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Garth Gilmour and Joe Jooste, Gilmour & Jooste Electrical: Client Q&A

Garth Gilmour and Joe Jooste have amped up their business to a workforce of around 30 with the help of PSZ.

You started your electrical contracting business in 2005. How did it happen?
We first worked together on a job for another electrical contractor. We subsequently helped each other out on many occasions and decided it was more practical to become partners.

You’ve grown from two partners and two apprentices in 2005 to a thriving business of around 30 staff. How have you achieved that?
We needed more staff after winning a government contract. More apprentices were employed when our original apprentices became electricians. We always have teams of electricians and apprentices working together.

Is there a particular aspect of electrical work you focus on?
We concentrate on doing maintenance for larger organisations, government bodies and local shires, and we still love doing new installations and renovations.

What’s the biggest challenge in running your business?
Coordinating people and tasks, and working with ever-changing cashflows.

How long have you been a client of PSZ?
We’ve been with PSZ since 2011 through a recommendation from a customer. When we met Carlo and listened to his suggestions we knew PSZ would be great accountants for us.

What services has PSZ provided for you apart from the obvious tax returns?
Carlo revamped our whole financial structure and has ensured we have solid systems in place. First up was a partnership agreement and then all the necessary trusts, companies and insurances along with the usual ATO dealings. Then there was the setting up of each partner’s self-managed super fund and estate planning.

What about the associated services offered through PSZ Partners?
We’ve also used Richard for insurance and Steve for finance broking.

Any key pieces of advice PSZ has given you?
Paying off our BAS account monthly helps with cashflow.

What do you like to do when you’re not working?
Garth: I enjoy spending time with my wife and two girls, get-togethers with family and friends, and boating.

Joe: Like Garth, I like to spend time with my wife and two daughters. I love a good barbecue, the beach, scuba diving and socialising with family and friends on hot summer days.

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