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If you operate your construction business as an S corporation, you probably know it’s tax efficient for self-employment taxes. However, here’s a strategy you probably didn’t know about: 👇

You can create an S corporation subsidiary, called a QSub — and it can give you extra legal protection without

The mother of all tax strategies that every construction business owner should know about: the Qualified Small Business Stock (QSBS) exclusion.

The rule: If you structure your business as a C corporation and meet the QSBS rules, you can sell up

If any part of your building or property has a useful life of 20 years or less (e.g. parking lots, lighting, HVAC, interior finishes, or site work) you can expense it all in year one instead of depreciating it over decades.

That’s a huge cash-flow boost. 💰 But here’s the deal — you can’t just guess what qualifies.You need a cost

If you’ve ever had a job site hit by a flood, wildfire, or storm — you know the physical damage can be devastating. But here’s something most contractors don’t know: the IRS makes it tough to get a tax break for personal casualty or theft losses… and the OBBBA didn’t change that much.

Here’s the breakdown 👇 🔸 Bad news first:Until 2026, you can only deduct a personal casualty loss (like a fire

Most construction firms bleed cash due to tax inefficiencies. Here’s how to plug those leaks and save $50K+ annually:

1. Leverage Section 179 Deductions → Accelerate equipment depreciation to reduce taxable income immediately. 2. Implement Job Costing Software →

The underground OBBBA Qualified Opportunity Zones tactics that 99% will never discover:

1. Not just for the wealthy. → Even small investors can capitalize on tax incentives. A client invested $20K and

It’s one of the most common questions I get from contractors —“George, should I buy my truck under my business or just keep it in my personal name?”

Here’s the short answer 👇 Putting it under the business:➕ You can deduct everything — payments, fuel, insurance, repairs, and

Not every write-off means cutting a check.Some of the best tax deductions for contractors are non-cash outlays — paper deductions that lower your taxable income without hurting your bank balance.

Here are a few worth knowing: 🏗️ Depreciation & Bonus Depreciation – Write off equipment, trucks, or tools (even if

Every contractor hits this crossroad at some point:👉 Do I lease that new skid steer, dump truck, or excavator… or just buy it outright?

Here’s the short version 👇 Buying:🔨 Big upfront deduction with Section 179 or bonus depreciation (you can often write off

A lot of business owners — especially in construction — take out life insurance to protect their family or cover their company if something happens to them.

But here’s something most people don’t know 👇If you ever sell your term life insurance policy (even to a family

If you’re a contractor in California, and you hire independent pros to help your construction business (e.g. estimator, bookkeeper, marketing consultant, or designer — not your field crew), note that starting January 1, 2025, the Freelance Worker Protection Act (FWPA / SB 988) requires written contracts for freelance jobs worth $250+ (or ongoing work over 120 days).

That contract must include:- Both parties’ names & addresses- Scope of work, rate, and payment terms- Payment due date (or

Beginning in 2026, the OBBBA opens the door for itemized federal tax deductions on personal casualty losses from state-declared disasters — not just federally declared ones.

That means if a governor declares a natural disaster in your state, the financial impact could now qualify for a

If you’re running a construction business, whether you’re flipping houses, or taking on projects part-time, make sure you’re on the right side of the “business vs. hobby” line.

The IRS is cracking down harder than ever on side gigs and small operations that look like hobbies on paper.

The new One Big Beautiful Bill Act (OBBBA) made significant tax relief for contractors, developers, and property owners.

🏗️ 100% Bonus Depreciation — Permanent.Write off equipment, heavy vehicles, and land improvements in the year you buy them —

The new One Big Beautiful Bill (OBBBA) made the Qualified Opportunity Zone (QOZ) program permanent, which is big news for the construction industry.

As many might know, “QOZ 1.0” allows deferral of capital gains for capital invested in designated areas until 2026. Starting

It happens all the time in industry.

Someone brings on a crew member and files a 1099 instead of a W-2 “to keep things simple.” Here’s the

Many contractors running S-corps think, “I’ll just pay myself a big bonus at year-end, withhold taxes, and call it good.”Sounds smart, right? Not so fast.

Here’s why this strategy can backfire: 1) Payroll taxes sting: A $100,000 W-2 bonus can cost you and your company

🚧 1099-NEC Threshold Increases to $2,000 🚧

For decades, contractors and small business owners have been stuck with a $600 threshold for issuing 1099-NEC forms, a number

If you perform construction work in California, remember that materials you furnish and install may be subject to sales and use tax — and local rates are changing effective October 1, 2025.

Review your project locations, update your systems, and make sure your billing reflects the new CDTFA rates. Attach CDTFA Rates.