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Starting in 2025, the One Big Beautiful Bill Act (OBBBA) lets you deduct up to $10,000/year of interest on a
It’s called Special Use Valuation. 🌱 What it does Instead of valuing your property at its “highest and best use”
More specifically, C corporations will face a new 1% “floor” on charitable deductions. For example:If your company earns $1,000,000 and
As we head into Thanksgiving, many construction business owners start planning holiday lunches, crew appreciation events, or year-end parties. It’s
But through it all, one thing has stayed constant: my gratitude for all of you. To my clients — thank
If you run a construction business and don’t yet offer a retirement plan, the IRS is currently handing out one
Every year I see some higher-income earners asking about or rushing to do backdoor Roth IRA conversions, believing they’ve unlocked
Prepay Expenses (IRS 12-Month Safe Harbor) Cash-basis businesses can prepay up to 12 months of expenses—such as rent, insurance, or
Step 1: Identify Qualifying Activities → Look for unique design, engineering, or material innovations in your projects. Step 2: Document
1. 💡 Unlock Hidden Deductions Most contractors miss 50% of available deductions. Focus on equipment depreciation, accountable plan, a full
Here are the top ones worth your attention: 1. Stop Paying 40% Taxes When You Don’t Need To Short-term capital
A lot of you have been dabbling in crypto the last couple of years. If you’re sitting on losses from
Employer-Provided Child Care Credit — BIG Changes Coming Right now, businesses can claim a credit equal to 25% of child
If you expect to stay in a similar (or higher) tax bracket next year and you think your crypto will
The 𝗔𝗹𝘁𝗲𝗿𝗻𝗮𝘁𝗶𝘃𝗲 𝗙𝘂𝗲𝗹 𝗩𝗲𝗵𝗶𝗰𝗹𝗲 𝗥𝗲𝗳𝘂𝗲𝗹𝗶𝗻𝗴 𝗣𝗿𝗼𝗽𝗲𝗿𝘁𝘆 𝗖𝗿𝗲𝗱𝗶𝘁 (𝗦𝗲𝗰𝘁𝗶𝗼𝗻 𝟯𝟬𝗖) gives businesses a 𝘁𝗮𝘅 𝗰𝗿𝗲𝗱𝗶𝘁 𝗼𝗳 𝘂𝗽 𝘁𝗼 $𝟯𝟬,𝟬𝟬𝟬 for installing
See below 👇 1. Embrace Predictive Analytics for Cost Savings → Use AI to predict project costs with 90% accuracy.
1. Leverage Tech Tools: → Implement project management software. Boosts efficiency by 30%. 2. Diversify Services: → Add complementary offers.
Starting in 2026, the IRS is making the Employer Credit for Paid Family and Medical Leave permanent, and expanding how
But here’s the deal…If your 2025 taxable income goes over $197,300 (single) or $394,600 (married), that 20% deduction can phase
Here’s how it works 👇 The IRS’ Opportunity Zone program was just revived (and expanded) by the new One Big
Here’s how smart contractors are using medical plans to save thousands in taxes before year-end 👇 ________________________________________ 🔹 𝟭. 𝗦𝗲𝗰𝘁𝗶𝗼𝗻
🔹 Solo 401(k) Employee deferral limit: $23,500 Catch-up (age 50–59 or 64+): +$7,500 ($31,000 total) Super catch-up (ages 60–63): +$11,250
Unlock Hidden Cash Flows Diving into cost segregation is like finding hidden treasure in your investment property. It can accelerate
100% Bonus Depreciation is BackBuy new equipment, vehicles, or certain property after Jan 19, 2025, and you can deduct the
Put Your Kids on the PayrollIf your kids helped out on the job site or in the office, pay them