Accounting Options For Home Renovation Businesses

Posted by kim on November 24, 2015
Finance, Home Renovations / Comments Off on Accounting Options For Home Renovation Businesses

Bookkeeping solutions are plentiful, especially for small business owners in the renovation industry in Ottawa, and it’s for good reason. If it’s your first time operating a business in the construction space (mold removal or dumpster rental included) the financial landscape can appear like a WW2 minefield. There are so many angles to watch out for and deadlines to be aware of that it’s highly likely you’ll need the monthly support and counseling offered by a local Ottawa accounting professional. Quarterly HST submissions need to be done on time, payroll needs to be kept up with and of course you need to be out churning up new business. Delegation is a key skill for growing businesses, and finding a solution to recurring (and of course boring) tasks needs to be done. What are the first steps and what are your options for getting monthly bookkeeping in Ottawa?

Who to use for small business accounting in Ottawa?

Our best recommendation is to explore ALL your options, however I personally think getting an actual small business bookkeeper in person with experience relevant to your industry. For example, remodeling and renovation firms are constantly spending five figures sometimes weekly on supplies and costs and having a small business tax expert handle those input tax credits accordingly is certainly going to save you tons of money and future headaches. There are plenty of accounting specialists that have industry specific experience and while it can cost more, it will certainly save you more when you do end up scaling and getting more customers.

For sole proprietors or those with side businesses (or attempting to build those additional streams of income), it may be worth it to just get an initial consultation so you know what your obligations are in terms of taxes and what you can and cannot write off. This key step is often overlooked and can make the difference between becoming profitable sooner than you may think. Monthly bookkeepers can be affordable, often for a few hundred dollars a month and be permanent financial advisers and assets that help your business ventures grow responsibly and decreases tax liability.

The services commonly offered by Ottawa bookkeepers include the following;

  • Quarterly or annual HST submisions
  • Questions regarding input tax credits
  • Credit card and bank reconciliation statements
  • Personal and corporate tax returns
  • Payroll deductions organized on a bi-weekly basis.

Why Mold Inspection & Remediation Is So Important

Posted by kim on September 12, 2015
Water damage / Comments Off on Why Mold Inspection & Remediation Is So Important

Understanding maintenance for your home is going to be a crucial skill new homeowners are going to have to learn especially if they want to extend the lifespan of your investment. Other than keeping your roof in good shape and your landscaping looking good, one of the most nefarious problems you can find yourself having to deal with is household mold. While it can easily be cleaned up with an easily available commercial spray and a cloth in some circumstances (think under your kitchen or bathroom sink), if the mold you’re looking at is caused by water or storm damage you may need the services of a professional mould remediation service based out of Ottawa.


home mould inspection

Are mold inspection services in Ottawa worth the cost and hassle?

Why do you need the professionals? Once dangerous mold particles have infected your home, they can spread very fast via ventilation, air conditioner units and even just the breeze from a window being open. Removing only the dark spots you can see is a half-baked solution to a problem that can have a serious impact on your families’ health in both the long and short term. Probably the scariest part of a residential mold problem is you can never know the full extent of it and how it is affecting your family until you get a full-fledged inspection. Mold remediation experts have an extensive suite of tools that allow them to detect harmful airborne mould organisms without breaking down any drywall or overall making it expensive for you. The sooner you can give a company with the right air quality detection tools access to your home, the sooner the problem can be identified and solving it can be addressed. The good news is that if you have homeowners insurance and suspect a mold problem due to mold or water damage we highly recommend you at least get a stage one inspection done as soon as possible. Leaving even small instances of mold untreated can cause the problem to snowball and become even bigger – and more expensive to deal with. If you consider the fact that your insurance will glady cover an inspection, the safe choice becomes clear to ensure safety for both your family and of course your pets. The quicker you can stem the spread of mold particles, the less harm you will do to your pocketbook, home and family’s health in the long run.

By the way, if you’ve enjoyed these articles, feel free to give us a follow on Twitter @projecthomereno

Save Money and Time With Waste Container Rentals

Posted by kim on April 21, 2015
Home Renovations / Comments Off on Save Money and Time With Waste Container Rentals

Before you go about renting your dumpster you’re going to need certain information to give the rental company to get the best price possible. Not all dumpsters are created equal and each clients project will have their own specific requirements. Have these on hand and be clear about them, and you’ll make it easier for them to give you availability info as well as accurate pricing information. Included in the price of your dumpster rental is the price of delivery, pick-up and dump fees, so keep this in mind when making your budget. There are also different dumps for different material types which can also have an affect on price. For example, toxic materials or paint cans are harder to dispose of and require special handling when compared to loose dirt. View website for more details about pricing and size.

dumpster sizes

Another aspect of renting waste bins consumers overlook is where and when drop off and pickup will occur. Slanted driveways, gravel pathways, side yards – these may not be suitable and can cause fatal delays when it comes to getting your project done on time. Large trucks drop roll off bins carefully, but they do need enough space to get in and out safely without compromising their equipment. Furthermore, it is your responsibility to make sure the waste container rental company you are dealing with has sufficient experience not to damage your driveway. Normally properly sized wooden planks can be set down to act as a buffer between the dumpster and your asphalt driveway to reduce abrasion and possible damage.

Another concern first time renters will have is determining the appropriate sizing for your project. The quickest way to deal with this is to ask the business or anyone with experience what they would recommend. Waste removal companies deal with lots of similar projects, so they can make a pretty educated estimate. For example if you told them you were doing a roofing project for a small garage they might suggest a roll-off dumpster ranging in size from 30-40 yards. The one situation you want to avoid though is running out of space in your container. Two trips to the dump instead of one can cost you big bucks and also waste time and delay your project. Your specific company may also have policies against overfilling units and if you do, they may opt to charge you a hefty fee, so beware of this.

As a final note, you might think that only seasoned contractors and big construction companies have a need for renting large dumpsters but in fact if the average home-owner, implements these tips renting a dumpster can be an easy way to get your home project done faster and more efficiently.