Construction & Trade Contractors

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 include accounting and financial management, surety and bonding assistance, tax planning and management advisory services.

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 and 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 goals. Among our specialized services, we can:

  • Review your internal reporting systems and controls to improve productivity and provide meaningful and timely management reports
  • Design accounting systems and computer systems for your unique needs
  • Perform management reviews
  • Determine and apply overhead or equipment rates

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:

  • Choose a surety or bonding agent that has experience with your size and type of contracts
  • Structure a program to increase your bonding capacity
  • Assist in negotiating lines of credit with the bank
  • Obtain credit references and trade references for your company
  • 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 help you achieve your business objectives. Among other tax planning services, we can offer you advice on:

  • Developing comprehensive income tax management strategies
  • Interim and year-end tax projections
  • Income and estate planning for executives and business owners
  • Analysis of sales, use, excise and personal property tax savings
  • 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 secure. 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:

  • Strategic planning
  • Operational reviews
  • Executive compensation and fringe benefits
  • Business continuation planning