ECN Electrical Forum - Discussion Forums for Electricians, Inspectors and Related Professionals
ECN Shout Chat
Shout Box
Recent Posts
Calling all Non-US members!! (Non-US only)
by Bill Addiss. 08/13/18 05:52 PM
Upgrade the old panel
by gfretwell. 08/13/18 12:20 AM
depth of duckbank
by ghost307. 08/12/18 09:26 PM
Section 179 vehicle purchases
by BigB. 08/05/18 01:06 PM
Don't you buy this stuff
by BigB. 08/05/18 01:00 PM
New in the Gallery:
Plug terminals
Housebilding DIY wiring
Who's Online Now
0 registered members (), 8 guests, and 23 spiders.
Key: Admin, Global Mod, Mod
Previous Thread
Next Thread
Print Thread
Rate Thread
Overhead Paid #158729
08/12/06 10:42 AM
08/12/06 10:42 AM
T
Tiger  Offline OP
Member
Joined: May 2005
Posts: 706
Crystal Lake, IL USA
Jan 1 to this week I earned my overhead for the year. Considering last year was a loss I take this as a really good sign. My accountant said I should be covering my overhead by June . I'm doing the best I can.

Dave

Business, Office, Estimating, Legal:
Re: Overhead Paid #158730
08/12/06 12:57 PM
08/12/06 12:57 PM
renosteinke  Offline
Cat Servant
Member
Joined: Jan 2005
Posts: 5,316
Blue Collar Country
The accountant is part of the "overhead." Have you asked him if you will meet your goals sooner- if he reduces his rates? [Linked Image]

Re: Overhead Paid #158731
10/02/06 01:18 AM
10/02/06 01:18 AM
T
trevman  Offline
Member
Joined: Aug 2005
Posts: 47
canada
What sort of overhead do you have? How many employees , buildings etc

Re: Overhead Paid #158732
10/02/06 08:11 AM
10/02/06 08:11 AM
T
Tiger  Offline OP
Member
Joined: May 2005
Posts: 706
Crystal Lake, IL USA
I'm sole employee. Home office, truck is paid for. Overhead is salary, benefits, retirement, fuel, maintenance, postage, insurance, bonds, advertising, accountant, lawyer...you know the list. It's probably the same list as 95% of the ECs in the phone book, with the exception of retirement benefits and advertising.

Dave

Re: Overhead Paid #158733
10/02/06 01:12 PM
10/02/06 01:12 PM
N
ngoody24  Offline
Member
Joined: Sep 2005
Posts: 33
pace,FL, United States
So you will have about four months of profit. If thats what your saying then yeah I think thats good in my opinion.

Re: Overhead Paid #158734
10/02/06 08:03 PM
10/02/06 08:03 PM
S
ShockMe77  Offline
Member
Joined: Jun 2005
Posts: 821
Rahway, New Jersey
Congratulations Dave!


Featured:

2017 Master Electrician Exam Preparation Combos
2017 NEC Electrician
Exam Prep Combos:
Master / Journeyman

 

Member Spotlight
Posts: 165
Joined: March 2007
Show All Member Profiles 
Top Posters(30 Days)
BigB 2
Popular Topics(Views)
248,562 Are you busy
186,276 Re: Forum
175,743 Need opinion
Powered by UBB.threads™ PHP Forum Software 7.6.1
(Release build 20180101)
Page Time: 0.018s Queries: 14 (0.003s) Memory: 0.9761 MB (Peak: 1.1206 MB) Zlib enabled. Server Time: 2018-08-16 21:31:34 UTC