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The IRS just raised the gross receipts threshold for simplified accounting to $31 million. If your construction business grosses under
You finished the quarter. Numbers look solid. Accountant says you made money. Bank says otherwise. This is the phantom profit
If you’re a contractor running a sole prop or single-member LLC — and your profit is over $100K — this
Two new laws are changing the landscape for residential contractors in California. SB 79:→ Overrides local zoning near BART, LA
California’s updated Civil Code took effect January 2026 — and if you’re a residential contractor, you need to know what
Big update for residential contractors. The completed-contract method just expanded. Under the new law, more residential projects qualify, including apartments
If you buy equipment, pay attention. The One Big Beautiful Bill Act expanded Section 179 limits: Up to $2.5M in
Revenue is up. Jobs are booked. Crew is busy. But your bank account says otherwise. This is the number one
If you pay subs, the rules just changed. The One Big Beautiful Bill Act raised the 1099 reporting threshold from
If you build residential in California, the rules just shifted. As of January 2026: 5% retention cap on private projects
A lot of contractors don’t have a revenue problem. They have a visibility problem. They’re busy. They’re booked. But they
Most contractors think profit is whatever is left over after the job is done. That’s one of the fastest ways
A lot of contractors are missing deductions they should already be taking. The problem usually isn’t lack of expenses. It’s
Most rental losses are passive, which means they usually do not offset your W-2 income, business income, or other ordinary
A lot of contractors think the tax strategy ends when they write off the equipment. It doesn’t. If you sell
Most contractors track the wrong numbers. They stare at revenue, bank balance, and net profit and think they have control.
