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Most construction contractors think tax savings come from deductions alone.
Most construction contractors think tax savings come from deductions alone.
That’s incomplete.
A smarter compensation structure can reduce waste too.
In this episode, I break down how fringe benefits can help construction business owners create legitimate tax savings, improve employee retention, and avoid overpaying through fully taxable compensation.
We cover the 4 tax buckets of fringe benefits:
• totally tax-free
• partly tax-free
• tax-deferred
• fully taxable but still valuable
The big warning: if these benefits aren’t set up and documented correctly, the IRS can disallow deductions and create a very expensive mess.
If you’re a contractor doing $500K to $5M+ and your payroll keeps climbing, this is something you need to understand.
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