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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
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
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
A lot of you have been dabbling in crypto the last couple of years. If you’re sitting on losses from
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
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