--- title: Chaliff CPA Blog | Contractors description: Contractors | At Chaliff we pride ourselves on delivering the best accounting services in the Midsouth. Our team is more than accountants – we’re entrepreneurs. --- ###### ![phone](https://blog.chaliffcpa.com/hubfs/phone.svg)  901.753.4000 ![email](https://blog.chaliffcpa.com/hubfs/email.svg)   [Email Us](https://chaliffcpa.com/#homeRequestAConsultation) [Client Portal](https://chaliffcpa.cchifirm.us/clientportal/) [Request Consultation](https://chaliffcpa.com/#homeRequestAConsultation) [![chaliff logo](https://blog.chaliffcpa.com/hubfs/chaliff-logo.png)](https://chaliffcpa.com/) ![menu-chaliff](https://blog.chaliffcpa.com/hubfs/Website%20Assets/menu-chaliff.png) ![close_chaliff](https://blog.chaliffcpa.com/hs-fs/hubfs/close_chaliff.png?width=72&height=48&name=close_chaliff.png) - [Services](https://chaliffcpa.com/#homeServices) - [Testimonials](https://chaliffcpa.com/#homeTestimonials) - [About](https://chaliffcpa.com/#homeAbout) - [Blog](https://blog.chaliffcpa.com) - [Services](https://chaliffcpa.com/#homeServices) - [Testimonials](https://chaliffcpa.com/#homeTestimonials) - [About](https://chaliffcpa.com/#homeAbout) - [Blog](https://blog.chaliffcpa.com) Topic # Contractors contractors - [All Posts](https://blog.chaliffcpa.com) - [Small Business](https://blog.chaliffcpa.com/tag/small-business) - [Accounting](https://blog.chaliffcpa.com/tag/accounting) - [Financial Planning](https://blog.chaliffcpa.com/tag/financial-planning) - [Taxes](https://blog.chaliffcpa.com/tag/taxes) - [Tax Advisor](https://blog.chaliffcpa.com/tag/tax-advisor) - [Dentists](https://blog.chaliffcpa.com/tag/dentists) - [Dental Practice](https://blog.chaliffcpa.com/tag/dental-practice) - [Contractors](https://blog.chaliffcpa.com/tag/contractors) - [Construction](https://blog.chaliffcpa.com/tag/construction) - [Bookkeeping](https://blog.chaliffcpa.com/tag/bookkeeping) - [Hiring a CPA](https://blog.chaliffcpa.com/tag/hiring-a-cpa) - [Internal Revenue Service](https://blog.chaliffcpa.com/tag/internal-revenue-service) - [Payroll](https://blog.chaliffcpa.com/tag/payroll) - [Tax Deductions](https://blog.chaliffcpa.com/tag/tax-deductions) - [Accounting Tools & Software](https://blog.chaliffcpa.com/tag/accounting-tools-software) - [Budgeting](https://blog.chaliffcpa.com/tag/budgeting) - [Electrician](https://blog.chaliffcpa.com/tag/electrician) - [Sales Tax](https://blog.chaliffcpa.com/tag/sales-tax) - [Plumbers](https://blog.chaliffcpa.com/tag/plumbers) - [Property Tax](https://blog.chaliffcpa.com/tag/property-tax) Search ###### Topics - [Small Business](https://blog.chaliffcpa.com/tag/small-business) - [Accounting](https://blog.chaliffcpa.com/tag/accounting) - [Financial Planning](https://blog.chaliffcpa.com/tag/financial-planning) - [Taxes](https://blog.chaliffcpa.com/tag/taxes) - [Tax Advisor](https://blog.chaliffcpa.com/tag/tax-advisor) - [Dentists](https://blog.chaliffcpa.com/tag/dentists) - [Dental Practice](https://blog.chaliffcpa.com/tag/dental-practice) - [Contractors](https://blog.chaliffcpa.com/tag/contractors) - [Construction](https://blog.chaliffcpa.com/tag/construction) - [Bookkeeping](https://blog.chaliffcpa.com/tag/bookkeeping) - [Hiring a CPA](https://blog.chaliffcpa.com/tag/hiring-a-cpa) - [Internal Revenue Service](https://blog.chaliffcpa.com/tag/internal-revenue-service) - [Payroll](https://blog.chaliffcpa.com/tag/payroll) - [Tax Deductions](https://blog.chaliffcpa.com/tag/tax-deductions) - [Accounting Tools & Software](https://blog.chaliffcpa.com/tag/accounting-tools-software) - [Budgeting](https://blog.chaliffcpa.com/tag/budgeting) - [Electrician](https://blog.chaliffcpa.com/tag/electrician) - [Sales Tax](https://blog.chaliffcpa.com/tag/sales-tax) - [Plumbers](https://blog.chaliffcpa.com/tag/plumbers) - [Property Tax](https://blog.chaliffcpa.com/tag/property-tax) ###### Popular Posts - [Dental Practice Accounting 101: Don't Ignore the Balance