{"id":30839,"date":"2026-08-17T11:28:40","date_gmt":"2026-08-17T11:28:40","guid":{"rendered":"https:\/\/cre8tivetesting.com\/online-accountants\/?page_id=30839"},"modified":"2026-09-04T05:54:05","modified_gmt":"2026-09-04T05:54:05","slug":"accounting-and-tax-services-for-framing-contractors","status":"publish","type":"page","link":"https:\/\/cre8tivetesting.com\/online-accountants\/industries\/accounting-and-tax-services-for-framing-contractors\/","title":{"rendered":"Accounting and Tax Services for Framing Contractors"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"30839\" class=\"elementor elementor-30839\" data-elementor-post-type=\"page\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2134faf e-con-full e-flex e-con e-parent\" data-id=\"2134faf\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-a703b73 elementor-widget elementor-widget-html\" data-id=\"a703b73\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<link rel=\"preconnect\" href=\"https:\/\/fonts.googleapis.com\">\r\n<link rel=\"preconnect\" href=\"https:\/\/fonts.gstatic.com\" crossorigin>\r\n<link href=\"https:\/\/fonts.googleapis.com\/css2?family=Poppins:wght@400;500;600;700;800&display=swap\" rel=\"stylesheet\">\r\n\r\n<div class=\"fc-page\">\r\n\r\n  <style>\r\n    .fc-page{\r\n      --fc-primary:#DC5756;\r\n      --fc-primary-dark:#B33D3C;\r\n      --fc-primary-tint:#FCEAE9;\r\n      --fc-lumber:#C89B5C; 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text-align:center; max-width:700px; margin:0 auto 20px auto; }\r\n\r\n    \/* ================= NUMBERS WORTH WATCHING \u2014 def cards ================= *\/\r\n    .fc-metrics{ background:var(--fc-paper); }\r\n    .fc-metrics-head{ max-width:820px; margin:0 auto 36px auto; text-align:center; }\r\n    .fc-metrics-head h2{ font-size:32px; }\r\n    .fc-metric-grid{ display:grid; grid-template-columns:1fr 1fr; gap:16px; max-width:960px; margin:0 auto; }\r\n    .fc-metric-card{ background:#fff; border:1px solid var(--fc-line); border-radius:10px; padding:20px 20px; }\r\n    .fc-metric-card h3{ font-size:15px; margin-bottom:6px; color:var(--fc-ink); }\r\n    .fc-metric-card p{ font-size:14px; margin:0; }\r\n\r\n    \/* ================= CTA CLOSING ================= *\/\r\n    .fc-cta{\r\n      background:linear-gradient(135deg, var(--fc-primary) 0%, var(--fc-primary-dark) 100%);\r\n      text-align:center;\r\n    }\r\n    .fc-cta h2{ color:#fff; font-size:32px; max-width:700px; margin:0 auto 14px auto; 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}\r\n    }\r\n    @media (max-width:560px){\r\n      .fc-inner{ padding:0 18px; }\r\n    }\r\n  <\/style>\r\n\r\n  <!-- ================= HERO ================= -->\r\n  <section class=\"fc-hero\">\r\n    <div class=\"fc-inner\">\r\n      <div class=\"fc-hero-grid\">\r\n        <div>\r\n          <h1 class=\"fc-hero-headline heading-one\" style=\"color: white;\">Accounting and Tax Services for Framing Contractors<\/h1>\r\n          <p>A framing crew can achieve all their deadlines, and at the end of the day, the owner can't say, with any degree of confidence, whether that job was a money spinner. The price of lumber will be quoted for one week and then billed the following week at a different rate. The subs are paid prior to the general contractor's release of progress billing. <\/p>\r\n          <div class=\"fc-hero-ctas\">\r\n            <a href=\"https:\/\/online-accountant.ca\/contact\/\" class=\"fc-btn\">Book a Consultation\r\n              \r\n              <svg width=\"16\" height=\"16\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M5 12h14M13 6l6 6-6 6\" stroke=\"#fff\" stroke-width=\"2.2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/><\/svg>\r\n            <\/a>\r\n         \r\n          <\/div>\r\n        <\/div>\r\n      <\/div>\r\n    <\/div>\r\n  <\/section>\r\n  \r\n  \r\n  \r\n  <section class=\"cc-intro\">\r\n     <style>\r\n    .cc-intro{ background:var(--cc-paper); }\r\n    .cc-intro-inner{ max-width:1080px; margin:0 auto; text-align:center; }\r\n  \r\n  <\/style>\r\n    <div class=\"cc-inner cc-intro-inner\">\r\n        <p>A change order is created on a Tuesday and not placed on an invoice. When the numbers reach a spreadsheet, the task is over, and the lesson has passed. This is where Online Accountant fills in a void: the place between operating a full-time framing business and realizing what it truly earned.