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
If you used one or more vehicles in your business during 2025, there may be meaningful opportunities to claim deductions on your 2025 income tax return. The rules can get complex; factors like the vehicle’s weight and how you split business vs. personal use can directly influence what…more
Year-round tax planning generally produces the best results, but there are some steps you can still take in December to lower your 2025 taxes. Here are six to consider: 1. Postpone invoicing. If your business uses the cash method of accounting and it would benefit from deferring income…more
The One Big Beautiful Bill Act (OBBBA) shifts the landscape for year-end tax planning. The law has significant implications for some of the most tried-and-true tax-reduction measures. It also creates new opportunities for businesses to reduce their 2025 tax liability before December 31. Here are potentially some of the…more
Now is the time of year when taxpayers search for last-minute moves to reduce their federal income tax liability. Adding to the complexity this year is the One Big Beautiful Bill Act (OBBBA), which significantly changes various tax laws. Here are some of the measures you can take…more
The One Big Beautiful Bill Act (OBBBA) introduced significant updates for businesses and payroll management companies. These changes—particularly around information return and payroll tax reporting—will take effect in 2026, but proactive employers should begin preparing in 2025. At CD Bradshaw & Associates, P.C., we believe in helping clients…more
Before the One Big Beautiful Bill Act (OBBBA), tip income and overtime income were fully taxable for federal income tax purposes. The new law changes that. The One Big Beautiful Bill Act (OBBBA) is shaking up how certain types of income are taxed. From 2025 through 2028, small…more