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Building a Better Blog


Why Construction Businesses Should Do Tax Planning in Crystal Lake
Tax season can hit hard for construction businesses, not because of one big thing, but because of many small ones piling up at once. If you’ve ever tried organizing receipts, payments, and contractor records after a long season of job site work, you know how quickly things can get messy. That’s why tax planning in Crystal Lake matters more than many think. With construction work often stretching across calendar years, planning ahead keeps surprises away and lets us take advan
Nov 184 min read


Understanding Construction Tax Services in McHenry Before Year End
As December draws near, plenty of contractors around McHenry are looking at the books and thinking ahead to tax season. Making sense of what happened financially during the year takes time, and year-end tasks can pile up fast if they’re left until January. That’s where making a few changes now can really help. If you’re searching for tax services in McHenry, it helps to first think about what’s specific to your line of work. Construction doesn’t fit neatly into calendar month
Nov 185 min read


What Makes a Good Construction Accountant for Q4 Planning
Planning out the last few months of the year can be stressful for construction contractors. Jobs might slow down, deadlines start stacking up, and it feels like there’s not enough time to handle it all. That’s where having a good construction accountant really makes a difference. We help keep things steady when everything else is shifting. Q4 isn’t just about finishing jobs and sending invoices. It’s a time to check your numbers, clean up the books, and make smart calls befor
Nov 115 min read


How to Handle Tax Preparation for a Contractor This Winter
Winter can feel like a tough time to stay on top of finances, especially if you work in construction. With cold weather slowing some jobs down and end-of-year tax tasks piling up, it’s easy to let things slide. But getting ahead on tax preparation for a contractor doesn’t have to be complicated. Whether you’re running a team or working solo, a little planning right now can help avoid bigger headaches come January. Here are some simple steps that fit the way contractors work d
Nov 116 min read


How Fractional CFOs Help Tackle Holiday Season Cash Flow Stress
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
Nov 44 min read


Understanding Cost Segregation for Investors Closing Out the Year
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.
Nov 45 min read


Why Managed Accounting Makes Year End Organization Simple
The last months of the year usually come with a crunch. Crews are working hard to finish jobs before the weather shifts, and payments need to be settled before holiday closures hit. In the middle of it all, receipts get lost, invoices pile up, and paperwork can start to feel out of control. The end of the year is never simple in construction, but it shouldn’t mean chaos either. That’s where managed accounting becomes part of the solution instead of another chore. Keeping your
Oct 284 min read


Tax Planning and Preparation Mistakes to Avoid Before the Holidays
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
Oct 285 min read


How the IRS Hiring Freeze Impacts Taxpayers in 2025
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
Jan 232 min read


The Top 10 Challenges Taxpayers Faced in 2024: Insights from the Taxpayer Advocate Service Report
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
Jan 153 min read


The Importance of Filing 1099-NECs for Non-Employee Contractors
As a business owner, staying compliant with tax laws is crucial to avoid costly penalties. One area where compliance often slips through...
Jan 92 min read


A ChatGPT Driven Interview With Founder Cody Daniels
At Builders Tax Group, we’re more than just a tax and accounting firm - we’re your dedicated partners in financial success. As you explore our services, I’d like to take a moment to personally welcome you and share my story. Because writing about myself felt a little awkward and forced, I decided to conduct an interview with myself using ChatGPT. Here’s how it went. ChatGPT: Q: Can you tell us a little about yourself and your background in the tax and accounting industry? Cod
Jul 16, 20243 min read

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