Maximizing Tax Savings: How Section 179 Benefits Construction Businesses

What Is Section 179? Overview of Section 179 in the IRS Tax Code Section 179 of the IRS tax code is a powerful tool that allows businesses to deduct the full purchase price of qualifying equipment or software purchased or financed during the tax year. Rather than spreading the cost of investment over several years […]

How to Track Subcontractors in QuickBooks Online: A Complete Guide for Construction Businesses

In the construction industry, managing subcontractors efficiently is critical to staying on budget, maintaining compliance, and ensuring accurate job costing. With multiple vendors, varying payment schedules, and specific tax requirements, it’s essential to track subcontractor activity carefully. QuickBooks Online (QBO) offers a powerful platform tailored to streamline construction accounting—from 1099 reporting to project tracking and […]