Construction Industry Accounting & CPA Services in Houston TX

Construction Industry Accounting & CPA Services in Houston TX

For years we have worked with all types of construction contractors… everything from commercial and residential general contractors, to subs like roofers, electricians, commercial plumbers, HVAC and utility contractors. You could say it’s in our blood.

You see, our founder’s (Jim Trippon CPA) father was a custom homebuilder, and Jim grew up pounding nails. In fact Jim could install 3 tab shingles and roof flashing before he ever got his first drivers license, let alone before he went to college to become a CPA.

We have found that very few CPAs have a passion for the construction industry. Most don’t even know that many of their contractor clients qualify for a special deduction to save them 6% on their federal income tax every year.

What we’re talking about is the Domestic Production Activities Deduction (which can be deducted using IRS Form 8903). This special deduction allows many construction contractors to deduct 6% of net income derived from qualified “production” activities. There are some limitations, but most construction contractors that do new construction projects can qualify.

There has never been a more crucial time for construction contractors to pay more attention to their tax preparation and tax accounting details. By reducing their tax liability, construction contractors can protect themselves against increasing taxes and income assessments by the IRS. Here are a few tips on how to effectively reduce your tax liability in the construction industry.

Maximize capital asset deductions. Recent tax laws have increased the fixed asset cost expense up to $250,000 for construction contractors. Construction contractors can take advantage of this deduction as long as less than $800,000 of the company’s assets are in service within the given year.

Capital Gains & Dividend tax rate increases. Under the current law, expect it to change with the new presidential administration, capital gains and dividend are taxed at 15%. This issue is something that you will definitely want to consult with your tax CPA. These tax rates are under close watch Congress and the presidential administration.

Tax Rebate. Most of the economic stimulus checks have been delivered. However, there are additional funds that may be available. The economic stimulus checks were actually an advance on the 2008 tax liabilities. The amount of each person’s check was based on income from 2007 & 2008. So if there was significant changes in income there may be additional rebate funds that are available.

Depreciation Deductions. Investments in equipment can be partially deducted in the first year of use. Contractors are allowed to deduct of the cost investments made in a calendar year during the first year of use. Construction contractors can then depreciate the remaining half of the asset purchase over its normal useful life.

Beware of the “Kiddie Tax.” Since most construction contracting companies are family owned and operated, the kiddie tax has been extended to require excess unearned income of full-time students under 24 years of age, to be taxed as marginal income at the parent’s current tax rate. This may not apply if the student’s earnings equal of their support. You will definitely want to consult with your tax CPA regarding retirement planning options and monetary gifts to avoid increasing your tax liability on dependents over 18 years of age.

If you would like to work with a CPA firm that understands the construction industry and will work hard to make sure you do not pay a penny more than you owe give us a call at 713-661-1040.

At Trippon & Company CPAs we use our 30 years of experience in construction industry to minimize your Federal tax liability. Call us at 713-661-1040 and put our experience at work for you TODAY!

Invest In A Food Franchise Business For Instant Success

When we talk about franchising, the first thing that strikes our mind is a food franchise business. As compared to any other industry, food industry uses the franchising concept more. Look around a market and you will be amazed to find the number of popular food chains available there. There are many popular brands such as McDonalds, Subway, Pizza Hit, Dosa Plaza, KFC and Slice of Italy that have taken help of franchising to increase their brand visibility. Well in one way or other, the food industry dominates the franchise industry.

If you are planning to take invest in top franchise business opportunities, food franchise is a good option to consider. Today consumers are health conscious and they always prefer to pay some extra money to have food from some reputable food joint or restaurant. The food sector can present a great opportunity for aspiring investors like you, however, as with any other business venture; it will be a good step to do your groundwork before buying into a food franchise. Think about your strengths and weakness and then look for a good option that matches with your interest and skills.

Here are some useful tips in how you can make your food franchise business successful:

Go for a brand name: There are end numbers of food franchising companies in the market to choose from. If you are new to the food industry, it is always a better idea to invest in a brand that you are familiar with. For instance if you dont like burgers and pizzas never invest in such fast food chains. Instant invest in a food brand that you would love to sell.

