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![[HERO] Should Your Construction Company Be an S-Corp in 2026? Here](https://cdn.marblism.com/iEgBdOXwpzK.webp)
![[HERO] Should Your Construction Company Be an S-Corp in 2026? Here](https://cdn.marblism.com/iEgBdOXwpzK.webp)
Should Your Construction Company Be an S-Corp in 2026? Here's the Truth About Payroll Setup and Tax Savings
Let's cut to the chase: if your construction company is pulling in $500K to $3M in revenue and you're still operating as a sole proprietor or a standard LLC, you're likely writing Uncle Sam a check for $15K to $50K more than you need to every single year. That's not a typo. That's just how the math works when you're getting hammered by self-employment taxes on every dollar of profit. The good news? There's a straightforward fix that general contractors, specialty subs, and ex
smithtaxesandmore
3 days ago6 min read
![[HERO] The $2.5M Equipment Write-Off: How Contractors Can Use Section 179 and Bonus Depreciation to Keep More Cash in 2026](https://cdn.marblism.com/dIU7qOPGqwJ.webp)
![[HERO] The $2.5M Equipment Write-Off: How Contractors Can Use Section 179 and Bonus Depreciation to Keep More Cash in 2026](https://cdn.marblism.com/dIU7qOPGqwJ.webp)
The $2.5M Equipment Write-Off: How Contractors Can Use Section 179 and Bonus Depreciation to Keep More Cash in 2026
Let's get straight to it: if you're running a profitable construction business: general contracting, HVAC, roofing, concrete, whatever: and you're not maximizing equipment write-offs in 2026, you're leaving serious money on the table. Thanks to the One Big Beautiful Bill Act (OBBBA), Section 179 just got a massive upgrade. We're talking about the ability to write off up to $2.56 million in equipment purchases in a single year. Combine that with the permanent 100% bonus depre
smithtaxesandmore
Feb 75 min read
![[HERO] Legacy Planning 2.0: Navigating the $30M Estate Tax Exemption Before the 2026 Sunset](https://cdn.marblism.com/9ITSJDTEl2R.webp)
![[HERO] Legacy Planning 2.0: Navigating the $30M Estate Tax Exemption Before the 2026 Sunset](https://cdn.marblism.com/9ITSJDTEl2R.webp)
Legacy Planning 2.0: Navigating the $30M Estate Tax Exemption Before the 2026 Sunset
If your family's net worth exceeds $10 million, the next 12 months represent the most significant wealth transfer opportunity in modern tax history. The One Big Beautiful Bill Act (OBBBA) didn't just increase the federal estate tax exemption, it fundamentally changed the game for multi-generational wealth planning. As of January 1, 2026, the lifetime estate and gift tax exemption stands at $15 million per individual and $30 million for married couples . While OBBBA technical
smithtaxesandmore
Jan 316 min read
![[HERO] QSBS & Permanent QBI: High-Stakes Business Strategies That Save Millions in 2026](https://cdn.marblism.com/7R9aGdKJ7tL.webp)
![[HERO] QSBS & Permanent QBI: High-Stakes Business Strategies That Save Millions in 2026](https://cdn.marblism.com/7R9aGdKJ7tL.webp)
QSBS & Permanent QBI: High-Stakes Business Strategies That Save Millions in 2026
If you're paying $50,000 or more in taxes annually, you're no longer playing the same game as the average taxpayer. You're operating in a different league: one where every strategic move can save (or cost) you hundreds of thousands of dollars. And in 2026, two provisions under the One Big Beautiful Bill Act are creating unprecedented opportunities for construction business owners, contractors, and high-net-worth earners: permanent Qualified Business Income (QBI) deductions a
smithtaxesandmore
Jan 305 min read
![[HERO] The $40,000 SALT Hack: How High-Income Taxpayers Can Maximize Deductions Under OBBBA](https://cdn.marblism.com/F62pQKRN9rN.webp)
![[HERO] The $40,000 SALT Hack: How High-Income Taxpayers Can Maximize Deductions Under OBBBA](https://cdn.marblism.com/F62pQKRN9rN.webp)
The $40,000 SALT Hack: How High-Income Taxpayers Can Maximize Deductions Under OBBBA
If you're paying $50,000 or more in taxes annually, the One Big Beautiful Bill Act (OBBBA) just handed you a significant opportunity. The State and Local Tax (SALT) deduction cap has jumped to $40,000: a massive increase from the previous $10,000 limit that's been frustrating high-income taxpayers for years. But here's the thing: simply knowing about this change isn't enough. High-net-worth individuals need strategic tax planning to actually capture this deduction before inco
smithtaxesandmore
Jan 245 min read
![[HERO] Beyond the Basics: Advanced 2026 Tax Planning for High-Net-Worth Earners](https://cdn.marblism.com/Lx7oU0IdvPG.webp)
![[HERO] Beyond the Basics: Advanced 2026 Tax Planning for High-Net-Worth Earners](https://cdn.marblism.com/Lx7oU0IdvPG.webp)
Beyond the Basics: Advanced 2026 Tax Planning for High-Net-Worth Earners
If you're paying $50,000 or more in taxes each year, you already know that basic tax preparation isn't enough. You need a strategy: a forward-thinking approach that minimizes your tax burden legally and positions your wealth for long-term growth. The One Big Beautiful Bill Act (OBBBA) , enacted in July 2025, has fundamentally changed the game for high-net-worth earners. And if you're still relying on last year's playbook, you're likely leaving significant money on the table.
smithtaxesandmore
Jan 204 min read

