Spouse-run businesses face unique tax pitfalls. Learn how partnership treatment drives SE tax and compare three strategies—community property sole prop, S-corp conversion, or hire-spouse approach—to cut exposure while staying compliant.
Run a Business With Your Spouse? You May Encounter Unique Tax Issues Read More »
Use breakeven analysis to quantify pricing, equipment, and expansion decisions—classify costs, compute contribution margin and breakeven point, and track your safety margin to guide profitable action.
Evaluating Business Decisions Using Breakeven Analysis Read More »
Strengthen next year’s budget with five proven steps—optimize data, involve the whole organization, communicate attainable targets, monitor cash flow, and engage an objective advisor to improve forecasting and results.
5 Ways Your Business Can Build a Stronger Annual Budget Read More »
The One Big Beautiful Bill Act (OBBBA) reinstated the immediate deduction for U.S.-based R&E expenses effective for 2025.
New Rules Could Boost Your R&E Tax Savings in 2025 Read More »
Construction companies can improve liquidity with nine tactics—from 13-week forecasts and upfront billing to KPI tracking and financing strategy—plus advisor support to tighten AR, reporting, and banking.
9 Cash Flow Tips for Construction Businesses Read More »
It’s been about a month since the One, Big, Beautiful Bill Act (OBBBA) was signed into law. Now that the dust has settled, construction business owners and their leadership teams can begin to really pinpoint the provisions most pertinent to their operations. Here are six to study up on. 1. Accounting exemption For tax years beginning on or after July 4, 2025, contracts entered into for residential construction projects, per the amended definition under the OBBBA, generally qualify for an
6 Pertinent Provisions Of The OBBBA For Construction Companies Read More »
One of the most critical decisions entrepreneurs make when starting or restructuring a business is choosing the right entity type. This choice directly impacts how the business is taxed, the level of administrative complexity and regulatory compliance obligations. While legal liability considerations also matter, we will focus on tax implications. For liability advice, consult a legal professional. Whether launching a new venture or reassessing your current structure, understanding how each entity is taxed can help you make strategic and compliant decisions. Here’s a brief overview of five
A Tax Guide to Choosing the Right Business Entity Read More »
For many businesses, accounts receivable (AR) is one of the largest assets on the balance sheet. It represents the cash you’ve earned but haven’t yet collected. Efficient AR management is critical for maintaining healthy cash flow, reducing bad debt and fueling growth. But a key question often goes unasked: How do your company’s receivables compare to others in your industry? This is where benchmarking comes in. Why benchmarking matters Benchmarking is the process of comparing your company’s financial and operational metrics against those of peers in your industry. For receivables,
Receivables Rx: Key Metrics To Assess The Health Of Your Cash Flow Read More »
If you own an unincorporated small business, you may be frustrated with high self-employment (SE) tax bills. One way to lower your SE tax liability is to convert your business to an S corporation. SE tax basics Sole proprietorship income, as well as partnership income that flows through to partners (except certain limited partners), is subject to SE tax. These rules also apply to single-member LLCs that are treated as sole proprietorships for federal tax purposes and multi-member LLCs that are treated as partnerships for federal tax purposes. In 2025, the maximum
Lower Your Self-Employment Tax Bill by Switching to an S Corporation Read More »
The One Big Beautiful Bill Act (OBBBA) shifts the landscape for federal income tax deductions for state and local taxes (SALT), albeit temporarily. If you have high SALT expenses, the changes could significantly reduce your federal income tax liability. But it requires careful planning to maximize the benefits — and avoid potential traps that could increase your effective tax rate. A little background Less than a decade ago, eligible SALT expenses were generally 100% deductible on federal income tax returns if an individual itemized deductions.
How Will the Changes to the SALT Deduction Affect Your Tax Planning? Read More »
