Tax and Accounting Insights for Construction Contractors

Latest Insights

Most construction business owners aren’t stuck because they’re not working hard enough. They’re stuck because they’re working in the wrong

Big Tax News: SALT Deduction Cap Raised to $40,000 The Senate just passed Trump’s new tax bill, and it includes
‍ ‍ ‍ The OBBBA: the “Hire Your Child” Tax Strategy If you own a business and have children, the

Many contractors running S-corps think, “I’ll just pay myself a big bonus at year-end, withhold taxes, and call it good.”

If your construction company donates to charity each year, be mindful that the OBBBA adds a new rule starting 2026

Your Construction Company Is Profitable on Paper — But Broke in Real Life Revenue is up. Jobs are booked. Crew

Contractors: Your Truck Might Be Creating a Hidden Tax Write-Off (or Tax Bill) If your company reimburses you (or your

A lot of my contractor clients hold significant crypto positions as liquidity reserves in their business, so I thought this

If you hold cryptocurrency, a form arrived in your mail or inbox this year that has never existed before: Form

Measuring a Casualty Loss after the LA Wildfires 10/15 is around the corner, meaning even LA county residents returns are

Most contractors don’t realize this, but your mortgage might be costing you way more in taxes than it should. After

If your construction business makes money but never has cash, more sales won’t fix it. That’s the trap. As revenue

Paid Family Leave Tax Credit May Soon Be Permanent – Here’s What Employers Should Know The Employer Credit for Paid
Clean Vehicle Credits Are Ending Soon If you’ve been eyeing an electric vehicle — or advising clients who are —

If you’re running a construction business, don’t leave money on the table. These last-minute quick strategies can help you save

Profit Doesn’t Mean You Have Cash You can be profitable… and still run out of money. That’s where most contractors

One mistake can destroy an entire 1031 exchange. And most people don’t realize it until it’s too late. Here are

One of the fastest ways business owners lose deductions in an IRS audit is simple: missing or unreadable receipts. Your

Beginning in 2026, the OBBBA opens the door for itemized federal tax deductions on personal casualty losses from state-declared disasters

It happens all the time in industry. Someone brings on a crew member and files a 1099 instead of a

The 5 Biggest Tax Mistakes Small Business Owners Make (and How to Avoid Them) Running a business is tough enough—don’t

‍ WOTC Extended Through 2029 Under the OBBBA – What Employers Should Know ‍ The Work Opportunity Tax Credit (WOTC)
LinkedIn Write-Up Contractors miss this deduction all the time. If you start your day at home reviewing schedules, sending invoices,

Game On (Again): FinCEN BOI Reports Due March 21, 2025 The court lifted its injunction. That means the game is

1031 Exchanges for Contractors & Builders If you’re a contractor or builder selling real estate and paying capital gains tax,