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Profitable Painter Podcast

Profitable Painter Podcast

Written by: Daniel Honan CPA
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Profitable Painter Podcast is a rich resource for anyone interested in starting, running, and scaling a professional painting business, offering valuable insights, strategies, and interviews with industry leaders. Through case studies and in-depth discussions, we deliver a vivid picture of the painting industry, with a disclaimer that any financial or tax information is general and not a substitute for professional advice.

© 2026 Online Bookkeep LLC
Economics Leadership Management & Leadership
Episodes
  • Helping a $900k Painting Business Owner Save Big in Tax
    Jun 5 2026

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    We walk through how to use a business to create personal financial benefits legally, focusing on deductions you can defend with documentation. We compare practical tax strategies for a service business, including meeting-based deductions, reimbursements for home and phone costs, and vehicle write-offs.
    • establishing baseline income sources and what changes in 2026
    • setting up a Board of Advisors with friends or family and documenting meetings
    • deducting board meeting meals and advisor travel with the right percentages
    • stacking the Augusta Rule to rent your home to your business up to 14 days
    • understanding related party transaction risk and mitigating it with a home swap
    • using an accountable plan to reimburse home office, Wi-Fi, and cell phone use
    • choosing mileage vs actual costs and depreciation for a higher-priced vehicle
    • avoiding “buy stuff to save taxes” thinking and focusing on real expenses


    This episode was originally recorded as a video for YouTube.

    If you hear me say things like “in this video” or reference visuals, don’t worry —
    the content still works perfectly in audio form.

    And if you ever want to watch the video version, you can find it on the
    Profitable Painter YouTube channel.

    https://www.youtube.com/@BookkeepingForPainters

    Show More Show Less
    18 mins
  • LLC Or S-Corp?
    May 29 2026

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    We break down when an LLC stops being the best fit and when an S-corp becomes worth evaluating for a painting business. We focus on business stage, stable profit, and clean systems so you can save on self-employment tax without creating a compliance mess.
    • Why rising profits can trigger a surprising self-employment tax bill
    • When an LLC’s simplicity helps and when it starts getting expensive
    • The three conditions that make an S-corp worth considering
    • How S-corp owner pay works through reasonable salary and distributions
    • Red flags that signal you are not ready for payroll and compliance
    • A stage-based way to decide without hype
    If you get value from this type of information, grab a free copy of my book, Profitable Painter. Click the link in the description to grab a free copy. Just cover the shipping.


    This episode was originally recorded as a video for YouTube.

    If you hear me say things like “in this video” or reference visuals, don’t worry —
    the content still works perfectly in audio form.

    And if you ever want to watch the video version, you can find it on the
    Profitable Painter YouTube channel.

    https://www.youtube.com/@BookkeepingForPainters

    Show More Show Less
    6 mins
  • A $1.5 Million Painting Company Can Still Run Out Of Money
    May 22 2026

    Send us Fan Mail

    We break down why a painting business can be busy, profitable on paper, and still nearly broke, using a real case of $1.5M in revenue with only $7K in cash. We lay out a simple order of operations that stabilizes cash flow before you ever consider spending more on ads.
    • spotting the three primary constraints: demand, labor, and money behavior
    • why profit is not cash and busy is not healthy
    • the danger zone of having under one month of overhead in the bank
    • labor overruns as the hidden cause of weak gross profit and cash squeeze
    • a rule of thumb for employee labor costs near one-third of job price
    • deposits, progress payments, and receivables as cash flow levers
    • stopping owner draws from choking working capital
    • deciding on ad spend only after cash systems and labor systems are stable
    If you get value from this type of information, grab a free copy of my book, Profitable Painter. Click the link in the description to grab a free copy, just cover the shipping.


    This episode was originally recorded as a video for YouTube.

    If you hear me say things like “in this video” or reference visuals, don’t worry —
    the content still works perfectly in audio form.

    And if you ever want to watch the video version, you can find it on the
    Profitable Painter YouTube channel.

    https://www.youtube.com/@BookkeepingForPainters

    Show More Show Less
    9 mins
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