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Highlights

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Should You File for the Employee Retention Credit?

April 20, 2022
What the tax credit is, and five reasons why small businesses should think about applying.
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4 Things Plumbers Should Look For in a CPA

Nov. 8, 2021
It is important to find the CPA that is the best fit for you and your plumbing company.

Strategies to Mitigate Tax Increases

April 19, 2021
There are steps business owners can take today in anticipation of future tax increases.
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Lowering Upfront Costs of Geothermal

Nov. 24, 2020
In this article, we’ll discuss how contractors can make geothermal systems more feasible for building owners .
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Contractormag 10146 Life Insurance

Life insurance is still a way to deny the IRS

Dec. 12, 2017
My original goal for this article was to begin an analysis of the proposed overhaul of the Internal Revenue Code and how to beat the new tax monster at his own game. No luck. ...
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Contractormag 9993 Crash And Burn

Joe’s estate plan crashes and burns

Nov. 13, 2017
Although Joe was a planner, after he went to the big business in the sky, his estate plan and business succession plan (for Success Co.) turned into an economic and tax tragedy...

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eBook: Building Your Plumbing Business Brand

Nov. 10, 2023
The articles collected here will give you guidance on how to build your brand into something respected, depended on, and instantly recognized.
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Why so many family business owners fear succession planning

March 10, 2017
About one out of every three business owners who call me to do their estate plans own 51 percent of their business Why 51 percent? Hey, the fear of losing control My job is to...
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How to create tax-free wealth while beating up the IRS — legally

Feb. 10, 2017
For ease of understanding the overall plan is explained in four steps Create a Family Limited Partnership (FLIP) Create an Intentionally Defective Trust (IDT) The IDT buys a ...
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Contractormag 3609 Moneyinatrap

How business owners can avoid the life insurance tax trap

Jan. 11, 2017
Your family corporation should never own or be the beneficiary of life insurance on the life of a major stockholder If you have a so-called "paid-up policy" you are guaranteed...
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5 last minute 2016 year-end tax planning tips to reduce your tax bill

Dec. 28, 2016
Some of these tax benefits are expiring at the end of 2016 All of these were part of the “PATH Act of 2015” signed into law by President Obama on December 18, 2015 There’s not...