Title: 5 Profit Killers hiding in every contractors P&L (profit and loss)

Summary: Steven Young reviewed 10 real contractor profit & loss statements — plumbers, electricians, GCs, roofers, and HVAC companies — and found the same five problems destroying profits over and over again. If you're a contractor doing $500K–$5M in revenue, at least two of these are likely happening in your business right now. In this episode, Steven walks through each profit killer, what it looks like, what it costs, and exactly how to fix it.

• 0:00 — Introduction: What's killing contractor profits
• 2:09 — Profit Killer #1: Owner's Comp Disguised as Draws (LLC vs. S-Corp, self-employment tax)
• 6:57 — Profit Killer #2: Job Costing That Isn't Really Job Costing (burdened labor rates, project tracking)
• 11:24 — Profit Killer #3: No Separation Between Operating Cash and Tax Cash (Profit First framework)
• 16:11 — Profit Killer #4: Equipment Bought Wrong (100% bonus depreciation, Section 179, One Big Beautiful Bill)
• 22:55 — Profit Killer #5: Phantom Profit on the P&L (accounts receivable, retainage, cash vs. accrual)
• 27:38 — What to Do Next: Profit Audit & Savvy BOSS System

Resources:

• Profit Audit: schedule a discovery call at meetwithsavvy.com
• Savvy BOSS (Business Operating Success System): schedule a discovery call at meetwithsavvy.com
• Discovery Call: schedule a discovery call at meetwithsavvy.com
• Free Companion Guide – "5 Profit Killers" Self-Diagnostic: savvytaxstrategies.com/ProfitKillers
• Book: Profit First by Mike Michalowicz

Keywords:

Contractor profit and loss, Contractor tax strategy, S-Corp for contractors, Job costing for contractors, Contractor bookkeeping, Profit First for contractor, Owner's draw vs. payroll, Bonus depreciation, Accounts receivable management, Cash flow for contractors, Self-employment tax savings, QuickBooks for construction, Burdened labor rates, Phantom profit

Hashtags:

#ContractorBusiness #TaxStrategy #ContractorFinance #ProfitFirst #SmallBusinessTax #JobCosting #CashFlow #BluCollarBusiness #SCorp #ContractorTips

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