\r\n\r\n<\/p>  \r\n      \r\n    <\/div>\r\n  <\/section>\r\n\r\n  <!-- ================= BEING BUSY ISN'T THE SAME AS BEING PROFITABLE ================= -->\r\n  <section class=\"fc-text-section\">\r\n    <div class=\"fc-inner fc-text-inner\">\r\n      <div class=\"fc-kicker-row\" style=\"justify-content:center;\"><span class=\"fc-kicker-tick\"><\/span><span class=\"txt\">Busy vs. Profitable<\/span><\/div>\r\n      <h2>Being Busy Isn't the Same as <br>Being Profitable<\/h2>\r\n      <p style=\"text-align:center;\">There are certain challenges that framing contractors face that are not well represented by a generic bookkeeping system. Engineered Wood and Lumber prices fluctuate through the project. Crew wages, WCB premiums and subcontractor payments are paid on a different schedule than the invoices to cover them are issued. Progress billing implies that payments of cash are received in stages, typically at a rate slower than the materials and labour payments.<\/p>\r\n      <p style=\"text-align:center;\">Include under-quoted jobs, change order creep, and the boom and bust of the activity season, and revenue might increase without any real margin even being realized. A strong topline number for the year, and the same framing company can have negative cash flow in a few weeks, as the accounting system never differentiated job costs from overhead.<\/p>\r\n    <\/div>\r\n  <\/section>\r\n\r\n  <!-- ================= OUTGROWN THE SHOEBOX ================= -->\r\n  <section class=\"fc-text-section\" style=\"background:var(--fc-panel);\">\r\n    <div class=\"fc-inner fc-text-inner\">\r\n      <div class=\"fc-kicker-row\" style=\"justify-content:center;\"><span class=\"fc-kicker-tick\"><\/span><span class=\"txt\">Beyond the Shoebox<\/span><\/div>\r\n      <h2>The Business Has Outgrown the Shoebox<\/h2>\r\n      <p style=\"text-align:center;\">Framing has evolved at a much quicker pace than many trades. Estimating, job tracking and all the other processes that involve invoices are becoming digital, and the builders are looking for quicker and cleaner reporting from the trades they are hiring. Meanwhile, the compliance side, GST\/HST, payroll remittances, and T5018 subcontractor reporting, is becoming more accepting of mistakes.<\/p>\r\n      <p style=\"text-align:center;\">A contractor with two or three crews requires financial information that is current to the business rather than a shoebox of receipts that are assembled at the last minute every year.<\/p>\r\n    <\/div>\r\n  <\/section>\r\n\r\n  <!-- ================= ESTIMATE TO PAYMENT ================= -->\r\n  <section class=\"fc-flow\" style=\"background:#fff;\">\r\n    <div class=\"fc-inner fc-flow-inner\">\r\n      <div class=\"fc-kicker-row\" style=\"justify-content:center;\"><span class=\"fc-kicker-tick\"><\/span><span class=\"txt\">Connected Systems<\/span><\/div>\r\n      <h2> From Estimate to Payment<\/h2>\r\n      <p style=\"text-align:center;\">The accountant who is familiar with the job follows the same trajectory as the job: estimate, quote, materials, labour, subcontractors, completion, invoice, payment, GST\/HST, what's left over. Online Accountant constructs bookkeeping mechanisms along that path: job cost, overhead, labour, materials, subcontractor pay, equipment, vehicle expenses and more to help a contractor understand, job-by-job, where the funds were spent.