Staten Island Bookkeeping for Contractors and Small Businesses

# Staten Island Bookkeeping for Contractors and Small Businesses Staten Island is the borough of trades. More licensed contractors per capita than anywhere else in NYC, plus a deep base of family-owned restaurants, auto shops, and home-services businesses. The bookkeeping problems are different from Manhattan — and the tax savings are bigger if you do it right. ## Staten Island contractor bookkeeping (our specialty) If you''re a general contractor, plumber, electrician, HVAC tech, roofer, mason, or landscaper based out of New Dorp, Tottenville, Great Kills, Eltingville, or anywhere on the North Shore, here''s what we handle: ### Job costing We set up **QuickBooks Online with class tracking** so each project shows true profit. Materials, sub labor, permits, and direct labor each project — at any moment you can see which jobs are losing money. ### ST-124 Capital Improvement Certificates For real-property capital improvements, the customer should issue you an **ST-124** so you don''t collect or remit sales tax on the labor portion. We train you to collect this **before** invoicing — most contractors over-collect or under-collect sales tax for years. ### Sales tax compliance - Repair and maintenance work to real property = **taxable** at 8.875%. - Capital improvement (ST-124 on file) = **exempt**. - Materials you buy for resale to customer = use **resale certificate ST-120**. ### Payroll for crews **NYS-45** quarterly, federal 941, workers'' comp, NYS disability, NY paid family leave. We integrate with Gust or QuickBooks Payroll. We also handle **subcontractor 1099-NEC** filings every January. ### Vehicle and equipment depreciation Trucks over 6,000 lb GVW (most contractor pickups) are eligible for **bonus depreciation** and **Section 179**. Equipment too. Done right, you can write off most of a $60K truck and a $20K skid steer in year one. ## Staten Island restaurants, salons, and retail - POS reconciliation (Toast, Square, Clover). - Sales tax filings. - Tip reporting (Form 8027) for restaurants with 10+ employees. - Inventory tracking for retailers. ## Tax notes - **NYC UBT** at 4% applies to unincorporated Staten Island businesses. - **NYC Business Corp Tax** at 8.85% for corporations. - **No Commercial Rent Tax** outside Manhattan. - **NYC Real Property Transfer Tax** if you sell a commercial building. ## Pricing Solo contractor / sole prop: **$225/month**. Crew of 3–10 with payroll and job costing: **$650–$1,400/month**. [Get a Staten Island contractor bookkeeping quote →](/contact)