Upcoming Tax Changes
Major tax reform is on the horizon, and your clients are facing unprecedented uncertainty about their tax futu...
Construction Business
Fringe Benefits Save Taxes
Most construction contractors think tax savings come from deductions alone.
That’s incomplete.
A smarter com...
Business Gifts
If you spend $300 on a holiday gift basket for a referral partner… The IRS says you can deduct… $25. Not $250. Not “most of it.” Twenty-five dollars.
Reasonable Comp
If you own an S-Corp and work in the business, the IRS expects you to pay yourself a reasonable salary.
Not so...
Finding Money in Your Business
Most contractors think they have a sales problem.
More jobs. More leads. More revenue.
But here’s the reality…...
Christmas Offer
My Christmas Gift to Contractors On Christmas Day, I wanted to do something simple and meaningful for contractors who are planning ahead for the new year.
Thanksgiving Message
As we head into Thanksgiving, I’ve been reflecting on this past year. It’s definitely been challenging — both personally and professionally.
Business Loss Rule
What Every Business Owner Needs to Know About the Excess Business Loss Rule (IRC §461(l)) As we move deeper into 2025, it's crucial for business owners — especially those…
Estimated Tax Payments
Most contractors don’t get in trouble with the IRS because they’re dishonest.
They get in trouble because they...
10 Construction Scaling Secrets
Most construction businesses stagnate because they overlook these scaling secrets. Here's how to unlock real g...
IRS Refunds
Contractors expecting a tax refund in 2025 — read this. The IRS is moving away from paper refund checks starting with 2025 tax returns.
Why Contractors Overpay in Taxes
Most contractors don’t have a tax problem.
They have a strategy problem.
If you’re profitable but still gettin...
E158 IRS Fringe Benefit Traps
E158 LI - IRS Fringe Benefit Traps
Most contractors think employee perks are simple.
Buy lunch for the crew.
H...
Estimated Quarterly Taxes
Contractors: Stop getting smoked by quarterly tax penalties. If you’ve ever hit April and thought… “Wait… I owe HOW much?!” or “Why did the IRS penalize me when I paid my…
Pay Family Members One-Time Projects
Most contractors know they can hire their kids and save on taxes. But here's the twist most CPAs won't tell yo...
Transferring Money In and Out of Business
I get this question all the time:
“Is it okay if I move money from my business to my personal account?
And wha...
QSBS
A Major Win for Startups and Investors QSBS just got supercharged. The OBBBA significantly enhances Qualified Small Business Stock (QSBS) rules: Exclusion cap raised from…
Operating Losses
Most contractors think a bad year means a big tax break.
Not true.
Construction business owners can lose six f...
E160 Contractors Your Meetings Are Costing Millions
California contractors need to stop bidding like it is 2019.
The numbers are ugly.
California's construction...
FWPA
If you’re a contractor in California, and you hire independent pros to help your construction business (e.g. e...
Scam Losses
Scammed in 2024? You might still be able to deduct the loss—but only in specific cases. According to new data from the Federal Trade Commission, consumers lost over $12.5 billion to fraud in 2024.
Roth Plans
Rethinking Roth Strategy: Why Backdoor Roths Aren’t the Power Move People Think They Are Every year I see some higher-income earners asking about or rushing to do backdoor…
CDTFA Rates Effective 10-1-2025
If you perform construction work in California, remember that materials you furnish and install may be subject...
Calculating Decline of FMV
Figuring Decline in FMV
Determining the decline of a property’s FMV due to a disaster can be the most complic...
