Ian Atkinson-Baker, #1 Amazon Best Selling AuthorFlorida 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.
Ian Atkinson-Baker, #1 Amazon Best Selling AuthorChoosing the proper accounting method is a big decision when starting your Florida construction or contracting business. Your choice will shape how you track income and expenses, interpret your profits, and even file taxes. In this post, we'll walk through: - What are cash and accrual accounting are - The benefits of each method - When it makes sense to use one over the other - A simple example comparing both methods in action
Ian Atkinson-Baker, #1 Amazon Best Selling AuthorAs a Florida construction or trades business owner, we know that one or more of your team members may have to stay late on a job site or take care of a customer emergency. Providing meals for these dedicated employees isn't just a nice gesture—it's also an excellent opportunity to enjoy a valuable tax benefit.
Ian Atkinson-Baker, #1 Amazon Best Selling AuthorIf you're running a construction or contractor business in Florida - whether based in Orlando, Tampa, Miami, Jacksonville, or anywhere else - you may have heard of the newly passed One Big Beautiful Bill Act (OBBBA). While most headlines have focused on tax cuts and family credits, a provision directly affects your workforce: a new tax deduction for overtime pay.