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Highlights

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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
Contractormag 10146 Life Insurance
Contractormag 10146 Life Insurance
Contractormag 10146 Life Insurance
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
Contractormag 9993 Crash And Burn
Contractormag 9993 Crash And Burn
Contractormag 9993 Crash And Burn
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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Contractormag 9836 Cemetary
Contractormag 9836 Cemetary
Contractormag 9836 Cemetary
Contractormag 9836 Cemetary
Contractormag 9836 Cemetary

You need a life plan, not a death plan

Oct. 17, 2017
There is an army of real-life lawyers who don’t ever seem to get things done. I’ll bet the farm that most contractors reading this column — who have done estate planning — can...

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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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Contractormag 3684 Punch
Contractormag 3684 Punch
Contractormag 3684 Punch
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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
Contractormag 3609 Moneyinatrap
Contractormag 3609 Moneyinatrap
Contractormag 3609 Moneyinatrap
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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Contractormag 3582 Thinkstockphotos 617370530
Contractormag 3582 Thinkstockphotos 617370530
Contractormag 3582 Thinkstockphotos 617370530
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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...
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Contractormag 3558 Irs
Contractormag 3558 Irs
Contractormag 3558 Irs
Contractormag 3558 Irs
Contractormag 3558 Irs

How to keep retirement plan dollars away from IRS

Dec. 9, 2016
The money going into the plan is immediately 100 percent tax deductible and your earnings are tax deferred until you take the money out You can get nailed for State estate tax...