Tax Flow Friday Scorecard
Every Friday · 15–20 minutes · Know your numbers.
TAX FLOWFOR CONTRACTORS
Week of
Business
Trade
1Deposits this week, split 25/10/65 Move the money, then check the box.
| Total deposits this week | $ | Moved? | |
|---|---|---|---|
| 25% | Tax reserve (20–25% set-aside; use your number) | $ | |
| 10% | Profit reserve | $ | |
| 65% | Operating (owner pay comes out of the 65%) | $ | |
2Balances in each account
Tax reserve
$
Profit reserve
$
Operating
$
3Quarterly estimate
On track? YesNo
Next due
Amount $
4Owner pay
On schedule? YesNo
Planned $
Paid $
5Open invoices / AR
Total open
$
Oldest (days)
Follow up Monday
6Job costs vs. bid Active jobs only.
| Job | Bid | Cost to date | % complete | On track? |
|---|---|---|---|---|
| $ | $ | Y N | ||
| $ | $ | Y N | ||
| $ | $ | Y N | ||
| $ | $ | Y N |
7Bids out and won
Bids out (count / $)
Won this week (count / $)
Lost / no answer
8One thing to fix next week One thing. Not five.
Last week's fix is done
Coaching and education only. Tax rates, wage bases and figures are general; verify with your CPA before acting on them. Percentages shown are the Tax Flow 25/10/65 method; your tax set-aside may be 20–25% depending on your situation.
taxflowfriday.com
Padgett & Padgett, PLLC
Certified Public Accountants · Mount Vernon, WA
360-424-1040
Padgett & Padgett, PLLC
Certified Public Accountants · Mount Vernon, WA
360-424-1040