Income Splitting
Income splitting gets hyped online as “easy tax savings.” In reality, it’s one of the fastest ways contractors...
Entity Structure
Controlled Group Trap
Contractors with multiple companies — this is a common tax trap. A lot of contractors set up separate corporations thinking: one for operations one for equipment one for real…
Hiring Your Kids as a Sole Proprietor
How Hiring Your Kids Can Save You Big on Taxes Did you know that if you’re self-employed, hiring your children can be a powerful tax-saving strategy?
C-Corp Charitable Contributions 2025
If your construction company donates to charity each year, be mindful that the OBBBA adds a new rule starting ...
Setting up Your Entity
Most contractors think setting up an LLC means they’re “done.”
They’re not.
What I see all the time:
– No EIN
...
Q-Sub
QSub vs. LLC: Which Structure Works Best? For S corporation owners, forming a Qualified Subchapter S Subsidiary (QSub) can be a smart move.
Loans vs Capital Contributions
If you own a construction company, you’ve probably put personal money into the company at some point. Payroll ...
Calendar Year vs Fiscal Year for Contractors
When you started your construction company…
Did you intentionally choose your tax year?
Or did it just default...
How to Pay Yourself From Your Business
How to Correctly Pay Yourself and Take Cash from Your Business One of the most common questions I get from business owners is: “What’s the right way to pay myself from my…
S-Corp Reasonable Comp
Contractors: S-Corp “Reasonable Salary” Can Make or Break Your Tax Savings Everyone wants an S-Corp for one reason: to reduce self-employment tax But here’s the part…
Corporate Charitable Contributions
Corporate Charitable Contributions: Important Tax Change Ahead
Under current law, C corporations can deduct c...
S-Corp Reasonable Comp Last Minute Adjustments
If you run an S-Corp and pay yourself a salary + distributions, December 26 is not too late to fix one of the ...
S Corps
“S corp saves taxes.”
Sometimes true.
Sometimes very expensive advice.
An S corporation is not a badge of succ...
S-Corp Loss Write-off Advantage
Contractors: The S-Corp “Loss Write-Off” Advantage Nobody Explains Simply Most contractors think S-Corps are only about: “Saving self-employment tax.” But here’s a different…
Benefits of a C-Corp
Most contractors default to an S Corp because they’ve been told it “saves taxes.”
But that advice can cost you...
LLC
Contractors: Should You Have an LLC? (The Real Answer) If you’re a construction contractor still operating under your personal name… or worse… as a “side hustle” with no…
One Lawsuit Will Wipe You Out
If you're running a construction business as a sole proprietor, your personal assets are exposed every single ...
Liquidating Your S-Corp
Shutting down an S Corp is not as simple as just walking away from it.
A lot of contractors assume they can s...
QSub
If you operate your construction business as an S corporation, you probably know it’s tax efficient for self-e...
How to Shut Down an S-Corp the Right Way
A lot of contractors assume they can stop using the entity and move on. Wrong. If the S election is not properly revoked, the IRS can still expect returns, compliance, and recordke
Most contractors default to an S Corp because they’ve been told it “saves taxes.”
But that advice can cost you—especially as you scale. At higher profit levels, the real opportunity isn’t just minimizing taxes… it’s controlling how and when you pay them. That’s
Most contractors think setting up an LLC means they’re “done.”
They’re not. What I see all the time:– No EIN– No separate bank account– Personal and business funds mixed– Contracts and income still in their personal name At that point, you don
S-Corp Salary Mistakes That Trigger Audits
If you’re a contractor with an S-Corp paying yourself $40K while netting $300K… You’re on thin ice. “Reasonable compensation” is the #1 S-Corp audit issue. The IRS standard is simp
“S corp saves taxes.”
Sometimes true.Sometimes very expensive advice. An S corporation is not a badge of success — it’s a tool. And like any tool, it only works when used correctly. Yes, S corps can red
🚧 Contractors with a C-Corp: Stop putting your truck & equipment inside the company.
Here’s a strategy more contractors should know (and do correctly): Personally own the asset… and lease it to your corporation.