Freese, Peralez & Associates, LLC

Freese, Peralez & Associates, LLC Certified Public Accounting firm based out of The Woodlands, Texas and serving Greater Houston

Our mission is to provide clients with the best possible perspective to understand the challenges they face and the opportunities available to them. With a particular focus on taxation, FPA provides sophisticated tax planning and strategies to clients of all types and sizes.

Here's a question worth asking your CPA:"Are we registered, filing, and paying the right taxes in every state where we h...
07/18/2026

Here's a question worth asking your CPA:

"Are we registered, filing, and paying the right taxes in every state where we have employees, equipment, or revenue?"

For mid-market manufacturers, contractors, and developers doing business across state lines, nexus, the legal threshold that triggers a tax obligation in a state is one of the most commonly overlooked exposures in the business.

It's not just about income tax. Sales tax, franchise tax, and payroll tax obligations can follow your business the moment you cross a state line, move equipment, or hire a remote employee.
And if you're operating in multiple states without a proactive review of your nexus footprint, you may be accumulating exposure quietly, year over year.

This is the kind of risk that shows up either in a proactive review or in an audit.

FPA CPA works with mid-market business owners across construction, manufacturing, and real estate to identify and manage multi-state tax obligations before they become problems.

A free consultation with Tim Freese is a good place to start.

Opportunity Zones just became a permanent part of the tax code and the benefits got stronger.Here's what changed under t...
07/17/2026

Opportunity Zones just became a permanent part of the tax code and the benefits got stronger.

Here's what changed under the One Big Beautiful Bill Act that every real estate investor and developer should know:

✅ The program is now permanent beginning January 1, 2027.
✅ Capital gains held in a Qualified Opportunity Fund for five years get a 10% exclusion.
✅ Investments in rural opportunity zones get a 30% step-up in basis after five years.
✅ Gains deferred into a QOF are held for a five-year period with a 10% reduction to the originally deferred gain.

You only have 180 days from a qualifying sale to invest gains into a QOF. That clock starts at closing not when you get around to planning.

If you're considering selling a property, a business, or any appreciated asset, this conversation needs to happen before the transaction.

FPA CPA works with developers and investors to structure these decisions the right way.

Free consultation with Tim Freese, visit our website.

If your business owns the building it operates out of and you've never done a cost segregation study, you're likely depr...
07/16/2026

If your business owns the building it operates out of and you've never done a cost segregation study, you're likely depreciating on the IRS's timeline instead of your own.

The IRS defaults commercial property to a 39-year depreciation schedule. But a parking lot depreciates over 15 years. Specialty electrical, flooring, and HVAC can be reclassified into 5 or 7-year property.

A cost segregation study legally reclassifies building components into shorter-life categories, dramatically accelerating your deductions and improving cash flow today instead of over four decades.

Paired with 100% bonus depreciation now permanently reinstated a study done in the right year can generate significant first-year deductions.

This works for developers, contractors who own their yards and offices, and manufacturers who own their plants.

FPA CPA has helped mid-market business owners across construction, manufacturing, and real estate unlock this strategy.

Connect with us for a free consultation.

Building a new manufacturing facility? The tax code just gave you a major incentive.Under the One Big Beautiful Bill Act...
07/15/2026

Building a new manufacturing facility? The tax code just gave you a major incentive.

Under the One Big Beautiful Bill Act, businesses can now deduct 100% of the cost of a new qualified production facility in the year it's placed in service. That's not depreciated over decades. That's a full deduction, upfront.

For manufacturers investing in new capacity, reshoring operations, or expanding production space, this provision changes the financial math on those projects significantly.

The key word is qualified. Not every structure or space automatically qualifies. Production areas are the primary target. Warehouses and office space likely do not. Some hybrid spaces are still awaiting IRS guidance.

This is not a provision to guess on.

FPA CPA works with mid-market manufacturers to make sure provisions like this are captured correctly, documented properly, and actually show up in your tax outcome.

Reach out for a free consultation

There's a tax deadline in 30 days that most construction and real estate owners don't know about.Section 179D the Energy...
07/14/2026

There's a tax deadline in 30 days that most construction and real estate owners don't know about.

Section 179D the Energy Efficient Commercial Buildings Deduction, expires for projects that begin construction after June 30, 2026.

This deduction can be worth up to $5.80 per square foot on qualifying commercial improvements. HVAC, lighting, insulation, building envelope. On a 50,000 square foot project, that's potentially $290,000 in accelerated deductions, gone if your project misses the date.

If you have commercial work in your pipeline, now is the time to confirm your start dates, get the documentation in order, and coordinate with a CPA who understands construction.

At FPA CPA, this is exactly what we do for mid-market contractors and developers.

As we move into the second half of 2026, now is a great time to make sure your tax strategy is keeping pace with the lat...
07/13/2026

As we move into the second half of 2026, now is a great time to make sure your tax strategy is keeping pace with the latest changes.

