HVAC, plumbing, electrical, pool, pest, and tree work. Job costing, progress billing, a pile of subs, and a sales tax rule that changes with the type of job. We keep contractor books that hold up.
In New Jersey, the same crew can do a taxable repair on Monday and an exempt capital improvement on Tuesday. Your books, your invoices, and your tax filings all have to know which one it was.
Labor, materials, and subs get coded to the job while it's running, so the report at the end tells you the truth instead of an average.
The state's contractor bulletin, S&U-3, sorts every job into a capital improvement, a repair, or maintenance, and that decides whether you collect sales tax on the labor. An exempt capital improvement needs the owner's Form ST-8 on file, and a few capital improvements, like flooring and hard-wired alarm systems, stay taxable anyway. We set up the invoicing so the right thing happens on every ticket.
Under the same bulletin, a contractor is the end user of the materials it installs, so the tax is paid when you buy them. We make sure the books and the supplier accounts agree.
New Jersey requires 7% withholding on payments to unregistered, unincorporated contractors, and the IRS wants every sub to actually look like a contractor. We keep the paperwork on every sub current, so nothing waits until January.
“I can’t say enough good things about working with the Schwartz and Associates team. They gave me the kick in the butt I didn’t even realize I needed when it came to getting my business started and in order. They took what could have been a stressful process and made it smooth and straightforward for both me and my wife. If you’re looking for a CPA who’s proactive, honest, and actually cares, I would highly recommend them.”
Your payroll, books and taxes live under one roof and always agree.
When an agency writes, we answer it. You hear about it after it is resolved.
When you add a truck or a crew, you'll know before you sign whether the jobs are there to pay for it.
You know the trade. We know which of your jobs the state wants sales tax on. Let’s put both to work. Book a call and bring your last three invoices.
