Different Hats of a Construction Business
Most construction business owners aren’t stuck because they’re not working hard enough.
They’re stuck because ...
Uncategorized
Write-Up SALT Extension
🚨 Big Tax News: SALT Deduction Cap Raised to $40,000
The Senate just passed Trump’s new tax bill, and it inclu...
OBBBA Paying Children
👨👩👧👦 The OBBBA: the “Hire Your Child” Tax Strategy
If you own a business and have children, the One Big Bea...
Houzz PMS
📌 Contractors: The “One Source of Truth” Fix That Stops Chaos Before It Starts
If you’re running jobs off:
📲 t...
Year-end Bonus
Many contractors running S-corps think, “I’ll just pay myself a big bonus at year-end, withhold taxes, and cal...
– C-Corp Charitable Contributions 2025
If your construction company donates to charity each year, be mindful that the OBBBA adds a new rule starting ...
Your Construction Company Is Profitable on Paper but Broke in Real Life
Your Construction Company Is Profitable on Paper — But Broke in Real Life
Revenue is up.
Jobs are booked.
Cre...
Truck – Built-in Deduction
🚧 Contractors: Your Truck Might Be Creating a Hidden Tax Write-Off (or Tax Bill) 🚧
If your company reimburses ...
Winging It Will Kill Your Company
Monday, 2026-05-25 — Winging It Will Kill Your Construction Business
Most construction contractors are making...
– Crypto YE Strategies
A lot of my contractor clients hold significant crypto positions as liquidity reserves in their business, so I...
1099-DA
Beginning with the 𝟮𝟬𝟮𝟱 𝘁𝗮𝘅 𝘆𝗲𝗮𝗿, custodial crypto platforms are required to report digital asset transactions...
Penalty-Free Withdrawals from Retirement Accounts
Penalty-Free Withdrawals from Retirement Accounts
As a result of the Secure 2.0 Act passed in 2022, taxpayers...
Measuring Casualty Loss After LA Wildfires
Measuring a Casualty Loss after the LA Wildfires
10/15 is around the corner, meaning even LA county residents ...
Interest Tracing
Most contractors don’t realize this, but your mortgage might be costing you way more in taxes than it should.
...
Profit First for Contractors
If your construction business makes money but never has cash, more sales won’t fix it.
That’s the trap.
As rev...
Paid Family Leave Tax Credit
🏥👶 Paid Family Leave Tax Credit May Soon Be Permanent – Here’s What Employers Should Know 👶🏥
The Employer Cred...
EV Tax Credit
🚨⚡ Clean Vehicle Credits Are Ending Soon⚡🚨
If you’ve been eyeing an electric vehicle — or advising clients who...
– Last Minute Deductions for Contractors
If you’re running a construction business, don’t leave money on the table. These last-minute quick strategies ...
Profit vs Cash
Profit Doesn’t Mean You Have Cash
You can be profitable… and still run out of money.
That’s where most contrac...
The Profit System Contractors Ignore
The Profit System Contractors Ignore
Ever finish a big job… look at your bank account… and wonder where the mo...
1031s Gone Wrong
One mistake can destroy an entire 1031 exchange.
And most people don’t realize it until it’s too late.
Here ar...
– Digitizing Tax Receipts
One of the fastest ways business owners lose deductions in an IRS audit is simple: missing or unreadable recei...
OBBBA Casualty Loss Update
Beginning in 2026, the OBBBA opens the door for itemized federal tax deductions on personal casualty losses fr...
When Construction Deals Fail The Tax Fallout
🚧 When Construction Deals Fail: The Tax Fallout
Contractors often spend real money trying to buy:
• Another co...
Misclassifying Workers
It happens all the time in industry.
Someone brings on a crew member and files a 1099 instead of a W-2 “to kee...