Maintain the quality: Remember popular food brands are popular due to the quality food served there. Visit any fast food franchise outlet of McDonalds and you will find the same type of burgers there. This is one reason why this fast food franchise brand is popular all over the world. Hence, to make your food franchise business successful always give stress on the requirements of your target audience and try to offer quality food. Remember the quality of your food items will help you enjoy good flow of customers.

Analyze the market requirements: Before you actually start your own fast food franchise or beverage business it is important to learn as much as possible about the demographic profile of the location where you want to open your food outlet. Having knowledge about the population characteristics in terms of their income, age can help a lot in making the right decision.

High quality customer service: In any fast food franchise or beverage business outlet there will be hundreds of customers to deal with at any given point of time. So, make sure to pay attention to customer requirements and handle them efficiently. Be ready to render any sort of help related to serving of food. Also check whether your staff members are handling the customers properly or not.

Keep these points in mind while starting a food franchise business or beverage business and you will soon get to taste success.

Promotional Bags Offer Ongoing Advertising

What makes high end promotional items high end is that they are able to provide you lasting promotion and advertising to your brand. With this said, you will have to focus on how this all work. As a company or marketer, you may want to consider learning about awesome items that work great in advertising your company.

Well, you might be in luck, today, you will discover a great promotional item that works wonders on your advertising and one that offers ongoing results.

What is it? It is the promotional bag.

What? Promotional bag? Arent they overrated? Well sort of, but the thing is with the customization of promotional items today, you will discover that this item has now a renewed essence that will get clients the fast way without you having so much issue on your end. To make this even better, you will learn that you can get better deals on this item and may even customize it to become a high end promotional item that offers ongoing advertising.

Promotional Bags

Promotional bags are basically bags that are offered to your clients as promo gifts they get from various events, tradeshows, giveaways, and even when they visit and inquire about your products and services in the office. With such promotional item, you are able to display your brand to other clients as well just by showing up your logo and company name.

A bag has a wide surface area and how it is use matters a lot. Bags can be backpacks, grocery bags, side bags, casual bags, paper bags, and so on. The list just keeps on coming and this only means that you can be quite creative with this item.

As you think of a perfect design and logo branding on your bag, you may want to consider knowing more about the customers or prospects you are planning to give your promotional bag. Take note that each market is unique and a grocery bag may not work for this certain market compared to another. As you may know, eco-friendly bags are also available to entice those nature lovers and they work just fine.

You can definitely make promotional bags be one of the high end promotional items by adding customization. With customization you can turn a backpack into a professional backpack. You may also add other features such as bottle carriers, water seals, laptop pockets, and so on. With this product you will definitely enhance your brand and get ahead of your marketing the right way. You will gain the exposure that you need and get ahead of your clients needs.

Everyone needs a bag or two. Some travelers would love to have a side bag or even backpack if you are thinking of a major advertising. You can always expend more with this product and offer really high quality materials. You should know that there are a lot of great suppliers out there that can easily offer you the best designs, style, and customization ever. Learn more about them and you may just find a great partner soon.

The power of ongoing promotions or advertisement

Now that we have truly defined this item and how it could be great, let us focus on how it could be an ongoing type of advertisement on your end. Basically, with the power of promotional bags, your item is reused all over and over again. As it is used for a long while, people will be naturally familiar with your brand and your label. This will get them to easily remember you and even prioritize your brand as they do their next purchase. Furthermore, those seeing your logos will get familiarize with you and hence a long term, double win promotion is upon you!

Bottom line is, you can be creative with your promo products. You can even offer medical promotional items to get you going for your brand and get you ahead of your marketing. The point is being able to offer something of value and something that last is what you want.

Petite Clothes- Buyers Guide

It’s a common perception that petite women have it easy when it comes to looking for and finding clothes. If you’re small, it’s assumed that you have it easy with finding petite clothes. It goes without saying, then, that there are few stores and online sources that help women of smaller stature with their shopping problems.