Sheet](https://blog.chaliffcpa.com/dental-practice-accounting-balance-sheet) - [3 Financial Statements Every Electrical Contractor Should Know](https://blog.chaliffcpa.com/3-financial-statements-every-electrical-contractor-should-know) - [25 Tax Deductions for Tradesmen and Contractors That Can Save You Money All Year Long](https://blog.chaliffcpa.com/25-tax-deductions-for-tradesmen-and-contractors) - [These are the 5 Top Software Options To Streamline Your Dental Accounting](https://blog.chaliffcpa.com/top-5-dental-software-options) - [How Are Employee Bonuses Taxed?](https://blog.chaliffcpa.com/how-are-employee-bonuses-taxed) [![How to Reconcile Your Profit & Loss for Construction Accounting](https://blog.chaliffcpa.com/hs-fs/hubfs/Chaliff%20+%20Associates%20Blog%20Photos-Nov-08-2023-03-47-57-9050-PM.png?width=400&upsize=true&name=Chaliff%20+%20Associates%20Blog%20Photos-Nov-08-2023-03-47-57-9050-PM.png)](https://blog.chaliffcpa.com/how-to-reconcile-your-profit-loss) [Accounting](https://blog.chaliffcpa.com/tag/accounting), [Small Business](https://blog.chaliffcpa.com/tag/small-business), [Financial Planning](https://blog.chaliffcpa.com/tag/financial-planning), [Construction](https://blog.chaliffcpa.com/tag/construction), [Contractors](https://blog.chaliffcpa.com/tag/contractors) ##### [How to Reconcile Your Profit & Loss for Construction Accounting](https://blog.chaliffcpa.com/how-to-reconcile-your-profit-loss) 18 September 2023 Contractors know they must manage finances efficiently, or their business won't have much chance of succeeding. One of the most critical financial... 5 minute read [Read More](https://blog.chaliffcpa.com/how-to-reconcile-your-profit-loss) [![Construction Contractors Ask: Do I Need an Accountant If I Have QuickBooks?](https://blog.chaliffcpa.com/hs-fs/hubfs/Chaliff%20+%20Associates%20Blog%20Photos-Nov-08-2023-03-06-05-9530-PM.png?width=400&upsize=true&name=Chaliff%20+%20Associates%20Blog%20Photos-Nov-08-2023-03-06-05-9530-PM.png)](https://blog.chaliffcpa.com/do-i-need-an-accountant-if-i-have-quickbooks) [Construction](https://blog.chaliffcpa.com/tag/construction), [Contractors](https://blog.chaliffcpa.com/tag/contractors), [Hiring a CPA](https://blog.chaliffcpa.com/tag/hiring-a-cpa), [Accounting Tools & Software](https://blog.chaliffcpa.com/tag/accounting-tools-software) ##### [Construction Contractors Ask: Do I Need an Accountant If I Have QuickBooks?](https://blog.chaliffcpa.com/do-i-need-an-accountant-if-i-have-quickbooks) 4 September 2023 You may be starting your own business or have been a contractor for years. Either way, you’ll need to manage your finances well to achieve and... 4 minute read [Read More](https://blog.chaliffcpa.com/do-i-need-an-accountant-if-i-have-quickbooks) [![Retirement Planning for Contractors: 12 Things to Start Doing Today](https://blog.chaliffcpa.com/hs-fs/hubfs/Chaliff%20+%20Associates%20Blog%20Photos-Sep-06-2023-05-24-54-9756-PM.png?width=400&upsize=true&name=Chaliff%20+%20Associates%20Blog%20Photos-Sep-06-2023-05-24-54-9756-PM.png)](https://blog.chaliffcpa.com/retirement-planning-for-contractors-12-things-to-start-doing-today) [Financial Planning](https://blog.chaliffcpa.com/tag/financial-planning), [Tax Advisor](https://blog.chaliffcpa.com/tag/tax-advisor), [Contractors](https://blog.chaliffcpa.com/tag/contractors) ##### [Retirement Planning for Contractors: 12 Things to Start Doing Today](https://blog.chaliffcpa.com/retirement-planning-for-contractors-12-things-to-start-doing-today) 21 August 2023 Are you a hardworking contractor in Tennessee? You've built your career on skill, determination, and a solid work ethic.  While you probably enjoy... 