Convert a Personal Vehicle to Business Use and Deduct Up to 100%
If you run a Florida construction or specialty contractor company ($1M–$5M in revenue), the One Big Beautiful Bill Act (OBBBA) creates a powerful, cash-flow-friendly deduction in 2025.
If you run a Florida construction or specialty contractor company ($1M–$5M in revenue), the One Big Beautiful Bill Act (OBBBA) creates a powerful, cash-flow-friendly deduction in 2025.
Here is some good news if you run a construction or contractor company in Florida doing $1M to $5M in annual revenue: If you plan to buy equipment, vehicles, computers, or tools, the One Big Beautiful Bill Act (OBBBA) restored 100% bonus depreciation for most business property.
Florida construction businesses face unique accounting challenges -particularly when managing taxes and cash flow. One of the most critical decisions construction firms must navigate is using cash or accrual accounting methods. Each approach has distinct benefits and implications, especially at tax time.
As the end of the year approaches, one thing that may be creeping in the back of the minds of HVAC business owners are the often-dreaded 1099s.