Fewer still, are simple discussions of how to help small sized women shop smart. Well, problem solved. Here is a guide for any small sized woman to finding just what they need for any occasion. First and foremost, people often forget that being little does not mean you don’t have oddities of the body. The truth is that small women have it even harder because while small, they may have a larger butt or chest which makes it hard to find a piece of clothing that fits it all. For example, many women have small waists but larger hips, so the difficulty then is to find a dress that is snug around the waist but not too tight at the hips. To be honest, not many clothing stores making petite clothing that fits these types of standards. Another common problem for smaller women is clothing length. The dress, skirt or pants may fit well but they are too long and having to adjust a dress you just bought defeats the purpose of shopping in the first place! Similar problems are to be seen with shoulder length (as most small statured women have little shoulders), arm length and even necklines.
Whichever way you spin it, it becomes clear that shopping as a small woman is difficult. The best (quiet generic) thing to do if you are suffering from these problems is to find stores that specifically design clothes for small women. These can be found in greatest abundance online. These types of websites are really helpful for women in finding petite clothing ; they have sizes, measurements and great item descriptions. Many women are weary of buying clothes online since there’s no trying-on option. The online stores are aware of this, which is why they make sending items back and forth, exchange, and money backs easy to do. Deliveries are usually very prompt, and you can be sure you’re getting what you asked for. If you are a small woman living in a big city, you may be in luck.
Many larger cities like New York, Boston, Chicago and Los Angeles have a larger selection of boutiques and other clothing stores specifically established for petite women. All their items are specially designed to fit small women of all shapes. Some will even adjust clothes to their customers’ bodies on the spot. Of course, any regular store may sell clothes that fit small women. This just takes a little bit more searching, trying on, and altering than would otherwise be necessary. Whether you choose to go the online route or shop hands on, these days you can be sure that no matter how small, you will find the perfect place to buy your clothes.

Company Profile:

So-Sensational is a fashion website showcasing Petite clothing, posh frock and plus size clothing. Your entire favorite brands all in one place and hand-picked for you. To view So- sensational petite clothing please visit the website – http://www.sosensational.co.uk/

Every Business Needs a Robustly Developed Asset Management Software!

Managing a business is definitely a herculean task! – Facing constant competition, looking after the human resources and their productivity levels, building a rapport with the clients – This list is just endless. And in this changing and volatile market scenario, there is a new addition in this endless list – Asset management. Touted as one of the most challenging and demanding task, it requires a great deal of sincerity and caution on the part of the person handling it. Asset management software is an advanced tool, which minimizes the efforts and risks.

For many business owners, employing asset management system still does not exist. Most of them think that it is only for large scale organizations, with multi-million dollars turnover, hundreds of employees and many offices set ups across the world. However, this picture does not fit well in this picture – with the growing volume of digital resources along with other assets have made it difficult for any business manager to concentrate on each area manually.

A modern and technically well-developed tool like license management software manages the IT resources in the company efficiently. It audits and classifies the IT assets irrespective of its location or its version. It provides a handy means for the IT administrators, wherein they can realize which software or asset is out of date, or requires urgent up gradation, or which one is non-functional. It saves the productive man hours of the employees and above all, it helps you to avoid any legal hassles and penalties as a result of software non-compliance.

Asset management software is designed and customized according to the changing requirements of the industrial sectors. Therefore, it makes it easy for the managers to set the software to see that it fits well within the regular work flow. Moreover, some of vendors also come up with a more advanced platform which acts like database management software wherein it stores and maintains inventory data. It also keeps a track of shared databases, so makes it effortless to find any information on any assets.

A sophisticated tool, asset management software also provides a more improved interface which makes it completely simple for the managers to receive an updated and regular report of the total inventory and assets in the company. Any inventory and data configured within the system will go unnoticed – it will audit the entire gird and prepare a comprehensive account consisting details like life-cycle, date of purchase, vendor, manufacturing date, maintenance schedule and details.

In short, any asset, tangible or intangible will be covered under this, you will realize the resources that are absolutely non-functional, and optimize its use to save the finances as well as the productivity of the employees.

Centralization of the database is the most efficient way to have a simple and fast way to deal with any intricacies of asset management. Asset management software with its advanced feature integrates all the departments and creates a centralized system, which makes it simply manageable to supervise and optimize any resource.