4 minute read [Read More](https://blog.chaliffcpa.com/retirement-planning-for-contractors-12-things-to-start-doing-today) [![What Contractors Need to Know About Navigating IRS Audits](https://blog.chaliffcpa.com/hs-fs/hubfs/Chaliff%20+%20Associates%20Blog%20Photos-Sep-06-2023-02-26-49-6790-PM.png?width=400&upsize=true&name=Chaliff%20+%20Associates%20Blog%20Photos-Sep-06-2023-02-26-49-6790-PM.png)](https://blog.chaliffcpa.com/what-contractors-need-to-know-about-navigating-irs-audits) [Financial Planning](https://blog.chaliffcpa.com/tag/financial-planning), [Internal Revenue Service](https://blog.chaliffcpa.com/tag/internal-revenue-service), [Contractors](https://blog.chaliffcpa.com/tag/contractors) ##### [What Contractors Need to Know About Navigating IRS Audits](https://blog.chaliffcpa.com/what-contractors-need-to-know-about-navigating-irs-audits) 7 August 2023 As a Tennessee contractor, you're no stranger to the ins and outs of managing projects, coordinating teams, and delivering exceptional results to... 5 minute read [Read More](https://blog.chaliffcpa.com/what-contractors-need-to-know-about-navigating-irs-audits) [![Top 5 Construction Accounting Software Options For Contractors](https://blog.chaliffcpa.com/hs-fs/hubfs/Chaliff%20+%20Associates%20Blog%20Photos-Sep-06-2023-12-21-40-0796-PM.png?width=400&upsize=true&name=Chaliff%20+%20Associates%20Blog%20Photos-Sep-06-2023-12-21-40-0796-PM.png)](https://blog.chaliffcpa.com/top-5-construction-accounting-software-options-for-contractors) [Small Business](https://blog.chaliffcpa.com/tag/small-business), [Construction](https://blog.chaliffcpa.com/tag/construction), [Contractors](https://blog.chaliffcpa.com/tag/contractors), [Accounting Tools & Software](https://blog.chaliffcpa.com/tag/accounting-tools-software) ##### [Top 5 Construction Accounting Software Options For Contractors](https://blog.chaliffcpa.com/top-5-construction-accounting-software-options-for-contractors) 10 July 2023 Running a construction business usually means you wear lots of hats. The sheer amount of work required demands you use the right tools in the office,... 5 minute read [Read More](https://blog.chaliffcpa.com/top-5-construction-accounting-software-options-for-contractors) [![Construction Contractors Ask: Is It Better to be Paid W-2 or 1099?](https://blog.chaliffcpa.com/hs-fs/hubfs/Chaliff%20+%20Associates%20Blog%20Photos-Jun-27-2023-02-34-37-3287-PM.png?width=400&upsize=true&name=Chaliff%20+%20Associates%20Blog%20Photos-Jun-27-2023-02-34-37-3287-PM.png)](https://blog.chaliffcpa.com/construction-contractors-ask-is-it-better-to-be-paid-w-2-or-1099) [Payroll](https://blog.chaliffcpa.com/tag/payroll), [Construction](https://blog.chaliffcpa.com/tag/construction), [Contractors](https://blog.chaliffcpa.com/tag/contractors) ##### [Construction Contractors Ask: Is It Better to be Paid W-2 or 1099?](https://blog.chaliffcpa.com/construction-contractors-ask-is-it-better-to-be-paid-w-2-or-1099) 5 June 2023 Construction contractors and, well, everyone, want to make as much money as possible. That’s why we often hear the W-2 vs 1099 question. Does one... 5 minute read [Read More](https://blog.chaliffcpa.com/construction-contractors-ask-is-it-better-to-be-paid-w-2-or-1099) [![9 Tax-Saving Tips for Roofing Contractors in Tennessee](https://blog.chaliffcpa.com/hs-fs/hubfs/Chaliff%20+%20Associates%20Blog%20Photos-Jun-26-2023-12-39-56-3742-PM.png?width=400&upsize=true&name=Chaliff%20+%20Associates%20Blog%20Photos-Jun-26-2023-12-39-56-3742-PM.png)](https://blog.chaliffcpa.com/9-tax-saving-tips-for-roofing-contractors-in-tennessee) [Small Business](https://blog.chaliffcpa.com/tag/small-business), [Tax Advisor](https://blog.chaliffcpa.com/tag/tax-advisor), [Construction](https://blog.chaliffcpa.com/tag/construction), [Contractors](https://blog.chaliffcpa.com/tag/contractors) ##### [9 Tax-Saving Tips for Roofing Contractors in Tennessee](https://blog.chaliffcpa.com/9-tax-saving-tips-for-roofing-contractors-in-tennessee) 22 May 2023 Roofing contractors know that tax time can be super stressful. If you’re worried about getting a big tax bill you can’t cover, we have good news.... 4 minute read [Read More](https://blog.chaliffcpa.com/9-tax-saving-tips-for-roofing-contractors-in-tennessee) [![9 