I-15 Express Lanes Project: Flatiron West, Inc. (“Flatiron”) requests quotes from Certified DBE Firms, Subcontractors and Suppliers for the following, but not limited to, scopes of work for the I-15 Express Lanes Project:

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Client Success Story: Pepe’s Inc

Congratulations to our client, Pepe’s, Inc, for being recognized by Hispanic Lifestyle as a picture1Hispanic Business that has “Survived and Thrived”.

Pepe’s Towing Service was established in March of 1978, by Jose and Delfina Acosta,

with one tow truck converted from a standard Ford 350 pick-up truck. In the early days, Pepe’s Towing Service served the community of Los Angeles and quickly earned the reputation of providing prompt and honest service at a reasonable price. As the business grew, Jose Jr. and Manuel followed in their father’s footsteps by taking an interest in the towing business.

In March 1997, Jose Jr. and Manuel became full-time employees bringing renewed energy and fresh ideas. The second Acosta generation developed an ambitious business plan to expand the area they serviced while maintaining the reputation of quality and reliability built with hard work by Jose and Delfina.

Today Pepe’s Towing Service, Inc. employs over 90 employees and owns a fleet of over 70 trucks, from light to super heavy duty, and includes specialized equipment to provide vehicle recovery in a variety of situations. They are headquartered in Colton, with yards located in Los Angeles, Riverside and San Bernardino Counties. Their clients include over 20 policing agencies, California Department of Transportation’s Freeway Service Patrol, business accounts and private vehicles owners. With over 100 years of combined towing service behind them, Jose Jr., Manuel and Lorenzo are prepared to continue the service and values established by Jose and Delfina Acosta.

Mr. Acosta first met with Karla V. Gonzalez, IE SBDC Business Consultant, over two (2) years ago to get guidance and assistance on contracting and expanding to new markets. Since the first initial meeting, Mr. Acosta and Karla meet regularly to go over the progress and expansion of Pepe’s Tow.

As a result of meeting with Karla, Pepe’s Inc has garnered federal and state certifications to conduct business with government agencies. Mr. Acosta has also successfully achieved increases sales and business success, which has generated new jobs in Southern California.

If you blow it…. Pepe’s will Tow It!! | www.pepestow.com

 

 

Small Business Week Awards 2017

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Home Energy System Loan Programs

Home energy system loan programs: Payments are not deductible real estate taxes

 

Some homeowners finance energy saving improvements through government-approved loan programs. The payments on these loans are collected through your tax bill, so they may appear to be deductible real estate taxes. However, the payments are not deductible real estate taxes. If you are such a homeowner, here are the details that may be important to you.

 

Generally, the loan programs have similar facts. You sign up for a home energy system loan and use the proceeds to make home energy improvements to your home. The home energy system loan is secured by a lien on your home.

 

You repay the principal and interest associated with this home energy system loan over some period agreed to in the documents you signed. This is billed to you through specific assessments, i.e., additional amounts due to the governmental entity. These specific assessments appear on your real estate property tax bill over the period of the loan.

 

Your real estate tax bill may not list the breakdown between principal and interest. However, in reality, the total amount due reflects an amount for principal repayment and an amount for interest expense, using the interest rate applicable to the loan. The documents you signed may list this breakdown.

 

As stated above, the amount that is billed to you through the specific assessment is not deductible as a real estate tax. This amount is not deductible because it is a specific assessment associated with a specific improvement benefitting your home. In other words, it is not in the nature of a general assessment. It is not similar to other typical real estate tax assessments that are levied against all real estate in your jurisdiction for more general governmental funding purposes, i.e., to fund public schools, fire departments, bridge construction projects, etc.

 

However, the interest portion of your payment may be deductible as “qualified residence interest,” i.e., home mortgage interest expense. Refer to Publication 936, Home Mortgage Interest Deduction, to see whether you might qualify for a deduction of home mortgage interest expense.

 

Additional IRS resources:

Go-Biz and Moreno Valley invite you to the California Competes Tax Credit Workshop

Register here: http://bit.ly/2fXLKECgo-biz-1