Taxes

1099s – “What’s in a name?”

1099 - What's in a Name?

There’s been an increased scrutiny of 1099s by most tax and labor agencies (and insurance companies BTW) in recent years.  This is happening at federal and state levels.  A recurring theme is the agency will want to recharacterize time billed … Read more »

Is Construction “Production”? Yes!

Domestic Production Activities Tax Deduction

You’re a builder, so why would you get the Domestic Production Activities Tax Deduction? Because you produce something (it’s not just for manufacturers).  What is it? The deduction is 9% of net income from qualified “production” activities (not just traditional … Read more »