<\/p>\r\n      <p style=\"text-align:center;\">That's important because a paper Profit Story can be quite good while you have a cash flow crisis, holdbacks sitting in the bank, payroll bills waiting to be paid, and work bills not getting paid on time. While clean books do not solve the cash-flow timing issue, they help you see it, which is the first step to managing it.<\/p>\r\n      <p style=\"text-align:center;\">That operational data, whether it is in Buildertrend or Jobber, or the books are in QuickBooks Online or Xero, should be firmly linked to the financial picture, not a different dimension altogether.<\/p>\r\n      <div class=\"fc-tag-row\">\r\n       <img decoding=\"async\" src=\"https:\/\/cre8tivetesting.com\/online-accountants\/wp-content\/uploads\/2026\/09\/Group-1.svg\">\r\n      <\/div>\r\n    <\/div>\r\n  <\/section>\r\n\r\n  <!-- ================= WHAT ONLINE ACCOUNTANT DOES ================= -->\r\n  <section class=\"fc-services\">\r\n    <div class=\"fc-inner fc-services-inner\">\r\n      <div class=\"fc-kicker-row\" style=\"justify-content:center;\"><span class=\"fc-kicker-tick\"><\/span><span class=\"txt\">Our Services<\/span><\/div>\r\n      <h2>What Online Accountant Does<\/h2>\r\n      <div class=\"fc-def-grid\">\r\n        <div class=\"fc-def-card\"><h3>Bookkeeping<\/h3><p>Based on job costing: labour, materials, payment of subcontractors, and receivables are recorded by job, instead of in one general ledger.<\/p><\/div>\r\n        <div class=\"fc-def-card\"><h3>Payroll<\/h3><p>Crew wages, remittances, T4s etc. are maintained so payroll costs remain visible and are not a surprise at year-end.<\/p><\/div>\r\n        <div class=\"fc-def-card\"><h3>Tax preparation<\/h3><p>Starts well before the filing deadline using already reconciled numbers rather than reconstructing those in a rush.<\/p><\/div>\r\n        <div class=\"fc-def-card\"><h3>Tax planning<\/h3><p>A year-round subject versus a seasonal one, making sure you look for what's deductible for equipment and tools, planning GST\/HST and the input tax credit, owner compensation and instalments, and advice a contractor can provide before the tax bill is paid, not after.<\/p><\/div>\r\n        <div class=\"fc-def-card\" style=\"grid-column:1 \/ -1;\"><h3>Construction-specific reporting<\/h3><p>Filing of T5018 (subcontractor payment) where a contractor's construction income satisfies the requirements, GST\/HST returns and year-end financial statements.<\/p><\/div>\r\n      <\/div>\r\n      <p style=\"text-align:center; margin-top:24px; max-width:760px; margin-left:auto; margin-right:auto;\">It is important to note that all requirements are not necessarily one size fits all, depending on the type of business and how it is run.<\/p>\r\n      <p style=\"text-align:center; max-width:760px; margin-left:auto; margin-right:auto;\">Online Accountant integrates with cloud-based platforms such as Xero and QuickBooks, making financial information available online almost instantly, as opposed to having to wait a year to reconstruct it.<\/p>\r\n    <\/div>\r\n  <\/section>\r\n\r\n  <!-- ================= WHO THIS IS BUILT FOR ================= -->\r\n  <section class=\"fc-who\">\r\n    <div class=\"fc-inner fc-text-inner\">\r\n      <div class=\"fc-kicker-row\" style=\"justify-content:center;\"><span class=\"fc-kicker-tick\"><\/span><span class=\"txt\">Who This Is For<\/span><\/div>\r\n      <h2>Who This Is Built For<\/h2>\r\n      <p style=\"text-align:center;\">Perfect for owner-operated framing companies that are getting their systems in place for the first time, contractors that just started working with their first crew, and established operations that are already working multiple crews for builders and general contractors at the same time. Most framing contractors will find themselves at some point between one crew and twenty-five employees, when DIY bookkeeping becomes unfeasible, which is when this type of assistance begins to pay for itself.<\/p>\r\n    <\/div>\r\n  <\/section>\r\n\r\n  <!