If you own a C corporation, the way you put money into your business—and how you take it back out—can significantly affect your tax bill. Many business owners overlook this decision early on, only to face unnecessary taxes later. When shareholders fund a C corporation, the IRS treats…more
When a business valuation is needed, many construction business owners want a quick answer. That’s completely understandable. You are busy running projects, managing people, and keeping jobs profitable. But when it comes to valuing a construction company, quick answers and shortcut formulas can create a false sense of…more
With the April 15 tax filing deadline behind you, it’s tempting to shift your focus back to running your business and move taxes to the back burner. That’s understandable. But before you do, there are a few important after‑tax‑day items that can protect your business, reduce stress, and…more
Recent legislation has introduced a meaningful, though temporary, tax opportunity for businesses involved in manufacturing and production. The One Big Beautiful Bill Act, commonly referred to as OBBBA, created a special depreciation allowance for Qualified Production Property, or QPP, that may allow eligible businesses to accelerate tax deductions…more
Lean construction is about more than working faster. It is about working intentionally. Lean principles focus on reducing waste, improving workflow, and making better use of labor, materials, and equipment. For many construction businesses, the biggest benefit of lean thinking is that it does not require a complete…more
Tax changes rarely arrive all at once. Instead, they tend to layer over time, which is exactly what we are seeing as we move toward 2026. Several provisions from the One Big Beautiful Bill Act are already affecting 2025 tax returns that are currently being filed. At the…more
Unless you’re ready to deploy robots on your jobsites, artificial intelligence (AI) won’t be performing any actual construction work for you just yet. However, this burgeoning technology has plenty of other practical applications for contractors. Let’s explore four use cases for how AI may be able to…more
Many businesses offer health care and dependent care flexible spending accounts (FSAs) as part of their employee benefits package. These plans provide valuable tax savings to employees and payroll tax savings to employers. If your company operates a calendar-year FSA with a 2½-month grace period, employees have…more
Selling your construction business is likely one of the biggest financial moves you’ll ever make. And you’ll probably have only one opportunity to get it right. To maximize your return on investment, careful preparation is essential. Here are some best practices to help position your business for a…more