Tax and Accounting Insights for Construction Contractors
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If you perform construction work in California, remember that materials you furnish and install may be subject to sales and
If you’ve ever had a job site hit by a flood, wildfire, or storm — you know the physical damage
The Right Way to Ask Your C or S Corporation for Travel Reimbursements Keep these basic rules in mind when
Figuring Decline in FMV Determining the decline of a property’s FMV due to a disaster can be the most complicated
IRS Crackdown on Small Business Write-Offs The IRS has quietly stepped up audits of small businesses and pass-through entities this
Most contractors think selling a rental means getting crushed with capital gains taxes. Not necessarily. There’s a strategy sophisticated investors
How to Make an IRS Penalty Disappear (Legally!) If you’ve ever missed an estimated tax payment, and your amounts owed
Shutting down an S Corp is not as simple as just walking away from it. A lot of contractors assume
Construction is not a cash business. It’s a credit business. Most contractors don’t get in trouble because they stop making
It’s one of the most common questions I get from contractors — “George, should I buy my truck under my
The mother of all tax strategies that every construction business owner should know about: the Qualified Small Business Stock (QSBS)
If your clients aren’t referring your construction business, it’s not about your work. It’s about their experience. Most businesses do
The R&D tax credits for construction advice everyone follows is completely backwards. Most are missing out on major savings because
If you’re part of a multimember LLC taxed as a partnership (or a traditional partnership), you might occasionally pay out-of-pocket
California’s New Construction Laws Are Changing the Game for Contractors If you build residential in California, the rules just shifted.