At Capital Tax we understand that contractors and small businesses in the contracting industry face unique financial challenges. That's why we offer specialized tax planning and preparation services tailored to meet the specific needs of your contracting business. From selecting the right business structure to meticulous accounting and bookkeeping and strategic tax planning, we are committed to optimizing your financial outcomes. We provide the following services:
Evaluate and assist in selecting the optimal business structure for your contracting business.
Ongoing support for compliance and regulatory requirements tailored to the contracting industry.
Record and reconcile your accounting monthly
Review profit and loss and balance sheet with you monthly to ensure you are intimately in touch with your contracting business
Identify opportunities for deductions and specific tax credits for contractors to minimize tax liability.
Provide proactive advice for the individual tax return of the owners as there are significant tax planning opportunities that are overlooked
Industry Expertise: Our team comprises experts with in-depth knowledge of the contracting industry, ensuring that you receive specialized guidance tailored to your unique needs.
Personalized Approach: We understand that each contracting business is distinct. Our services are customized to contract companies’ specific requirements, ensuring efficient operations and effective planning.
Proactive Financial Management: Beyond compliance, we proactively work with you to enhance your financial well-being through strategic planning and execution, helping you stay ahead in the competitive contracting industry
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We’re here to help you!
Monthly accounting/bookkeeping is the eyes and ears of your contracting business. Accounting keeps you focused on your revenue, profitability, overhead costs, and pricing to increase the value you derive from your contracting business.
Methodic and consistent tax planning for contractors redirects money from paying taxes to increasing your wealth. It involves strategizing to minimize tax liabilities, maximize deductions, and ensure compliance with tax regulations. By proactively managing your taxes, you can enhance profitability and financial stability for your contracting business.
Contractors often face unique challenges, such as fluctuating income, project-based revenue, and specific industry regulations. Our tax planning services are tailored to address these specific challenges, ensuring that your business takes advantage of available opportunities, including tax credits specifically for contractors, and remains compliant with industry-specific tax laws.
Our contractor package handles all tax planning and compliance needs, including tax prep, monthly accounting, payroll guidance, and sales/property tax support. We also help you choose the right structure, maintain accurate books, and plan strategically to improve financial results—so your contracting business can run smoothly and grow with confidence.
Tax planning should be done throughout the year as transactions occur. Most small businesses begin formal tax planning between Q3 and Q4, especially near the end of the fiscal year. At Capital Tax, we do not charge any additional fees for any plans throughout the year.
Our accountants go beyond compliance to help you maximize revenue and net income through proactive, industry-specific financial guidance. With expertise in the contracting sector and a personalized approach, we tailor our services to your business goals. Partner with us to build a stronger, more profitable contracting company.
