QUICK ANSWER For tax year 2026 a business can expense up to $2,560,000 of qualifying equipment under Section 179, with that limit reduced dollar for dollar once more than $4,090,000 of qualifying property is placed in service, and 100 percent…
Contractor Year-End Planning Starts in September (Here’s Why) For most contractors, year-end planning feels like a December activity. The year is winding down, the books are being closed, and attention finally turns to taxes and financial review. By then, however,…
Using Debt the Right Way in Construction: Credit That Supports Growth Debt has a difficult reputation in construction. For many contractors, the word itself signals trouble, a sign that the business is struggling or that something has gone wrong. Yet…
Growing Crews Without Losing Control: Financial Systems That Scale Growth is the goal for most contractors. More crews, more projects, and more revenue all signal that the business is succeeding. Yet many contractors discover that growth introduces a problem they…
The Mid-Year Contractor Checkup: Are Your Jobs Actually Profitable? By the time June arrives, most contractors are deep into the busiest part of their operating year. Multiple projects are underway, crews are fully scheduled, and new bids are still being…
Insurance Audit Readiness for Contractors: How to Avoid 20%+ Premium Increases For many contractors, insurance audits tend to arrive unexpectedly. One moment operations are running normally, and the next a request appears asking for payroll records, subcontractor documentation, and certificates…
After Tax Day: What Smart Contractors Fix Immediately April 15 brings relief for many contractors when it comes to taxes. The returns are filed, paperwork is complete, and tax season is finally behind you. However, for contractors who want stronger…
How to Start the Year With Clean Books, Real Job Margins, and No Tax Surprises January is the most effective time of year for contractors to review and reset their financial systems. At this point, the prior year has closed,…
Do you have employees working in multiple states? Employees who are working in multiple states create two key issues: Which state(s) should your business withhold taxes for those employees? Which state should your business pay the unemployment taxes? In general,…
Consequence of Ignoring an IRS Tax Notice In a court case ruling earlier this year, the IRS claimed a part-time bookkeeper who had none of the following: No company ownership. Not an officer of the company. No check-signing authority on…
