Professional Tax Preparation;
and Business Services for
Companies and Self-employed
Workers in the Skilled-Trade
Call us when you are ready to do business with us(Time Management).
Research done in the Construction Industry in 2020 and 2021 have shown that Companies in the Skilled-Trades have made Real Estate a Hot Market; and those companies have had double and triple growth inspite of the COVID-19 Pandemic.
We prepare Tax Returns; and we provide Paid Monthly Consultation Service for 500 clients in the Skilled-Trade Industry. (Some of them report Income and Expenses on the Cash Basis; and some report on the Accrual Basis).
***NOTE:-If you are looking for employment in Construction/skilled trade, log on and apply on these websites:- Jobs.Aerotek.com; ZipRecruiter.com and ManPower.com. If you are looking for qualified workers for your business, log on to:-www.Indeed.com/hire. If you are looking for qualified household workers log on to:- HouseholdStaffing.com and Maids.com. If you want to form an LLC or Corporation, call Legal Zoom at (800)773-0888 ext 5374; or (323)962-8600.
Money is Wealth and Power. It also brings Financial Freedom/Independence, Happiness, and a lot of Friends. We will use every Regulatory Tax-Break/Write-off to help you keep more of your money; and we will put a smile on your face. Time Management is very important to us. Call us when you are READY to do business with us.
Tax Codes we use (IRC Sections):- 61, 132,162, 167, 168, 179, 195, 197, 199A, 212, 280, 351, 401, 441-446, 460, 761, 1015-1019, 1211, 1221, 3402, 4975, 6072, 6081, etc.); Plus IRS 48 hours of Mandatory Annual Continuing Education. We don't rely on simplistic rules of thumb scenarios to solve Tax Problems. Our methodology is factually deep and effective. We have a proven track record in this industry and with the IRS and States.
Research Companies we use:-Thompson Reuters; Prentice-Hall; WG&L; RIA; BNA; and CCH. They are the best/legendary; and they are used by IRS Auditors. Hence, you are in capable hands with us.
Business Tax Returns MUST reach the IRS and States on or before March 15 (IRC Section 6072). That is a Grace Period of 2.5 months after December 31.You should give us the information on or before March 01 and avoid paying a late filing penalty. Those tax returns take time to prepare, and we may have to do research to complete them. You are liable for paying late filing charges/fees to the IRS and State if we received your documents late. Call the IRS (800) 829-1040 from 7am EST.
Let's Get to the specifics!!
We have experience working with over 500 Skill-Trades men and women. They are General Contractors(GC); Sub-Contractors(Subs); and Handyman Special.
They opertate as S-Corps., C-Corps., LLC's and Sole-Proprietorships/Individuals in the following trades:-Home Improvement, Roofing, Masonry, Welding, Carpentry, Demolition, Electrical, General Construction, Mechanical, and Plumbing in the States of NY, NJ, PA, FL and CA. They FAX us their documents; or SEND them by UPS, FedEX, DHL and the Post Office.
Services We Provide
1)Personal and Business Tax, Preparation and Filing.
2)Tax Planning and Financial Planning (Pro-active and strategic planning to counter surprises; or unforeseen contingencies, including the tax aspects of Marriage, Separation, and Divorce).
3) Business Loan Application; Personal and Business Financial Statement; and Business Valuation.
4) IRS & State(s) Tax Problem Resolution (Payroll tax audit; Failure to reply; Collection appeals; Wage garnishment; Penalty abatement; Delinquent tax returns; Innocent spouse forgiveness; Taxes owed in prior years; Delinquent on child support payments; Default on student loan; Tax refund seizure; etc). You can read for FREE Chater 2, pages 11-20 in my best selling book, "Sweet Success" by Clemson Barry on Amazon.
5)Book-Keeping & Business Advisory (Federal & State labor laws; Contract Review; Insurance & Bonding; Financial Statement; Bankruptcy; Cash-Flow Forecasting; Cash Basis V's Accrual Basis; Calendar Year V's Fiscal Year; Working Capital; Lawsuit; A/R Collections; etc.).
What we want from you
#1)Your Phone number and E-mail address for quick communication.
#2)A paper copy of the last tax return you file.
#3)Your Business Gross Income and Expenses.
#4) A paper copy of your Driver's license or State ID (Starting in 2016, the IRS required the information be on ALL Tax Returns to help deter ID Theft) - IRS (800) 829-1040 from 7am EST.
#5)Give us the letter you received from the IRS with the IP PIN number that was assigned to you to put on your tax return(Identity Protection Personal Identification Number).
#6)Social Security Cards and Birth Certificates for everybody you are claiming on your tax return; and information from Day Care or Babysitter you pay.
#7)Form 1098-T for College tuition you paid for yourself and each dependent; Form 1099 for Student Loan Interest you paid.
#8)Rental Income you received from tenants; and Expenses you paid to maintain the property during the year.
#9)Forms 1099's from your Mortgage Company for Mortgage Interest; Real Estate Tax; School Tax; Town Tax; Community Tax and Village Tax you paid for each Residence, Rental Property, Vacation Home, and Time Share you own.
