🔧 Industry Expertise
Accounting & Tax Solutions for Contractors
From subcontractors to general contractors — we handle the books, taxes, and compliance so you can focus on the job site. Trusted by Houston-area contractors and construction businesses across the U.S.
Expert Financial Guidance for Contractors & Construction Businesses
The contracting and construction industry operates on tight margins, fluctuating cash flow, and complex tax rules. Whether you’re a self-employed subcontractor, a general contractor managing crews, or a growing construction company, your financial and tax needs are unique — and they require an accountant who understands the industry.
At Volkan & Associates Inc., we specialize in helping contractors across the Greater Houston area and throughout the United States manage their finances with confidence. From job costing and payroll compliance to tax planning and IRS representation, we provide practical, reliable support year-round.
Personalized Accounting & Tax Solutions
- Irregular cash flow due to seasonal work, project cycles, and delayed client payments
- Complex payroll rules — W-2 employees vs. 1099 subcontractors, certified payroll, union requirements
- Sales and use tax compliance on materials, equipment, and services across multiple states
- Quarterly estimated tax payments and self-employment tax obligations
- Tracking job costs and project profitability across multiple active contracts
- Depreciation and section 179 deductions for heavy equipment and vehicles
Our Services for Contractors
Business & Personal Tax Preparation
Accurate federal and state tax returns for sole proprietors, partnerships, LLCs, and S-Corps in the construction industry.
Bookkeeping & Job Costing
Track income and expenses by project. Know your profit per job. Stay organized through every phase of the contract.
Payroll Services
On-time payroll processing for your crew — including certified payroll reports, quarterly filings, and W-2/1099 year-end forms.
Tax Planning & Quarterly Estimates
Avoid end-of-year surprises. We build a tax strategy around your project pipeline to minimize your tax liability all year long.
Equipment & Depreciation Strategy
Maximize your deductions for trucks, trailers, and tools including Section 179 and bonus depreciation.
IRS Representation & Tax Debt Resolution
Facing an audit or IRS notice? As an Enrolled Agent, we represent you before the IRS and work to resolve issues quickly.
Why Contractors Choose Volkan & Associates
IRS Enrolled Agent with Full Representation Authority
We can represent you in all IRS matters — not just file your return. This matters when issues arise.
Industry-Specific Knowledge
We understand contractor-specific deductions, subcontractor 1099 rules, and construction-industry tax law.
Year-Round Support, Not Just Tax Season
From monthly bookkeeping to quarterly payroll filings, we're your financial partner all 12 months.
Affordable, Transparent Pricing
Professional service at reasonable rates. No surprise fees. Clear, upfront communication on what you'll pay.
Frequently Asked Questions
Yes. Contractors can deduct the cost of tools, equipment, machinery, and vehicles used in business. Depending on the cost, you may be able to fully deduct in year one using Section 179 or bonus depreciation, rather than depreciating over many years. We evaluate what's best for your tax situation.
Generally yes — if you paid a subcontractor $600 or more during the year for services, you are required to issue a Form 1099-NEC. Failure to do so can result in penalties. We handle 1099 preparation and filing as part of our bookkeeping and payroll services.
It depends on your income level and goals. An LLC is simpler to operate; an S-Corporation election can save self-employment taxes once your net income exceeds roughly $40,000–$50,000 per year. We analyze your specific numbers and recommend the most tax-efficient structure for you.
Texas has specific rules for contractors regarding sales tax on materials incorporated into real property. In most cases, contractors pay sales tax on materials at purchase and do not charge sales tax to customers. However, this varies depending on the type of contract (lump-sum vs. separated). We ensure you are collecting and remitting correctly.