Construction & Contractors CPA Services
Master the complex financial requirements of construction with specialized accounting services for contractors and construction companies.
Specialized Accounting for Construction & Contractors
Construction companies face unique accounting challenges including job costing, work-in-progress reporting, bonding requirements, and complex tax issues. Our construction-focused CPA services help contractors track project profitability, manage cash flow, and maintain the financial reporting needed for bonding and growth.
Common Challenges
- •Accurate job costing and project profitability tracking
- •Work-in-progress (WIP) reporting and revenue recognition
- •Managing cash flow between project payments
- •Bonding and surety requirements
Our Solutions
- ✓Advanced job costing systems for project tracking
- ✓WIP reporting for accurate financial position
- ✓Cash flow forecasting and working capital management
- ✓Financial statements for bonding applications
Comprehensive Services for Construction & Contractors
We understand the unique financial needs of the construction & contractors industry
Why Construction & Contractors Businesses Trust Us
With former IRS management experience and deep industry knowledge, we provide unmatched expertise for construction & contractors businesses.
IRS Audit Protection
Former IRS manager knows exactly what auditors look for in construction & contractors businesses
Industry-Specific Tax Savings
We know every deduction and credit available to construction & contractors businesses
Growth-Focused Strategies
Financial planning designed to scale your construction & contractors business
Get Your Free Construction & Contractors Tax Analysis
Construction & Contractors Industry FAQs
Q:What is job costing and why is it important?
A: Job costing tracks all costs (labor, materials, equipment, overhead) for each project. This allows you to determine actual profitability per job, identify cost overruns early, and make better bidding decisions on future projects.
Q:How do you help with bonding requirements?
A: We prepare the detailed financial statements and working capital analysis that bonding companies require. Our reports demonstrate your financial capacity and help you qualify for larger projects and higher bonding limits.
Q:What construction tax benefits are available?
A: Construction companies can benefit from Section 179 equipment deductions, bonus depreciation, R&D credits for process improvements, and Work Opportunity Tax Credits. We also help structure contracts to optimize tax timing.
Q:How do you handle percentage-of-completion accounting?
A: We implement percentage-of-completion accounting for long-term contracts, ensuring accurate revenue recognition and compliance with accounting standards. This provides a true picture of your financial performance throughout project cycles.