Jump to content

PressurePros

Members
  • Content count

    5,415
  • Joined

  • Last visited

  • Days Won

    6

Everything posted by PressurePros

  1. Opinion on Delco's RK43

    Carlos, I can only speak for the Landa having had a few different models over the past five years.I started with a 2.8 gallon unit doing kitchen exhaust cleaning and just sold the 230V one I needed at the Philly Airport . One thing in common with all of them, I didn't need to do a thing to them. I am not into taking apart my machine and cleaning coils etc etc. Filtration, safety features and quality are in over abundance on the Landas. They are expensive and to me, worth the money. If I could field strip a machine and analyze trouble and fix it, then I would go with something cheaper.
  2. I need a book

    .....................
  3. Oxalic Acid

    Tony, I know what you mean about acid exposure.. I misread your "much less hazards" to mean the amount of damage to the wood. Thanks for catching that. I do understand the chemical constituency of Citrallic™ is not pure citric acid.
  4. I need a book

    whatever works for ya, Mikey.:cheers:
  5. I need a book

    S Corps are great. I'm still :lgbugeyes
  6. Cowbell banger

    I am mesmorized by him.
  7. I need a book

    You can be much more creative with a corporation than you can as a sole proprietorship. I also disagree that a C corp is a bad idea. You can drain a C corp of it's profits at year end rather easily if you know what you are doing. This will avoid the feared double taxation by paying out dividends to shareholders. Excerpted: Self-Employment Tax Savings Corporate profits are not subject to Social Security, Medicare, Workers Compensation and other taxes - a combined 15.3% in taxes. An individual proprietor would need to pay all of the foregoing taxes (commonly referred to as “self-employment taxes”) on all income earned by the business. With a corporation, only salaries are subject to these taxes. For example, if a sole proprietor earned $60,000 from the business, a 15.3% tax would have to be paid on $60,000. Let's assume that the owner of a corporation pays himself or herself $40,000 a year in salary, and $20,000 is left over as corporate profits. In this case, the 15.3% tax would only be paid on the salary ($40,000). This saves the owner of the corporation over $3,000 per year! Please note that a stockholder-employee must pay himself or herself a reasonable salary, or else the IRS could re-characterize some or all of the corporate profits as salary. 15% Tax on Corporate Profits C-corporations provide even greater tax flexibility. By simply dividing income between the corporation and the shareholders, businesses can save thousands of dollars each year on taxes. For the 2001 tax year, after the first $27,500, personal rates are 27% and increase based on income up to 38.6%. In addition, individuals must pay Social Security taxes (12.4%), Medicare taxes (2.9%) and, in many cases, state and local income taxes. With a C-corporation, the first $50,000 in profits are taxed at only 15% -- plus, there are no Social Security or Medicare taxes. And if you incorporate in a tax-free state like Nevada or Delaware, there are no state income taxes. Therefore, if you are in the 28% tax bracket and shift $50,000 of your personal income into a corporation, you could save about $14,000 per year. (This amount includes the money saved by not paying social security and Medicare taxes). How do you avoid the double taxation associated with C-corporations? Never distribute dividends directly to the shareholders, or simply pay out dividends in the form of a bonus. Since most corporations are not limited to any particular business activity, corporate profits can be re-invested in other business ventures. Corporate profits can also be spent on employee perks. Ability to Deduct Business Operating Losses Corporations have very few restrictions on operating and capital losses. Losses are generally carried back three years and can be carried forward for 15 years. Sole proprietorships not only have stricter rules, but also are subject to a higher probability of audit if there are losses. Fringe Benefits and Medical Insurance Retirement: Retirement plans, such as a 401K, can be set up through a corporation that would allow you to exclude a higher amount of income than a regular IRA. With a corporate entity, savings may also be doubled with a corporate matching program. Medical Insurance: Corporations can deduct 100% of the health insurance premiums paid on behalf of an owner-employee. As a sole proprietor filing an individual return, only 60% of the medical premium is currently deductible. Fringe Benefits and Deductions: With proper structuring, a corporation may deduct other expenses such as automobile insurance, education benefits and life insurance. These expenses are subject to strict limitations for sole proprietors (if deductible at all). Moreover, these expenses can be "red flags" that trigger audits for individuals. For example, an individual proprietor who wants to deduct expenses from a home office can trigger IRS scrutiny. Lower Chance of an IRS Audit On a percentage basis, the IRS conducts fewer audits on corporations than individuals. Corporate returns also have fewer "red flags" than individual returns. Overall, incorporating is one of the best ways a business owner has to protect his or her personal assets, while saving thousands of dollars in taxes. Since individual situations differ, please consult a qualified tax or legal professional to discuss your specific circumstances and to maximize your tax benefits. Be smart with your business and incorporate. About AccountingWEB: AccountingWEB is an online community designed for and dedicated to the accounting profession. Their approach is to use the best of the Internet technology available today, and mix it with some good old-fashioned human insight to help direct you to the information and resources you need to stay informed.
  8. I need a book

