Tax saving & other accounting tips for your construction business.
The Tax Benefits of Section 179 Deductions for Contractors
The Tax Benefits of Section 179 Deductions for ContractorsWhen running a construction or remodeling business, it's important to understand tax law as it relates to your operations. One important thing to understand is the benefit of using Section 179 deductions, which...
What the New FinCEN Beneficial Ownership (BOI) Reporting Requirement Means for Your Small Business
What the New FinCEN Beneficial Ownership (BOI) Reporting Requirement Means for Your Small BusinessThe Financial Crimes Enforcement Network (FinCEN) has recently rolled out a significant regulatory measure known as the Beneficial Ownership Information (BOI) reporting...
Comparing Standard Mileage Deduction vs. Actual Auto Expenses (2024)
Comparing Standard Mileage Deduction vs. Actual Auto Expenses (2024)Vehicle expenses can be a significant cost for small businesses, especially for contractors and other home service companies who travel to their customers’ homes to meet with and/or perform services...
The Tax Benefits of Section 179 Deductions for Contractors
The Tax Benefits of Section 179 Deductions for ContractorsWhen running a construction or remodeling business, it's important to understand tax law as it relates to your operations. One important thing to understand is the benefit of using Section 179 deductions, which...
When Are Estimated Quarterly Tax Payments Due in 2024?
When Are Estimated Quarterly Tax Payments Due in 2024?For owners of construction and remodeling businesses, taxes can be a real headache. Unlike employees who have their taxes taken out of their paychecks automatically, business owners are responsible for taking care...
Home Service Companies: Your Bookkeeper Is Losing You Money
Construction Companies: Your Bookkeeper Is Losing You MoneyFor most roofing, remodeling, and other home service company owners, bookkeeping is somewhat of an afterthought. After all, there are so many other pressing matters to worry about day-to-day: Gathering...
What the New FinCEN Beneficial Ownership (BOI) Reporting Requirement Means for Your Small Business
What the New FinCEN Beneficial Ownership (BOI) Reporting Requirement Means for Your Small BusinessThe Financial Crimes Enforcement Network (FinCEN) has recently rolled out a significant regulatory measure known as the Beneficial Ownership Information (BOI) reporting...
Comparing Standard Mileage Deduction vs. Actual Auto Expenses (2024)
Comparing Standard Mileage Deduction vs. Actual Auto Expenses (2024)Vehicle expenses can be a significant cost for small businesses, especially for contractors and other home service companies who travel to their customers’ homes to meet with and/or perform services...
How to Determine Reasonable Salary Compensation as an S-Corp Owner
Determining How Much Salary to Pay Yourself as an S-Corp Owner (2024)When one is employed at a company that they do not own, they generally want the largest salary they can possibly get. But as a small business owner, the same is not necessarily true when you are an...