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CONSTRUCTION
SPECIAL NEEDS REQUIRE SPECIAL SERVICES
We specialize in providing contractors with the specific financial management accounting, and tax needs of the construction industry. A few of the specialized services that we provide the construction industry are outlined below.
ACCOUNTING AND FINANCIAL MANAGEMENT
Our knowledge of the construction industry permits us to perform accounting and auditing for your firm's optimum profitability. The bonding agents and bankers who review your reports will obtain a clear understanding of your operations. Financial statements that accurately and properly show your company's financial strength are especially important to your profitability. Your financial statements determine whether you'll be bonded whether you can support your claims and change orders, whether you'll meet government regulation, whether you'll need financing or refinancing. As members of your advisory team, we'll work with you to prepare your financial statements and explain your financial condition to surety agents, bonding companies and lenders. In addition, as experienced business advisors, we are qualified to advise you on sound organization structure and management goal. Among our specialized services, we can:
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Review your internal reporting systems and controls to improve productivity and provide meaningful and timely management reports.
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Design accounting systems and computer systems for your unique needs
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Perform management reviews
SURETY AND BONDING ASSISTANCE
It's vital for a construction company to have a good relationship with bonding agents and surety companies. We can assist by introducing you to these professionals. After you've established a relationship with a surety or bonding broker, we can help you assemble winning presentation packages, including both the detailed financial and operational information sureties demand today. We'll help you:
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Choose a surety or bonding agent that has experience with your size and type of contracts
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Structure a program to increase your bonding capacity
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Assist in negotiating lines of credit with bank
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Obtain credit references and trade references for your company
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Prepare the cost records and financial statements that bonding organizations typically require
TAX PLANNING
Recent changes in tax law make it more important than ever for contractors to get tax planning advice throughout the year, not just at year end. Tax planning is more than simply filing the necessary forms at the right time. We can examine your company's specific needs and then draw up a tax strategy that will minimize or defer your tax liability and kelp you achieve your business objectives. Among other tax planning services, we can offer you advice on:
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Developing comprehensive income tax management strategies
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Interim and year-end tax projections
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Income and estate planning for executives and business owners
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Analysis of sales, use, excise and personal property tax savings
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Tax preparation
MANAGEMENT ADVISORY SERVICES
You want to make your company highly profitable now, but you also want to ensure its future profitability. We can help you with long-term planning. By setting goals and action steps today, your future will be more secured. For example, you will identify new business to enter and select future leaders and managers. We have experience advising construction companies in the following areas:
THOMAS G. KOBER, CPA
Certified Public Accountant
Thomas G. Kober heads up the construction division of the firm. He has over 23 years experience in dealing with various types of construction contractors. Tom was the treasurer of the Long Island Chapter of Construction Financial Management Association as well as a Board Member.
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