E160 Contractors Your Meetings Are Costing Millions
California contractors need to stop bidding like it is 2019.
The numbers are ugly.
California's construction...
Uncategorized
OBBBA SALT
🌟 OBBBA SALT Deduction New Cap
The One Big Beautiful Bill Act (OBBBA) brings a change for many taxpayers by te...
Fueling Station Credits
If you’re in construction, trucking, or heavy equipment, and you’ve been thinking about adding 𝗘𝗩 𝗼𝗿 𝗮𝗹𝘁𝗲𝗿𝗻𝗮𝘁𝗶...
US Taxpayers Abroad Filing Deadline
🌍U.S. Taxpayers Abroad: Your 2024 Federal Filing Deadline Is June 16, 2025
If you’re a U.S. citizen or residen...
Busy But Still Broke
If you’re a contractor who’s always working but never feels paid, this is for you.
Jobs are coming in. Crews a...
Digitize Receipts
📂 Protect Yourself: Digitize Tax Receipts
When it comes to an IRS audit, one of the top reasons taxpayers lose...
Pet Write-off
Can You Write Off Your Pet on Your Taxes?
It depends… but in some cases, yes, you actually can. 🐶💼
As a tax pr...
FWPA
If you’re a contractor in California, and you hire independent pros to help your construction business (e.g. e...
Top 10 Contractor Deductions
🚧 Top 10 Tax Deductions Every Construction Contractor Should Be Taking (Keep more of what you earn 💰)
Most con...
2025 Retirement Plan Limits
If you’re self-employed, the below is a quick recap of 2025 retirement plan contribution limits by plan type 👇...
New 1099s Rules – YTE00001
🚧 1099-NEC Threshold Increases to $2,000 🚧
For decades, contractors and small business owners have been stuck ...
One Lawsuit Will Wipe You Out
If you're running a construction business as a sole proprietor, your personal assets are exposed every single ...
ER Child Care Credit
🧒💼 Big Win for Employers Investing in Child Care! 💼🧒
The IRS Code §45F is getting a powerful upgrade — and it'...
WOTC
If you’re planning to bring on additional workers in 2025 — especially with busy seasons ahead — don’t sleep o...
Scam Losses
💸 Scammed in 2024? You might still be able to deduct the loss—but only in specific cases.
According to new dat...
Winging It Will Kill Your Company
May 11, 2026
Most construction businesses don't fail because of bad work. They fail because of no plan.
I've...
Roth Plans
🚀 Rethinking Roth Strategy: Why Backdoor Roths Aren’t the Power Move People Think They Are
Every year I see so...
CDTFA Rates Effective 10-1-2025
If you perform construction work in California, remember that materials you furnish and install may be subject...
Writing Off Travel the Right Way
Writing Off Travel the Right Way
Headed to a trade show? Visiting a job site out of state?
Travel deductions c...
What Contractors Need to Know About the New Casualty Loss Deduction
If you’ve ever had a job site hit by a flood, wildfire, or storm — you know the physical damage can be devasta...
Health Reimbursement Accounts
💡 Tax Strategy Spotlight: Why More Businesses Should Be Talking About Health Reimbursement Accounts (HRAs)
One...
Travel Reimbursements
The Right Way to Ask Your C or S Corporation for Travel Reimbursements
Keep these basic rules in mind when y...
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...
Write-up IRS Small Business Audits
IRS Crackdown on Small Business Write-Offs
The IRS has quietly stepped up audits of small businesses and pass-...