Payroll Can Wreck You
If you’re adding payroll to your construction business, don’t treat it like a small admin step.
Payroll chang...
Payroll & Certified Payroll
Form 1099-DA: What Crypto Holders Need to Know
If you hold cryptocurrency, a form arrived in your mail or inbox this year that has never existed before: Form...
Misclassifying Workers
It happens all the time in industry.
Someone brings on a crew member and files a 1099 instead of a W-2 “to kee...
The New 1099 Threshold Changes Everything for Contractors
The New 1099 Threshold Changes Everything for Contractors
If you pay subs, the rules just changed.
The One B...
Worker Classification Can Cost You
A lot of contractors assume that if a worker is temporary, project-based, or paid on a 1099, that automaticall...
1099 vs W-2 Misclassification Trap
LINKEDIN WRITE-UP — EPISODE 167 You paid your electrician on 1099. He showed up when you called, followed your foreman's directions, used your gear. You thought you were saving on payroll.
Reducing Payroll Taxes
If you’ve ever thought about installing EV chargers at your shop, yard, or office, the clock is officially tic...
OBBBA 1099s
OBBBA’s New 1099 Filing Rules – What Businesses Need to Know
Filing 1099s isn’t anyone’s favorite pastime, but...
New 1099s Rules – YTE00001
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 that hasn’t budged since 1954.
You’re Probably Paying $15,000 More in Taxes Than You Should
If you’re a contractor running a sole prop or single-member LLC — and your profit is over $100K &#...
The New 1099 Threshold Changes Everything for Contractors
If you pay subs, the rules just changed.The One Big Beautiful Bill Act raised the 1099 reporting threshold fro...
If you’re adding payroll to your construction business, don’t treat it like a small admin step.
Payroll changes the entire business. Now you need accurate time tracking, clean job costing, proper tax withholdings, on-time deposits, reliable cash flow, and real systems behind
If you own a construction company, you’ve probably put personal money into the company at some point. Payroll was due, materials needed to be purchased, or a client payment was delayed.
What many owners overlook is that how you structure that money matters. An owner loan and a capital contribution are very different, and each comes with distinct advantages and tra
Beginning with the 2025 tax year, custodial crypto platforms are required to report digital asset transactions on the brand-new Form 1099-DA. That means if your business buys, sells, or accepts crypto through major custodial platforms (e.g. Coinbase, BitPay, or hosted wallets), those transactions will now be sent directly to the IRS—similar to how stock sales are reported on a 1099-B.
Here’s why this matters for construction companies: Crypto payments for jobs count as taxable transactions.
For contractors are thinking of spinning off new divisions or creating subsidiaries: If you now own 2+ entities and some employees work for both, you may be paying too much in payroll taxes without realizing it.
The Fix: Use a Common Paymaster Run payroll for shared employees through one entity. This prevents both companies from paying FICA on the same employee once their combined wages ex
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 adding tax headaches. Here’s how it works: - A QSub is a separate leg
🚧 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 that hasn’t budged since 1954. That’s finally changing
⚖️ IRS Tightens Rules on Misclassifying Workers
Misclassifying workers as independent contractors can be costly—back payroll taxes plus penalties that may exceed 40% of gross payroll. For decades, Section 530 has served as a “sa
1099 vs. Employee: The Worker Classification Mistake That Could Cost You Everything
A lot of contractors assume that if a worker is temporary, project-based, or paid on a 1099, that automaticall...
Payroll Taxes Can Follow You Personally
There’s one area where contractors get into serious trouble: Payroll taxes. When you withhold:• Federal income tax• Employee Social Security• Employee Medicare That money is held “
OBBBA’s New 1099 Filing Rules – What Businesses Need to Know
Filing 1099s isn’t anyone’s favorite pastime, but changes are coming that could make your life easier as a bus...
🚨 Hiring Freelancers in California? Read This Before You Send That 1099
As of January 1, 2025, California’s Freelance Worker Protection Act is in full effect—and it’s a game-changer ...