Construction Tax
4 articles
Tax Planning
Contractor Equipment Depreciation: How to Deduct $500K in the Year You Buy It
Contractors who understand Section 179 and bonus depreciation can write off hundreds of thousands in equipment the year they buy it. Here's exactly how it works and what qualifies.
Tax Planning
23 Tax Deductions Every Contractor Should Be Claiming (But Most Miss)
From vehicles and tools to home office and health insurance, most contractors miss dozens of legitimate deductions every year. Here's a complete list with what qualifies and how to document it.
Tax Planning
The Contractor's Year-Round Compliance Calendar: What Is Due, and What Only Works If You Do It Early
Filing deadlines are the easy half. The dates that actually decide a contractor's tax bill and cash position are the ones with no deadline attached at all.
Bookkeeping
Accounting Methods for Contractors: Percentage of Completion, Completed Contract, and Why It Decides Your Tax Bill
Cash or accrual is the wrong question for a contractor. On long-term contracts the method that matters is how you recognise revenue on jobs that cross a year end, and it moves when you pay tax.