For residential and light commercial contractors
Fifteen questions about your business. Four minutes.
No tax knowledge needed. Every question is about something you already know. Anything you answer no to is a gap, and you will see roughly what each one is worth before you finish.
Nothing is sent anywhere. No email required to see your result.
The Big Three
These three move more money than the other twelve put together.
Has anyone looked at the salary you pay yourself in the last two years?
Does anyone tell you your taxable income before December, while you can still move it?
Do you have a retirement plan running through the business?
The Accountable Plan Stack
Four reimbursements that are ordinary business expenses when documented, and taxable wages when they are not. The first one unlocks the other three.
Does your company have a written accountable plan it actually adopted?
Are your health insurance premiums running through your W-2 the right way?
Do you reimburse yourself for the office at home, through the plan?
Do you reimburse yourself for mileage in your personal truck at the IRS rate?
Family and Lifestyle
Money already leaving your household, moved through the business where the code allows it.
Is your spouse on payroll for work they actually do?
Are your kids aged 7 or over on payroll at real wages for real work?
Have you ever rented your own home to the business for a meeting?
Is somebody sorting your meals into 50 percent, 100 percent, and not deductible?
Advanced Plays
These need a real balance sheet behind them. Most contractors qualify for at least one.
Did you prepay anything in December that covered this year?
If you own the shop or the yard, is it in a separate LLC that leases to the business?
Do you keep anything mainly for the crew? A gym, a lake place, somewhere they use?
Has anyone audited your utility bills, workers comp class codes, or equipment leases?
You do not have to finish all fifteen. Answer what you know and skip the rest.