#10)Forms 1095 for Medical Insurance you paid for yourself and your dependents-(IRC Section 6051; Forms 1099's for Unemployment, Disability, and Social Security Income you received.
#11)Forms W2 from your Union or Employer; Forms 1099's from your Bank and Brokerage Company for Interest and Dividends you received, and Bonds and Stocks you sold during the year.
#12)Forms W2-G for gambling winnings from Casions, State Lottery, Horse Race, etc.
#13)Your Credit Card or Bank Account Information to pay for the service.
How we obtain Clients:- Direct mail from our exclusive database; Mailing list from Trade Associations, Mailing list companies, and States Departments of Corporations registry.
Industry Related Education
*MS Taxation; and MBA Business Mgt.
*IRS Enrolled Agent-(1989 to Present).
*IRS 48 hours of Mandatory Annual Continuing Education.
*Insurance Broker (Property & Casualty).
*Construction & Project Management-(NYU).
*Real Estate Employment-(Century-21 Greenfield).
Testimonials:-"I found Barry's Accounting Services, Corp. on the internet. I received so much information from the company's website that I had to try the servics. I'm happy I did." - E. Mackenzie, Electrical Contractor (Jamaica, N.Y.).
General Over View
We know your Industry Standards and Practices ("Industry-specific" Knowledge):-
2)Project & Risk Management.
3)The need to manage Cash-Flow agressively and efficiently.
4)Contractor licenses(HIC and HIS)
5)Annual Tax Reporting(Cash V's Accural)
6)Employees Wages-W2's and Sub-contractors compensation-1099's. Employee V's. Independent Contractor is where the IRS and DOL focus their Payroll Audits.
7)Activities/Project Workflow:-Location/Site, Zoning ordinance, Design & Budget; Bids; Proposals; Permits; Early scheduling of inspection; Costs & Revenue Projections; Cash-flow; Working Capital; Sub-contractors; Surety bonds; Insurance; Rules for erecting temporary barrier & privacy fence; Scaffolding laws; Roll-off dumpsters; Heavy equipment delivery; Storage containers; Office trailers; Generators; Portable toilets & shower; Equipment cost to job; Selecting qualified materials & supplies; On-time deliveries; Work in progress, Contracts execution & compliance(Each job has a skilled crew foreman and all materials used are in compliance with industry standards); Defects; Change orders; Delays; Track purchase orders; Overhead rate analysis (Actual & Variences); Cost overrun; Liens & Lien waivers; Damage waivers; Warranty; Claims; Errors/Omission; Sales & Payroll Taxes; Sales tax exempt organizations; Accounts Receivable & Payable; Certified Payroll; Contract & Procurement Investigation, etc...We also work with ADP & Paychex).
"We are laser-focus and tenacious. With us in your corner, you wil be empowered to make great business decisions. You will have a knowledgeable and valuable resource to turn to for practical and profitable Business and Tax advice, including the Tax Aspects of Marriage, Separation & Divorce. Written testimonials we obtained during our annnual clients surveys are overwhelmingly impressive."
Tax Preparation for Skills-Trade Clients.
We will use EVERY regulatory tax loophole, credit, deduction and exclusion in the new and constantly changing tax laws to reduce or eliminate your tax liability and put a BIG smile on your face. Time is of the essence. Therefore, your assignments will be completed Quickly, Efficiently, and Accurately when you give us all the necessary information. You have a lot of work to get done. Let's start today!!
Whether you are a new client looking for a project manager in your industry, or an existing client with an emergency, we can serve as the main contact throughout the length of your project. That entails project development, execution, oversight, due diligence, checks & balances, and interim reports to meet your needs and ensure your satisfaction.
Annual Continuing Education :- Site survey; Assessments; Zoning ordinances; Land development; Building designs; City approval & permits; Qualified Materials; Supplies & Suppliers; Construction Accounting & Auditing; Loans (Construction, Bridge and Mortgage); Short & Long term debts; Selecting qualified Architects & General Contractors; Estimates; Proposals; Insurance; Suriety Bonding(Bid, Payment and Performance bonds); Contract preparation & reviews; Barriers; Posting notices on barriers; Scaffolding laws; Environmental laws; Project Management; Construction delays & cost overrun; Employees and qualified sub-contractors; Federal & State Labor laws; Federal & State payroll laws and compliance; Managing union payroll; Sales tax exempt organizations; Government filings/reporting & Audit requirements; Collective bargains/unions negotiations, etc.
Question:- What can a real estate owner do to minimize construction disputes?
1) Communicate your ideas to the contractor and be realistic. Tell the contractor the size of your budget. You have the right to make adjustments before you sign the contract.
2) Monitor the job and have the contractor check with you if additional work has to be done.
3) If you want to change something, get the agreement in writing ("Change Order" form). In a verbal agreement, you or the contractor may not remember what either of you had agreed to.
Question: - What can a real estate owner do if s/he doesn't want to personally get involved in a project, but wants to rely on a trusted individual or project manager?
Answer:- Hire my firm. A qualified project manager will serve as my main contact throughout the length of the project while I visit the project periodically and keep you up to date with frequent reports. Our Fee:- Clients can choose between two pricing. A flat fee; or a fee that is based on results (performance-based compensation).
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