Dynasty Trusts
Most contractors spend 30–40 years building a successful company — working weekends, taking risks, and sacrifi...
Retirement & Wealth
Senior Citizens
New OBBBA Senior Tax Deduction – Starting 2025 If you’ll be age 65 or older on December 31, 2025, the One Big Beautiful Bill Act (OBBBA) offers a new way to reduce your tax bill—whether or not you itemize.
Retirement Plan Startup Credit
Contractors: Don’t Miss the $15,000 Retirement Plan Start-Up Tax Credit If you run a construction business and don’t yet offer a retirement plan, the IRS is currently handing…
Estate tax exclusion
If your family will eventually inherit your business property — shop, warehouse, yard, office, or land — there’s a powerful tax move that can save hundreds of thousands of dollars in estate tax.
New Solo 401k Rules
New Solo 401(k) Rules for 2025: What You Need to Know
If you’re self-employed or a small business owner, the ...
Retirement Plan $150k Penalties
Your Retirement Plan Could Cost You $150,000 in Penalties If you have a solo 401(k) or one-participant retirement plan, the IRS requires you to file Form 5500-EZ.
CA Retirement Plan Deadline
Attention California Small Business Owners: Retirement Plan Deadline Approaching By December 31, 2025, all California employers with at least one employee must comply with the state’s retirement savings mandate.
Gift Splitting
Gift Splitting: A Smart Strategy for Couples A common tax strategy: married couples doubling their annual gift tax exclusion through something called gift splitting.
529 Plans for Contractors
Here’s a tax move most people in the trades are not using — and it can build serious wealth for your kids tax-...
MAGA Accounts
New Tax Proposal: MAGA Accounts
A new proposal introduces MAGA Accounts (Money Accounts for Growth and Advanc...
529 Withdrawal Options
“We set up a 529 for our kid, but now they’re not going to college. Are we stuck paying taxes if we take the m...
Three SECURE 2.0 Changes
Contractors: Three Quiet IRS Changes That Can Affect Your Cash Flow in 2026 The IRS just finalized rules tied to SECURE 2.0, and while they sound “retirement-focused,” they…
Senior Citizen Tax Deduction
New OBBBA Senior Tax Deduction – Starting 2025 If you’ll be age 65 or older on December 31, 2025, the One Big Beautiful Bill Act (OBBBA) offers a new way to reduce your tax bill—whether or not you itemize.
Life Insurance Key Tax Considerations
A lot of business owners — especially in construction — take out life insurance to protect their family or cov...
Defined Benefit Plans
The Hidden Advantages of a Defined Benefit Plan When most people hear defined benefit plan, they think of big corporations or union pensions.
Contractor Retirement Plan Options
For contractors, retirement planning isn’t about age.
It’s about tax control.
Every extra dollar you earn can ...
Retirement Planning in the Age of Crypto
Retirement Planning in the Age of Crypto: What Business Owners Should Know
Cryptocurrency has evolved from a n...
Solo 401(k) and Retirement Plan Limits: 2025 and 2026
Every year the IRS adjusts retirement plan limits, and every year contractors either miss the increase or assu...
For contractors, retirement planning isn’t about age.It’s about tax control.
Every extra dollar you earn can lose 35–45% to taxes without planning. The right retirement structure can dramatically reduce that—now, not decades from now. Basic plans help a lit
“We set up a 529 for our kid, but now they’re not going to college. Are we stuck paying taxes if we take the money out?”
I get this question every now and then. Short answer: not necessarily. Yes — if you cash it out for non-qualified expenses, the earnings portion is taxable.But there are several sm
Here’s a tax move most people in the trades are not using — and it can build serious wealth for your kids tax-free.
Thanks to the new tax law, 529 plans now cover way more than college, including: Trade schools Apprenticeships Licenses & certifications Tools required for training…
🏗️If your family will eventually inherit your business property — shop, warehouse, yard, office, or land — there’s a powerful tax move that can save hundreds of thousands of dollars in estate tax.
It’s called Special Use Valuation. What it does Instead of valuing your property at its “highest and best use” (what a developer would pay for it), the IRS lets your heirs…
🏗️ Contractors: Don’t Miss the $15,000 Retirement Plan Start-Up Tax Credit
If you run a construction business and don’t yet offer a retirement plan, the IRS is currently handing out one of the easiest tax credits available — worth up to $15,000 over three
If you’re self-employed, the below is a quick recap of 2025 retirement plan contribution limits by plan type 👇
Solo 401(k) Employee deferral limit: $23,500 Catch-up (age 50–59 or 64+): +$7,500 ($31,000 total) Super catch-up (ages 60–63): +$11,250 ($34,750 total) Employer contribution…
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 member), the IRS can treat that as taxable income.And when that…