Resources
Contractor tax strategy articles and business owner planning guidance.
Practical, plain-English resources for contractors and established owners who want better decisions before tax season.
How Should Contractors Account for Change Orders in Tax Planning?
A change order can add revenue to a job without adding cash to the bank right away. Materials may need to be purchased, crews may work extra hours, and payment may arrive well after the added work begins. If a contractor updates the contract price but doesn’t update the job’s costs and projected profit, tax planning can start with the wrong numbers.
Grant Thornton's Planned CBIZ Acquisition: Questions Kansas City Business Owners Should Ask
What the announced transaction means for an engagement review, which questions to ask your current firm, and how to decide whether staying or exploring a change fits your business.
How Often Should a Contractor Meet With Their CPA?
Ask a room full of contractors when they last talked to their CPA and most of them will name a date in the spring. The return got filed, a bill got paid, and everyone went quiet until next year.
When Should a Business Owner Switch From a Tax Preparer to a Tax Advisor?
The signs a growing business may need tax advisory support, what to ask a prospective advisor, and how to plan a change around current responsibilities.
What should construction owners review before year-end?
Year-end tax planning for contractors: equipment purchases, payroll, owner compensation, estimates, cash reserves, and 1099 readiness.
Should My Construction Business Be an S Corp?
S Corp tax planning for contractors, including reasonable compensation, payroll requirements, admin cost, profit, and when an S Corp election may or may not help.
Should Contractors Buy Equipment Before Year-End for Section 179?
How construction companies should review equipment purchases, Section 179, bonus depreciation, financing, placed-in-service timing, and cash flow before year-end.
What's the Difference Between Tax Prep and Tax Strategy?
Tax prep reports what happened. Tax strategy helps contractors and established business owners make better decisions before tax season and year-end deadlines.
1099 Contractor or Employee? What Construction Businesses Should Review
Worker classification guidance for contractors reviewing 1099 subcontractors, employees, W-9s, payroll tax risk, insurance, and year-end documentation.
How Much Should Contractors Set Aside for Taxes?
How contractors should think about tax reserves, quarterly estimates, profit, owner pay, payroll, cash flow, and why a generic tax savings percentage can miss the mark.
What Tax Deductions Do Contractors Commonly Miss?
Common contractor tax deductions to review, including vehicles, mileage, tools, materials, insurance, licenses, software, subcontractors, and job-cost documentation.
Do Kansas City Contractors Need Missouri and Kansas Tax Planning?
Kansas City contractor tax planning for businesses working across Missouri and Kansas, including payroll, project location, subcontractors, state obligations, and year-end review.
How Much Should a Construction Company Pay Its Owner?
Owner compensation planning for construction companies, including salary, draws, distributions, S Corp reasonable compensation, payroll, cash flow, and tax estimates.
What Is the Best Entity Structure for a Construction Business?
How contractors should think about LLCs, S Corps, payroll, liability conversations, owner compensation, admin cost, and tax planning before choosing an entity structure.
What Construction Bookkeeping Mistakes Create Tax Problems?
Construction bookkeeping mistakes that lead to tax surprises, including mixed expenses, weak job costing, missing W-9s, equipment tracking gaps, and unreconciled books.
Should Contractors Lease or Buy Equipment for Tax Purposes?
How contractors should compare leasing and buying equipment, including deductions, financing, cash flow, business use, ownership, depreciation, and year-end planning.
What Should Contractors Review Each Quarter for Taxes?
Quarterly tax planning for contractors, including profit, estimates, owner pay, payroll, subcontractors, equipment, cash reserves, and job timing.
How Can Contractors Avoid Surprise Tax Bills?
Why contractors get surprised by tax bills and how planning around profit, estimates, cash reserves, owner pay, equipment, and bookkeeping can reduce surprises.