For many construction company owners, the business represents years, sometimes decades, of work. It may also represent a significant portion of the owner's personal wealth. That makes succession planning more than a question of who will run the company next. It can involve leadership, ownership, taxes, personal...

A delayed SECURE 2.0 Tax Act provision gives certain workers and retirees a helpful way to use retirement savings: some defined contribution plans can allow distributions to be used to pay qualified long-term care insurance premiums without triggering the usual 10% early-withdrawal penalty. The rule...

The final quarter of the year has a way of arriving faster than expected. For business owners, now is the ideal time to look at your QuickBooks file before year-end deadlines, holiday schedules, tax planning, and 1099 preparation begin competing for your attention. Waiting until December—or...

For years, the answer seemed straightforward. Interest rates were historically low, stock markets generally rewarded long-term investors, and many financial experts encouraged people to invest extra money rather than aggressively paying down low-interest debt. That advice made sense when mortgages carried interest rates near 3% and savings...

Most people think of life insurance as simple protection for their family. And it is. But life insurance can also create surprising tax issues when the policy builds cash value, is borrowed against, is surrendered, is sold, or pays out early because the insured is...

The best time to prepare for a financing conversation is usually before financing becomes urgent. Construction companies may seek financing for equipment, working capital, expansion or other business needs. When that happens, lenders often want to understand more than how much revenue the company generates. They want...

Growth is usually viewed as a positive sign for a construction company. More projects, a growing backlog and expansion into new markets can all point to a business moving in the right direction. But growth can also put pressure on a company's financial systems. A contractor can...

Winning a project in a new state can be an important growth opportunity for a construction company. It can also introduce financial and tax questions that may not arise when a contractor operates in only one state. A company's obligations don't necessarily stop with the requirements of...

If you use QuickBooks Online to manage your business finances, you may notice some changes this season. Throughout August and into Early Fall 2026, Intuit QuickBooks will release new automation and artificial intelligence capabilities designed to reduce routine bookkeeping work, provide faster financial insights, and help...

Why the smartest capital decisions start with a tax planning conversation “Buy it before year-end so you can write it off.” That advice gets repeated so often in business circles that it starts to sound like strategy. In reality, it is only a fragment of the story. A...