Tax and Accounting Insights for Construction Contractors
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Some last minute tax deductions for contractors before the year ends: 1️⃣ Maximize Home Office Deductions → Calculate square footage
2026 Vehicle Deductions (Trucks & SUVs) Contractors: buying a truck in 2026? Read this first. 100% bonus depreciation is back.
Your Bookkeeper Doesn’t Know Your Job Costs—And It’s Costing You You finish a $300K job. The books say you made
If you own two or more related corporations and the same employees work for both, the common paymaster rule lets
If you run a construction business — whether it’s just you, you and your spouse, or a small team, there’s
A lawyer just lost a Tax Court case—because he trusted AI to do his legal research. He used AI to
If you paid IRS penalties or interest during COVID (March 2020 – July 2023), you have until July 10 to
I get this scenario/question all the time: You finish an $18,000 job. The client went out of business. You never
The new One Big Beautiful Bill (OBBBA) made the Qualified Opportunity Zone (QOZ) program permanent, which is big news for
A lot of contractors are missing deductions they should already be taking. The problem usually isn’t lack of expenses. It’s
The $31 Million Accounting Rule Change Every Contractor Should Know The gross receipts threshold for simplified accounting is $31 million
May 13, 2026 As of January 1, 2026, California contractors have a legal right most are not using. Under SB
Corporate Charitable Contributions: Important Tax Change Ahead Under current law, C corporations can deduct charitable contributions up to 10% of
If you run an S-Corp and pay yourself a salary + distributions, December 26 is not too late to fix
Most California contractors think they’re taking the same deductions as everyone else. They’re not. California doesn’t conform to federal bonus