    Incorporate yourself and you will do even better.
  9. telescoping wand

    I took my extension wand off the truck once this year and cursed every minute of it.
  10. Oxalic Acid

    I use 4 oz per gallon on post strip wood restoration (recently switched to citrallic though for reasons Tony C mentioned). Eight to 12 oz/gallon on concrete, sprayed on undiluted.
  11. I'm a winner!

    They did? I didn't get to see the game, but I couldn't find that stat in any of the recaps.
  12. Strange Phenomenon

    There really is a green dot. It is in the frames of the animated gif. The illusion is when you try to follow it and then your brain blends it into a pink dot.
  13. what kind?

    This place is better than the Learning Channel
  14. deck cleaning

    (sung to Grease) Bleach is the word, is the word that you heard, it's got groove, it's for cleaaninngg. Yo Mike, the one that is strapped always wins the arguement. Now let me get back to cleaning my Desert Eagle.
  15. I need a book

    Interesting. Someone should do something about that.
  16. Mike, what are ya trying to say? That isn't clean? I'm not sure if the guy used a machine or a putty knife though.
  17. deck cleaning

    Mike you know you can be a real son of a bl**** bringing up that debate again! :growl: The product he is talking about probably is bleach based.
  18. Residential Housewash Sealers

    I use Sil-O-Wet from E-spec. It is a step above standard wax. It definitely forms a film on windows so you have to make sure they are very clean and well rinsed before you would apply. I have found it to enhance the color of worn siding and especially brick. Though that sounds great, be very careful with your dilution ratios. For some reason the product is very red in concentrate form. When I first started using it, I turned a couple of downspouts a nice pink color. You definitely have to downstream this stuff and it has to be done as a separate step after rinsing but. I put it on a brick retaining wall at the back of my property in May and it still looks great and repels water. Lou, got your message last night. I'll give you a holler sometime after 6 pm today. (Sunday)
  19. Graystone Paint Removal

    Paint removal can be a nasty mess. Most chemicals that are effective at paint removal you can't spread around or send down storm drains. On the commercial jobs (the few I do) I use products from Dumond Chemicals. On wood Peel Away 7. On concrete I like the Pel away 7. These products aren't cheap. Coverage is about 40 sf per gallon. The number 21 doesn't need the peel away paper and it doesn't leave shadowing like someother industrial strippers I have used. It is also much easier to work with than heavy duty caustics. To determine lead based paint grab a test kit on the internet. They are under $15.
  20. Same here on the removing Behr. I rarely have to go above 8 oz per gallon and that is when the sealer is relatively fresh. Any homeowner glancing at this thread.. Don't use any products from the big box stores, they all stink. Beth/Rod, fantastic job. I can envision that deck all restored. The homeowner is lucky to have you on site.
  21. I stick with one coat products like WT, Sikkens SRD and Deckscapes. The only reason I refrained from using WT exclusively this season was the lack of tinting. As far as cost.. The Wood Tux may cost you $150 per pail inclusing shipping. Cutting it with water 1:3 (water:sealer) the cost per gallon is $23. Adding in the fact that you can apply to wet wood and do a one day deck and blend custom colors makes the choice clear for me. Sorry for the hijack.
  22. I do a ton of cedar decks (unfortunately) and I have seen this happen a few times. I can't see how you could strip three boards without completely ruining the finish on the others. Pop the boards out (it looks like you can get under there), strip both sides and then seal both sides. If it happens again on both sides, show the homeowner hta the problem is with his lumber not the technique. Put the boards back on whichever side HE thinks look best.
  23. Wesley is right. Unless you have contracted commercial customers that are transferrable or signed maintenance agreements with homeowners it is going to be a hard sell.
  24. Raining cats and dogs

    Cat, you'l get to put your money where your mouth is this coming week. What's hitting CCPC is comin our way. It's gonna be a Wood Tux week.
  25. I'm a winner!

    Very Cool Lance. I hope Wimbush comes through for you. Sunday Night games means it's going to be broadcast. I wonder if we'll get to see you. I'd tell you to carry in a pressure wand so we know it's you but then again you might get shot for someone mistaking it for a rifle. I'm rootin' for ya man!
×