Had a call this morning with a general contractor. Twelve W-2 field guys, eighteen 1099 subs, $3.2M in revenue, four trucks and a skid steer to his name. He walked in thinking 2026 was going to look like every other tax year. By the end of the call we'd found five OBBBA changes hitting his business right now, and he hadn't heard about a single one of them. Here's what's shifting for construction clients this year. The 1099 threshold jumped from $600 to $2,000. He issued eighteen 1099s last year. This year he might issue six, which means lower compliance work but higher audit risk if the documentation isn't tight. The Qualified Overtime deduction runs 2025 through 2028. Crews pulling 50 to 60 hour weeks now get a federal deduction on the overtime portion, reported under the new W-2 Box 12 code TT. For his foremen alone, that's $3,000 to $6,000 each. Section 179 and bonus depreciation are still strong. The skid steer is fully deductible. The trucks are still in play. Most contractors don't realize bonus depreciation came back to favorable territory under the OBBBA framework. QBI deduction thresholds shifted too. Construction qualifies as a trade or business, not an SSTB, and a contractor with an unoptimized entity structure is leaving real money on the table. The Employer-Provided Childcare Credit jumped from $150,000 to $500,000. It's badly underused. Contractors with younger crews running stipend or on-site childcare programs are sitting on a credit they've never claimed. Construction is one of the most underserved high-revenue niches in accounting right now. High average revenue per client, recurring monthly bookkeeping through job costing, and a mix of 1099s, payroll, and multi-state sales tax that keeps the engagement sticky. These clients aren't looking for a generalist. They want someone who understands the trade. This week, pull every construction and trades client off your roster: GCs, plumbers, electricians, HVAC, roofers, landscapers, concrete. Send one email telling them five things changed in 2026 that affect their tax bill and offer to run the numbers. Price a mid-year planning session between $497 and $1,500 depending on size, and plan to do the same outreach again in October before year-end.

This is worth reading in full. Here's my breakdown of what actually matters for your practice. AI is already in your firm. The bulletin says it outright — document review platforms, research tools like Westlaw and Bloomberg Tax, it's already there. The only question is whether you're using it intentionally or not. You own everything that goes out under your name. §10.22 due diligence doesn't disappear because a machine drafted something. The bulletin cites a Deloitte Australia case where AI invented judge quotes and referenced reports that don't exist. Deloitte had to refund part of their fee. Review everything before it goes to a client or the IRS. The IRS called out hourly billing directly. Under §10.27, if AI cut your time on a matter and you billed as if it didn't, that's a problem. The bulletin is explicit: cost savings should be passed on or reflected honestly. If your pricing model is purely hours-based, this guidance gives you a concrete reason to make the shift to value pricing. Data protection is now a compliance issue, not just good practice. Civil and criminal penalties under §7216 apply if client data ends up in an unsecured system. Only use AI on enterprise plans that don't train on your inputs. This is non-negotiable. Get a written AI usage policy on file. §10.36 requires it, and the bulletin lays out exactly what to cover: staff training, data handling protocols, and vetting of any third-party tools. It's not a heavy lift, and not having one is the bigger risk. Read it here: IRS OPR Bulletin, June 24, 2026

Some of you have asked what I actually run my firm on. So here is my full stack: 🧾 Tax Prep - Drake Tax — Tax Prep - Intuit TaxAdvisor— Tax Planning 📊 Bookkeeping - QuickBooks Online — client books 🗂️ CRM / Workflow - Tax Dome — client portal, e-sign, document requests, automation 📣 Marketing & Sales - Go High Level (GHL) — funnels, SMS, email, pipeline - Stripe — billing + subscriptions 🎥 Content & AI - Perplexity Comet — research, drafting, automation - Notion — SOPs and team docs - Claude & ChatGPT - Miscellaneous tasks and research That's it. 👉 Your turn — drop your stack in the comments.What's the ONE tool you couldn't run your firm without? And what's the one you're about to fire? 👇

Most accountants treat July–September like a vacation. The firms that will dominate tax season 2027 are using these next 90 days to build. Here's what's actually shifting under our feet right now: - OBBBA created Schedule 1-A with 4 brand-new deductions - 1099-NEC/MISC threshold jumped from $600 → $2,000 - New W-2 codes TA / TP / TT roll out for Tips, Overtime & Trump accounts - 🛑 BOI is officially dead for US companies - 80% of individual return prep is being automated by early-adopter firms But first I want to hear from you 👇 Drop a number in the comments: 1️⃣ I've already started OBBBA client outreach 2️⃣ I know about OBBBA but haven't studied the ins and outs yet 3️⃣ What's OBBBA? 😅 No wrong answer — just want to know where to focus.

Everyone, help me welcome: @Connie Christian @Pandora Saunders @Oluwaseye Daramola @Margaret Omulindi @Jonathan Herbez @LaSharra Johnson Thanks for joining IAM Tax & Accounting University. You’re now part of a community focused on becoming better tax and bookkeeping professionals, not just consuming content, but actually implementing it. Take a minute to introduce yourself below: • Where are you from? • What do you do? • What’s one goal you’re working toward this year? Looking forward to networking and helping you grow.