Tax law changes constantly and most of the coverage is written for accountants. This is the plain-English version for contractors: what changed, whether it affects a construction business, and what to do about it before the deadline.
Most contractors don’t get in trouble because they stop making money on paper. They get in trouble because they lose access to the credit that keeps jobs moving—lines of credit, eq
If you’re profitable but still getting hit with a massive tax bill, there’s usually one root cause: your structure isn’t optimized. I see it all the time:• Default LLCs with no str
BRRRR = Buy, Rehab, Rent, Refinance, RepeatAnd if you’re in construction, you already control the hardest part: the rehab. Here’s why contractors have a built-in edge 👇 🔨 BUYYou se
The Energy Efficient Home Builder Credit (IRC §45L), a federal tax credit worth up to $5,000 per home or apartment unit. With passage of the OBBBA, this credit expires for homes ac
We recently worked with a high-income contractor who had a strong year and came in late Q4 looking to reduce taxes. Some strategies still worked. Most didn’t. What can still work l
1. Leverage Cost Segregation Studies → Accelerate depreciation on building components. Boosts cash flow by 20% in year one. 2. Implement a Tax-Efficient Entity Structure → Use LLCs
Starting in 2025, crypto platforms like Coinbase, BitPay, and custodial wallets must report transactions to the IRS on a new form (1099-DA). Important part most people miss 👇• The
Step 1: Audit your expenses → Identify deductible expenses. This reduces taxable income and increases savings. Step 2: Maximize retirement contributions → Contribute to SEP IRA or