-- ================= NUMBERS WORTH WATCHING ================= -->\r\n  <section class=\"fc-metrics\">\r\n    <div class=\"fc-inner\">\r\n      <div class=\"fc-metrics-head\">\r\n        <div class=\"fc-kicker-row\" style=\"justify-content:center;\"><span class=\"fc-kicker-tick\"><\/span><span class=\"txt\">Financial KPIs<\/span><\/div>\r\n        <h2>The Numbers Worth Watching<\/h2>\r\n        <p>A few key numbers tell more to a contractor than a full year-end statement:<\/p>\r\n      <\/div>\r\n      <div class=\"fc-metric-grid\">\r\n        <div class=\"fc-metric-card\"><h3>Gross margin per job<\/h3><p>Profit a project made after labour and materials costs have been deducted.<\/p><\/div>\r\n        <div class=\"fc-metric-card\"><h3>Labour cost as a percentage of revenue<\/h3><p>The quickest-moving number on most framing jobs.<\/p><\/div>\r\n        <div class=\"fc-metric-card\"><h3>Job cost<\/h3><p>Is it what you quoted?<\/p><\/div>\r\n        <div class=\"fc-metric-card\"><h3>Accounts Receivable Days<\/h3><p>The time that cash remains in the &ldquo;inbox&rdquo; of the Progress Billing System before it gets paid.<\/p><\/div>\r\n        <div class=\"fc-metric-card\" style=\"grid-column:1 \/ -1;\"><h3>Overhead as a percentage of revenue<\/h3><p>Whether growth is adding profit or just adding activity<\/p><\/div>\r\n      <\/div>\r\n      <p style=\"max-width:760px; margin:26px auto 0 auto; text-align:center;\">These all follow each other and make bookkeeping a decision-making process.<\/p>\r\n    <\/div>\r\n  <\/section>\r\n\r\n  <!-- ================= CTA CLOSING ================= -->\r\n  <section class=\"fc-cta\">\r\n    <div class=\"fc-inner\">\r\n      <h2>Let Your Books Keep Up with Your Crews<\/h2>\r\n      <p>Crews, materials and the relationship with the builders are all a full-time occupation, and the books shouldn't be one of them. Online Accountant helps Canadian framing contractors develop bookkeeping, payroll and tax planning that reflect the reality of framing operations and thereby increases profitability even before it's too late to do something about it. Contact us to discuss what that would entail for your business.<\/p>\r\n      <a href=\"https:\/\/online-accountant.ca\/contact\/\" class=\"fc-btn\">Contact Online Accountant\r\n        <svg width=\"16\" height=\"16\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M5 12h14M13 6l6 6-6 6\" stroke=\"#DC5756\" stroke-width=\"2.2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/><\/svg>\r\n      <\/a>\r\n    <\/div>\r\n  <\/section>\r\n\r\n  <!-- ================= FAQ ================= -->\r\n  <section class=\"fc-faq\" id=\"fc-faqs\" style=\"background:#fff;\">\r\n    <div class=\"fc-inner\">\r\n      <div class=\"fc-faq-head\">\r\n        <div class=\"fc-kicker-row\" style=\"justify-content:center;\"><span class=\"fc-kicker-tick\"><\/span><span class=\"txt\">FAQs<\/span><\/div>\r\n        <h2>Frequently Asked Questions<\/h2>\r\n      <\/div>\r\n      <div class=\"fc-faq-list\">\r\n\r\n        <details class=\"fc-faq-item\">\r\n          <summary>What does an accountant for framing contractors actually do differently?\r\n            <span class=\"fc-faq-chevron\"><svg viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 9l6 6 6-6\" stroke=\"#DC5756\" stroke-width=\"2.2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/><\/svg><\/span>\r\n          <\/summary>\r\n          <div class=\"fc-faq-body\">It's about watching the cash come in, just like a framing company watches the cash come in, instead of just monthly. That equates to separating labour, materials, subcontractor costs, overhead and seeing projects that are truly profitable, as well as payroll, GST\/HST and tax planning around a construction schedule.<\/div>\r\n        <\/details>\r\n\r\n        <details class=\"fc-faq-item\">\r\n          <summary>How can a framing contractor avoid an unexpected tax bill?