Running a construction business is hard. Then, you add accounting to the mix of complications. This leads to long nights during tax season, confusion, and overwhelm.
Why?
The tax rules change every year, making it impossible to keep up. Imagine doing this all by yourself.
Focusing on these small details will keep you away from your core business activities and if done incorrectly, it might even trip an IRS notice.
That’s the bad news.
The good news is that you can hire a competent CPA to take care of all of this for you. They can potentially keep you out of jail.
In this episode, Catherine Tindall of Dominion Enterprise Services joins us to reveal how you can potentially get back a six-figure tax credit that very few know about. We also discuss strategies for choosing the best CPA for your construction business.
Listen now:
Show Highlights Include:
The “Employee retention credit” trick that gives you a potential 6 figure payday
How to choose a competent CPA to avoid being audited by the IRS
Two specific questions to ask your CPA for maximum tax credits and more money in your pockets
The little-known secrets to qualify for “special tax” statuses to maximize returns
How to spot “Tax waste” in your construction business before filing your taxes
The “Strategic tax planning” technique that accelerates personal wealth building
3 Biggest mistakes CPAs make when handling your tax returns (and how to spot them)
How to avoid kicking off “IRS notices” in your construction business that leads to a tax bill (21:15)
About this week’s guest:
Catherine Tindall is a CPA specializing in tax credits. After getting her start in advanced tax planning and compliance, Catherine saw a real
need to better serve the tax credit niche. With millions of dollars at stake, many businesses weren’t receiving what they were entitled
to because of inaction from their tax professionals and insufficient awareness about credits. And to make things worse, Catherine noticed that many of the specialty firms in the space were run by non-experts who were unethically overclaiming credits, overcharging clients, and generally doing poor work. Dominion Enterprise Services grew out of these problems in the marketplace. By combining proprietary technological applications with the professional expertise of licensed CPAs, Catherine and her team are able to offer a fast turnaround time on credit claims while maintaining a high degree of precision. It is her mission to help business owners in key industries affected by
COVID shutdowns (e.g., restaurants, construction, hospitality) to take advantage of the Employee Retention Credit before it begins to expire in the spring of 2023.
