarterly and annual tax planning & preparation
  • Entity and compensation optimization (LLC, S-Corp, etc.)
  • Guidance on big equipment purchases and fleet expansion

Common Mistakes We Fix

  1. Recording emergency jobs as overhead—distorts job margins
  2. Missing deductions on trucks, tools, and parts inventory
  3. Misclassifying technicians as 1099 contractors—compliance risk
  4. Overpaying estimated taxes during slow months
  5. Waiting until year-end for depreciation planning

What to Expect in Month One

  • Diagnostic review of chart of accounts, payroll, and vendor setup
  • Cash-flow map that anticipates seasonal swings and big purchases
  • Tax plan with 3–5 prioritized, dollar-linked moves
  • Compliance sweep covering 1099s, payroll taxes, and multi-state filings

FAQ

Can you handle 24/7 emergency service billing?
Yes—our bookkeeping maps emergency premiums separately for true job profitability.

Do you help with multi-state licensing and payroll?
Absolutely—we set up compliant payroll and apportion income correctly.

What about inventory and parts tracking?
We design simple, accurate systems for consumables, special-order items, and truck stock.

Do you replace our office manager/bookkeeper?
Not necessarily—we can augment your team, provide oversight, or handle the full accounting function.


More Resources

HavenStone Advisory | Boutique tax & accounting for plumbing contractors and service companies.