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.

Tax Law & Compliance Updates

If you’re planning to bring on additional workers in 2025 — especially with busy seasons ahead — don’t sleep on the Work Opportunity Tax Credit (WOTC). This credit rewards employers for hiring from certain “target groups,” and for the construction industry (where labor shortages are real), it can be a big win.

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Here’s the quick rundown: 🔹 Up to $2,400 per qualifying new hire.The basic WOTC gives you 40% of the first $6,000 in wages paid — that’s a $2,400 credit per employee. 🔹 Even higher
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Tax Law & Compliance Updates

A lot of my contractor clients hold significant crypto positions as liquidity reserves in their business, so I thought this may be relevant. Here’s one powerful year-end move most people don’t even know exists: tax-gain harvesting.

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If you expect to stay in a similar (or higher) tax bracket next year and you think your crypto will keep climbing, this strategy lets you: - Lock in today’s long-term capital gains
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Tax Law & Compliance Updates

Finding (and keeping) skilled workers has been one of the biggest challenges in construction the last few years. Starting in 2026, the IRS is quietly rolling out a major upgrade to a credit that can help you attract talent AND cut your tax bill:

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Employer-Provided Child Care Credit — BIG Changes Coming Right now, businesses can claim a credit equal to 25% of child care expenses, up to $150,000 per year. But starting in 2026
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