Reasons You Should Choose A CPA Firm That Specializes in Your Industry](https://blog.chaliffcpa.com/hs-fs/hubfs/Chaliff%20+%20Associates%20Blog%20Photos-Jun-23-2023-09-16-11-4996-PM.png?width=400&upsize=true&name=Chaliff%20+%20Associates%20Blog%20Photos-Jun-23-2023-09-16-11-4996-PM.png)](https://blog.chaliffcpa.com/9-reasons-you-should-choose-a-cpa-firm-that-specializes-in-your-industry) [Small Business](https://blog.chaliffcpa.com/tag/small-business), [Tax Advisor](https://blog.chaliffcpa.com/tag/tax-advisor), [Contractors](https://blog.chaliffcpa.com/tag/contractors), [Hiring a CPA](https://blog.chaliffcpa.com/tag/hiring-a-cpa) ##### [9 Reasons You Should Choose A CPA Firm That Specializes in Your Industry](https://blog.chaliffcpa.com/9-reasons-you-should-choose-a-cpa-firm-that-specializes-in-your-industry) 24 April 2023 Building a company from the ground up makes you want to do anything possible to protect it. Safeguarding profits during downtimes, ensuring there’s... 4 minute read [Read More](https://blog.chaliffcpa.com/9-reasons-you-should-choose-a-cpa-firm-that-specializes-in-your-industry) [![10 Tax-Saving Tips for Electricians and Electrical Contractors in Tennessee](https://blog.chaliffcpa.com/hs-fs/hubfs/Chaliff%20+%20Associates%20Blog%20Photos-May-19-2023-01-28-06-6319-PM.png?width=400&upsize=true&name=Chaliff%20+%20Associates%20Blog%20Photos-May-19-2023-01-28-06-6319-PM.png)](https://blog.chaliffcpa.com/10-tax-saving-tips-for-electricians-and-electrical-contractors-in-tennessee) [Taxes](https://blog.chaliffcpa.com/tag/taxes), [Tax Deductions](https://blog.chaliffcpa.com/tag/tax-deductions), [Contractors](https://blog.chaliffcpa.com/tag/contractors), [Electrician](https://blog.chaliffcpa.com/tag/electrician) ##### [10 Tax-Saving Tips for Electricians and Electrical Contractors in Tennessee](https://blog.chaliffcpa.com/10-tax-saving-tips-for-electricians-and-electrical-contractors-in-tennessee) 10 April 2023 It’s easy for electricians to be so busy quoting jobs and serving customers that they forget to think about taxes. Unfortunately, this oversight can... 4 minute read [Read More](https://blog.chaliffcpa.com/10-tax-saving-tips-for-electricians-and-electrical-contractors-in-tennessee) [![Learn These 10 Commonly Missed Tax Deductions for Plumbers](https://blog.chaliffcpa.com/hs-fs/hubfs/Chaliff%20+%20Associates%20Blog%20Photos-Apr-10-2023-05-09-42-1737-PM.png?width=400&upsize=true&name=Chaliff%20+%20Associates%20Blog%20Photos-Apr-10-2023-05-09-42-1737-PM.png)](https://blog.chaliffcpa.com/10-commonly-missed-tax-deductions-for-plumbers) [Small Business](https://blog.chaliffcpa.com/tag/small-business), [Tax Deductions](https://blog.chaliffcpa.com/tag/tax-deductions), [Contractors](https://blog.chaliffcpa.com/tag/contractors), [Plumbers](https://blog.chaliffcpa.com/tag/plumbers) ##### [Learn These 10 Commonly Missed Tax Deductions for Plumbers](https://blog.chaliffcpa.com/10-commonly-missed-tax-deductions-for-plumbers) 27 March 2023 Small business owners like plumbers are entitled to several deductions on their income taxes. Unfortunately, you can miss many of these when tax time... 5 minute read [Read More](https://blog.chaliffcpa.com/10-commonly-missed-tax-deductions-for-plumbers) [1](https://blog.chaliffcpa.com) [2](https://blog.chaliffcpa.com/tag/contractors/page/2) [![chaliff-logo-white](https://blog.chaliffcpa.com/hs-fs/hubfs/chaliff-logo-white.png?width=200&height=61&name=chaliff-logo-white.png "chaliff-logo-white")](https://chaliffcpa.com/) Chaliff & Associates **© **2021 | [Privacy Policy](https://chaliffcpa.com/privacy) | [Accessibility](https://chaliffcpa.com/accessibility) ![1_Badge_Online_large](https://blog.chaliffcpa.com/hs-fs/hubfs/1_Badge_Online_large.png?width=80&height=106&name=1_Badge_Online_large.png "1_Badge_Online_large") [Follow us on Facebook](https://www.facebook.com/chaliffcpa) [Follow us on LinkedIn](https://www.linkedin.com/company/chaliffcpa/)