Here are five updates every business owner should know:

1. Trump Accounts
Employers can now make deductible contributions toward eligible employee accounts, creating a potential new benefit for attracting and retaining talent.

2. Construction Contractors
The One Big Beautiful Bill Act expanded the small contractor exemption, increasing the expected contract completion period from 2 years to 3 years for qualifying businesses.

3. Short-Term Rental Planning
For qualifying properties, combining a cost segregation study with 100% bonus depreciation may create significant first-year tax deductions.

4. Payroll Reporting Changes
Employers with hourly employees should confirm their payroll systems are ready for the new 2026 W-2 reporting requirements for qualified overtime compensation.

5. Employer-Provided Meals
Beginning in 2026, employer-provided convenience meals are generally no longer deductible, making it a good time to review employee meal policies.

The businesses that plan during Q3 are often in a much stronger position by year-end.

If any of these topics could affect your business, visit our website and complete our contact form to schedule a complimentary discovery call.

Earlier this week, we shared how Trump Accounts may offer employers a new way to invest in their employees while creatin...
07/12/2026

Earlier this week, we shared how Trump Accounts may offer employers a new way to invest in their employees while creating a potential tax benefit.

If you're considering adding this benefit, there's one important rule to understand before rolling it out.

Employer contributions are subject to nondiscrimination requirements. In other words, the benefit generally cannot be designed to favor executives or other highly compensated employees.

A key part of the test compares the average benefit provided to highly compensated employees with the average benefit provided to other eligible employees.

One practical challenge is participation.

If relatively few hourly employees enroll, or many don't have eligible children, it could affect whether the plan satisfies the required testing, even if every eligible employee is offered the same contribution.

The good news is that thoughtful planning before implementation can help avoid surprises later.

If you're considering offering Trump Accounts as part of your employee benefits package, it's worth reviewing the plan design before announcing it to your team.

Visit our website and complete our contact form to schedule a complimentary discovery call.

If your business provides meals for employees, this is a tax change worth reviewing.Beginning in 2026, the One Big Beaut...
07/11/2026

If your business provides meals for employees, this is a tax change worth reviewing.

Beginning in 2026, the One Big Beautiful Bill Act generally eliminates the federal tax deduction for employer-provided meals furnished for the convenience of the employer.

That includes benefits such as:
• Job-site crew lunches
• Company cafeteria meals
• Break room food and snacks

Under prior law, these expenses were generally 50% deductible. Beginning in 2026, the deduction is generally 0%.

For construction companies and manufacturers with large workforces, this could have a noticeable impact on operating costs.

The good news is that there may be alternative approaches worth evaluating, depending on your business and workforce.

Now is the right time to review your employee meal policies and understand how these changes could affect your 2026 tax strategy.

Visit our website and complete our contact form to schedule a complimentary discovery call.

If your business has hourly employees, there's a payroll change you should be aware of before year-end.Beginning with th...
07/10/2026

If your business has hourly employees, there's a payroll change you should be aware of before year-end.

Beginning with the 2026 tax year, the One Big Beautiful Bill Act requires employers to separately report qualified overtime compensation on Form W-2 to support the new federal deduction available to eligible employees.

A new Box 12 code will be used for this reporting.

Here's the important part:
• Not all overtime qualifies.
• Only the overtime premium required under the Fair Labor Standards Act (FLSA) is reportable.
• Payroll systems must distinguish the overtime premium from regular wages and other forms of overtime pay.

For construction companies and manufacturers with hourly workforces, now is the ideal time to confirm your payroll system is configured correctly.

Making adjustments today is much easier than trying to fix reporting issues during W-2 season.

If you're unsure whether your payroll process is ready for these changes, we're happy to help.

Visit our website and complete our contact form to schedule a complimentary discovery call.

Real estate investors, this strategy continues to get a lot of attention for a reason.With 100% bonus depreciation now p...
07/09/2026

Real estate investors, this strategy continues to get a lot of attention for a reason.

With 100% bonus depreciation now permanently restored under the One Big Beautiful Bill Act, qualifying short-term rentals may provide significant tax planning opportunities.

Here's the basic idea:
• Properties with an average guest stay of seven days or less are generally not treated as passive rental activities.
• When paired with a cost segregation study and 100% bonus depreciation, qualifying properties may generate substantial first-year deductions.
• To benefit, you must materially participate and maintain thorough documentation of your involvement.

One important note: the IRS continues to closely review material participation claims, so accurate records are essential.

This isn't a strategy that fits every investor, but for the right situation, it can be a valuable part of an overall tax plan.
If you own or are considering purchasing a short-term rental, it's worth understanding how these rules could apply to your investment.

Visit our website and complete our contact form to schedule a complimentary discovery call.

Address

1095 Evergreen Circle, Suite #200
The Woodlands, TX
77380

Opening Hours

Monday 9:30am - 6pm
Tuesday 9:30am - 6pm
Wednesday 9:30am - 6pm
Thursday 9:30am - 6pm
Friday 9:30am - 6pm

Telephone

(832) 862-7300

Website

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