Dear Auto Shop Owner,
Are you the owner of a successful auto shop?
Have you ever wondered why your bank account balance is so low and your tax bill is so high? Your shop is always busy, but you don’t seem to have the profits to prove it. It feels like the IRS is taking all your money!
Worrying about your shop’s profitability can really throw a wrench into managing the day-to-day tasks of your business. It’s frustrating and stressful, but it doesn’t have to be.
Under the right financial guidance, your auto shop’s profits can rapidly increase. Just a few small tips can take you from 0 – 100!
For instance, do you know how to calculate what labor rate you should be charging? One simple formula will give you that magic number:
Total expenses / total number of hours worked
For example, if your monthly overhead is $10,000 and you work 40 hours a week, your labor rate should be $62.50/hour:
$10,000 / 4 weeks = $2,500/week
$2,500 / 40 hours = $62.50/hour
As a bookkeeper who's spent the last five years working with auto repair shops, I understand the challenges that are unique to your business and your industry.
Many bookkeepers and accountants work with a wide range of clients across many different industries. I’ve taken the time to get know the ins and outs of your specific industry.
I’ve taken my expertise and knowledge of bookkeeping for the auto shop industry and created an invaluable tool to help you fine tune your finances.
My ebook, 7 steps Automotive Shops Need to Make to Decrease Tax Liabilities and Maximize Profitability, is now available to you, completely free!
