As the holidays roll in, many contractors start to feel the pressure build. Projects slow down, payments get delayed, and payroll still expects to go out on time. It’s a tough stretch in construction, no matter how well the year started. This time of year can bring a lot of stress, especially around money. That’s where a fractional CFO can really help. Having someone who keeps a close eye on your finances means less guessing and more clarity. When we understand where the mone

When we talk with real estate investors near the end of the year, cost segregation often comes up. It’s a strategy that allows property owners to break apart the value of their building into smaller pieces. That way, instead of waiting decades to get tax benefits, investors might be able to move some of that value into faster deduction categories. It might sound technical, but it’s a simple idea at heart. Certain parts of a building wear out faster than the structure itself.

The final stretch of the year always seems to come fast, especially in construction. Between pushing to finish jobs, collecting payments, and keeping crews paid, tax planning and preparation can fall to the bottom of the to-do list. But once the holidays hit, there’s usually no catching up. Missing important steps can leave you with fewer deductions and more stress come January. That’s why looking at a few of the most common year-end tax mistakes makes sense, before you’re ca

President Trump kicked off his second term with a series of executive orders, including a hiring freeze. The hiring freeze prohibits the IRS from making new hires for 90 days, and has implications for individuals, businesses, and tax professionals alike. Let’s break down how this freeze impacts key areas of taxpayer interaction: customer service, refunds, and audits. 1. Slower Customer Service The hiring freeze should not affect the use of seasonal employees for the tax filin

Every year, the Taxpayer Advocate Service (TAS) releases its Annual Report to Congress, shining a spotlight on the most pressing issues taxpayers face. The 2024 report highlights systemic challenges that create unnecessary burdens for taxpayers and strain the IRS’s ability to fulfill its mission. Here’s a summary of the ten most serious problems taxpayers encountered in 2024 and their implications for the tax system. 1. Employee Retention Credit (ERC) Delays The Employee Rete

As a business owner, staying compliant with tax laws is crucial to avoid costly penalties. One area where compliance often slips through...