Construction & Skilled Trades

You Build the Future.
We’ll Build Your Financial Foundation.

Accounting and Tax Solutions for General Contractors, Electricians, Plumbers, and Painters.

The Challenge

Between managing crews and job sites, you need a CPA who understands job costing and heavy equipment depreciation, not just basic bookkeeping.

Common Issues

  • Poor Job Costing: Failing to track expenses per project, leading to inaccurate bids.
  • 1099 vs. W-2 Misclassification: Facing massive penalties for improperly classifying subcontractors.

OGCPA Solutions

  • Section 179 Expensing: Utilizing the $2.56M limit to write off machinery immediately.
  • Completed Contract Method: Deferring tax until a project is 100% finished to preserve cash flow.

Did You Know?

Deferred Income Secrets

Small contractors can use the "Completed Contract Method," meaning you don't pay taxes on a job's profit until the project is 100% done.

Fuel Tax Credits

If you use fuel for off-road equipment, you may be eligible for a federal refund on the excise taxes you paid at the pump.

The $2.56 Million Deduction

You can now write off up to $2,560,000 in equipment and machinery in a single year under Section 179.

Expanded FAQ

Is my van a business or personal vehicle?

If it’s wrapped in your logo and used primarily for jobs, it’s a business asset.

How do I handle "WIP" (Work in Progress)?

We help calculate under-billings and over-billings to accurately reflect profit for bonding and loans.

Are subcontractors really "Independent"?

The IRS is aggressive here; we help you use the "20-Factor Test" to ensure 1099 workers are properly classified.

Ready to Move Forward?

Build your business on solid ground.

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