Smart Accounting Moves: Devin Nordgran’s Financial Strategies for Contractors

The Catalyst for the Trades

Know your numbers and make them work for you. In this must-hear episode, Jennifer Bagley sits down with Devin Nordgran, Tax Associate at Squire, to unpack real-world financial strategies every home service business owner needs.

Learn why smart accounting is more than just end-of-year cleanup, and how proactive planning puts money back in your pocket. Devin shares top tax-saving tactics, breaks down what the new “One Big Beautiful Bill” (OBBA) means for contractors, and offers powerful insights into leveraging R&D credits for AI investments. Discover the practice of cost segregation studies, the truth about bonus depreciation, and why your accountant should be your most trusted advisor, not just a tax filer.

Perfect for HVAC, plumbing, electrical, and construction business owners who want clarity, peace of mind, and bigger profits.

Timestamps:

00:00 – Introduction & Meet Devin Nordgran
02:37 – Why Early Accounting Matters for Contractors
03:28 – Top Qualities in an Accountant: Peace of Mind, Clarity, Time
06:52 – The Mindset Shift: Accountant as Business Asset
10:20 – R&D Credits for AI and Tech Investments
16:19 – Tips for Tracking R&D Expenses Early
17:21 – The New Tax Bill (OBBA): Key Changes for Contractors
18:16 – Bonus Depreciation & Cost Segregation Explained
19:49 – QBI Deduction, No Federal Tax on Overtime, Credit Sunsets
22:46 – Homeowner Rebates and Credits: Last Call Before They Expire
25:51 – How Construction, Solar & Other Trades Companies Are Impacted
27:51 – Q4 Priorities: Budgeting, Tax Planning, and Forward Strategy
34:44 – Pass-Through Entity Tax Update
36:47 – Budgeting Best Practices & Building a Winning Financial Team
39:43 – Squire’s Full-Service Approach & Strategic Partnerships
41:54 – Navigating Multi-State Sales Tax, Compliance & Lessons Learned
44:18 – Final Takeaways & How to Contact Squire

Guest Details:

Devin Nordgran
Title: Tax Associate, Squire

Background: Devin Nordgran is part of Squire’s full accounting and fractional CFO team, serving home service businesses across the U.S. With deep expertise in tax planning, R&D credits, cost segregation studies, and strategic financial advisory, Devin helps business owners unlock clarity, reduce tax burden, and drive long-term growth. Squire is recognized for transforming accounting from an “expense” to a true business asset—providing comprehensive support, real-time advice, and trusted partnerships.

Relevant Links:

• Squire
• Squire Construction Services
• Connect with Devin on LinkedIn
• Energy Star Product Eligibility
• Catalyst for the Trades Podcast
• CI Web Group
• The Opus & Golds Group

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