\r\n            <span class=\"fc-faq-chevron\"><svg viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 9l6 6 6-6\" stroke=\"#DC5756\" stroke-width=\"2.2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/><\/svg><\/span>\r\n          <\/summary>\r\n          <div class=\"fc-faq-body\">By not waiting until tax filing time to think about tax. Since a contractor, as an individual, must account for income, deductions and instalments throughout the year, including equipment purchases, vehicle usage, and owner compensation, reviewing this information will allow them to plan for what they owe rather than react to it.<\/div>\r\n        <\/details>\r\n\r\n        <details class=\"fc-faq-item\">\r\n          <summary>Do framing contractors need to file T5018 slips for subcontractors?\r\n            <span class=\"fc-faq-chevron\"><svg viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 9l6 6 6-6\" stroke=\"#DC5756\" stroke-width=\"2.2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/><\/svg><\/span>\r\n          <\/summary>\r\n          <div class=\"fc-faq-body\">Generally, payments to a Canadian-resident subcontractor for construction services, where more than 50% of the business's revenue is from construction activities, will be reportable to the CRA. This may or may not apply depending on the structure of the business and the percentage of income earned from construction; it's important to confirm if this applies to your situation.<\/div>\r\n        <\/details>\r\n\r\n        <details class=\"fc-faq-item\">\r\n          <summary>How should a framing contractor actually track job profitability?\r\n            <span class=\"fc-faq-chevron\"><svg viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 9l6 6 6-6\" stroke=\"#DC5756\" stroke-width=\"2.2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/><\/svg><\/span>\r\n          <\/summary>\r\n          <div class=\"fc-faq-body\">By calculating the cost of each job, as opposed to calculating the total revenue and expenses for the year, including a fair share of overhead, labour, materials, and subcontractors. It is only by comparing the estimated cost to the actual cost on each job that you will find out where the quotes are coming up short and where they are not.<\/div>\r\n        <\/details>\r\n\r\n      <\/div>\r\n    <\/div>\r\n  <\/section>\r\n\r\n<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Accounting and Tax Services for Framing Contractors A framing crew can achieve all their deadlines, and at the end of the day, the owner can&#8217;t say, with any degree of confidence, whether that job was a money spinner. The price of lumber will be quoted for one week and then billed the following week at [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":0,"parent":29803,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"inline_featured_image":false,"footnotes":""},"class_list":["post-30839","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/cre8tivetesting.com\/online-accountants\/wp-json\/wp\/v2\/pages\/30839","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cre8tivetesting.com\/online-accountants\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/cre8tivetesting.com\/online-accountants\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/cre8tivetesting.com\/online-accountants\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/cre8tivetesting.com\/online-accountants\/wp-json\/wp\/v2\/comments?post=30839"}],"version-history":[{"count":46,"href":"https:\/\/cre8tivetesting.com\/online-accountants\/wp-json\/wp\/v2\/pages\/30839\/revisions"}],"predecessor-version":[{"id":34160,"href":"https:\/\/cre8tivetesting.com\/online-accountants\/wp-json\/wp\/v2\/pages\/30839\/revisions\/34160"}],"up":[{"embeddable":true,"href":"https:\/\/cre8tivetesting.com\/online-accountants\/wp-json\/wp\/v2\/pages\/29803"}],"wp:attachment":[{"href":"https:\/\/cre8tivetesting.com\/online-accountants\/wp-json\/wp\/v2\/media?parent=30839"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}