Construction CPA
The tracking and reporting requirements for the construction industry are complex – rules vary by state (and sometimes even by county) and by different levels and types of workers. Plus, contractors have to manage the day-to-day challenges of tracking things like costs, supplies, WIP reports, risk management (we could go on and on). From finding the best ways to track daily bookkeeping to completing your annual license renewal, our team has worked with a range of contractors to provide guidance in maintaining best practices that keep their businesses healthy & growing.
Construction CPA Services We Provide:
Outsourced CFO
We can assist with overseeing the budget and financial strategies, establish policies and procedures for internal control, review financial statement, and oversee tax planning strategies.
Job Costing
We can implement an automated job costing process. Having a better understanding of your expenses and allocation of resources will give you a competitive advantage when bidding on contracts and knowing which projects are most profitable.
Corporate & Multi-State Tax
Filing & Planning
Our tax team is well-versed in contractor-based filings. We will design a tax strategy to help you minimize tax and take advantage of credits, all while remaining compliant.
Tax Services
Tax Credit
Research & Development
We'll take the time to help you understand tax credits and incentives, as well as how to correctly identify & properly document the support for the credit. These incentives can provide significant cash flow to your business.
Multi-State Contractor’s License and Other Regulatory Agency Applications
We will track and file renewing forms for you.
Internal control analysis
Internal controls are defined as processes designed to provide reasonable assurance regarding the achievement of certain objectives (such as safeguarding Accounts Receivable & Payable). We can help you design & maintain them.
Outsourced Accounting
We have many cloud-based options to ensure your day-to-day accounting is well-kept.
CAS Services
Outsourced Controller
As your outsourced controller, we can assist with preparing financial reports, overseeing tax reporting and compliance, and handle more day-to-day duties than a CFO.
Financial Statement Audit, Review, & Compilation
Our team can perform the required assurance services for your company.
Assurance Services
Payroll Services
Using technology and our expertise, payroll goes from being a constant hassle to being a nealy seamless process for you and your employees.
CAS Services
Overhead cost rate audits in accordance with Federal Acquisition Regulations (FAR)
Technically known as a "indirect cost rate," this is the percentage of general expenses consultants can bill to contracting government agencies. It is the ratio of allowable indirect costs to total allocable direct labor costs.
Indirect Costs
Investment tax credit (ITC) analysis and support
Regarding the construction of energy property, we can help you establish the beginning of construction, continuity requirements, rules for transfer, & apply additional rules for the requirement of §48.
§ 48 IRS Publication
Testimonials
Construction Industry Resources
The Inflation Reduction Act: Revived §45L Tax Credit
2 Surprising Solutions to Issues the Construction Industry is Facing
Electric Vehicle Tax Credit: Is it Time to Buy a New Car?
4 Ways to Build Wealth with Real Estate
What You Need to Know About the New Leasing Standard
Advantages to Offering Retirement Plan Benefits
Nexus Sales Tax
