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How To Avoid Overpaying Your Construction Business Tax

Posted by Sharie DeHart on Fri, Dec 18, 2020

Contractors want to maintain control without making any changes. "Keep doing the same thing but expecting a different result." 

Throwing the receipts in a shoebox (behind or under the seat in the truck) is the favorite way to deal with paperwork. This is "Under Managing" and frustrates everyone around them who is playing "Where's Waldo?" Job costing is nonexistent; bills are usually paid late, customers are unbilled, lost, and forgotten.

On the other hand, micromanaging every detail is an over-reaction from years of doing as little bookkeeping as possible to prepare the tax return. Knowing what to do, however, will stop you from making a big mess of it.

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Topics: How To Lower Your Tax Bill, Construction Profits, Construction Accounting, Reduce Taxes, Contractor, Contractor Tips, Contractor Operating Tips

Reduce Construction Company Taxes With Year End Equipment Purchases

Posted by Sharie DeHart on Fri, Nov 30, 2012

Buying One More Thing In Before December 31st

Have you checked your QuickBooks Profit and Loss report lately? Sometimes having a few additional business expenses may make the difference in what your tax bracket your net income falls into on your personal return.

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Topics: Section 179, Reduce Taxes

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