In order to better service our clients, we’ve dialed in to very specific industries where we focus our efforts. This has allowed us to gather experience and expertise in your unique industry, which gives us the leverage to support your business every step of the way. Below are the industries we specialize in working with.

Construction & Trade Contractors

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

Real Estate, Rentals & Leasing

We have served the real estate industry for over 30 years. We have a solid track record of serving commercial and residential real estate owners, developers, builders and property managers. We help our real estate clients meet the challenges and maintain their competitive edge in this constantly evolving market. With our insight we help guide you to long term success and increased profitability. We offer the following services:

  • Audit and assurance services for owners, managers and developers
  • Joint venture audits and reviews
  • Management of the external audit process
  • Cash flow analysis
  • Escalation and CAM charge calculations
  • Lease audits
  • Debt covenant review
  • Certification of income and expenses for tax protests

Manufacturing & Distribution

Operating a successful manufacturing and distribution business is more complicated than ever. We understand the tough issues manufactures face such as rising labor and production costs, increased competition and shrinking profit margins. We know the special challenges the manufacturing and distribution industry face. We specialize in finding incentives and tax credits. Most businesses must focus on their operations, as a result, much of these benefits go unused. For over 30 years, we have been looking out for the success of our clients in the manufacturing and distribution industry.

Accounting and Financial Management

In this environment, manufacturers and distributors must rely on objective proven guidance to meet challenges and maximize profits. We have a track record of providing this guidance. Our services include:

  • Audits, reviews, or compilations of financial statements
  • Budgeting and cash flow projections
  • Inventory control
  • Process costing and overhead application

Tax Advisory Services

Proactive tax planning is the cornerstone of our practice. The integration of your individual and corporate tax planning is critical to your success. We pay particular attention to whether you are taking advantage of tax credits and incentives. Our services include:

  • Tax planning and projections
  • Federal and state tax credits
  • Tax compliance
  • Analysis of sales and use taxes

Management Advisory Services

In addition to accounting and tax services, we can assist you in evaluating and understanding your business and improving your bottom line. We can provide the following:

  • Profitability by product line analysis
  • Financing options
  • Cost segregation studies

Restaurants & Hospitality

We have the combination of experience and creative ideas to help restaurants navigate the strains of managing their accounting, bookkeeping, and tax obligations. Our solutions-based approach includes specialized accounting services and intensive tax planning strategies geared towards the needs of restaurants, bars, and those in the hospitality industry. From tip reporting and cash flow management to internal control upgrades and much more, we have proven methods for streamlining operations and enhancing profits.

Our accounting services are all about saving time, saving money, and improving overall business performance. We deliver organized financial reports that systematically outline revenues and expenses so you can easily see where to cut costs. We’ll also work hard to monitor all your daily financial transactions, create a practical budget, and will make ourselves available to answer important financial questions. To minimize taxes that can eat into your profits, we create a tax plan to keep your business compliant with current laws while ensuring you never pay more than regulations require.

Here are some of the accounting services we offer for the hospitality industry:

  • Specialized restaurant accounting solutions
  • Strategic tax planning and tax preparation
  • Payroll services
  • Budgets and financial projections
  • Improvements for internal controls
  • Financial reporting
  • Tip reporting
  • Outsourced accounting and bookkeeping
  • Cash flow analysis and management
  • QuickBooks™ support
  • Incorporation and new business advisory

Local & Government Entities

Financial reporting for governmental entities is becoming more and more complex. Accountability of business managers and financial professionals in the government sector has never been higher. We are here to help navigate this ever-changing environment. With over 30 years of experience and in-depth knowledge of Office of New York State Comptroller requirements, we can provide the following services:

  • Audits of financial statements
  • AUD reports
  • Internal auditing services
  • Management of the external audit process
  • Financial statement preparation
  • Single audits
  • Budgeting
  • Internal control review

We provide these services to:

  • Fire districts and departments
  • Villages
  • Library districts
  • Sanitation districts
  • Water districts

Healthcare & Medical Business

In addition to accounting and tax services, we can assist you in evaluating and understanding your business and improving your bottom line. We can provide the following:

Industry knowledge, insight and expertise enable us to assist you with your healthcare business needs. Time is a luxury to most healthcare providers. Let us help you be successful. Our experienced and dedicated professionals can provide you with the following services:

  • Revenue enhancement
  • Cost control
  • Business organization and operations
  • Accounting and assurance
  • Tax compliance and planning
  • Start up assistance

Professional & Technical Services

We have been assisting professional service providers for more than 30 years. We have the knowledge and expertise to help you and your organization succeed. We take the burden off you by concentrating on your business needs so you have more time to service your clients. In addition to our traditional services we offer the following services:

  • Outsourcing – supplement or complement your internal accounting or leave it to us
  • Escrow or trust accounting
  • Managing cash flow or overhead
  • Benefit plan implementation
  • Review of partnership, shareholder or operating agreements

Reconciliation of client disbursements

Not-For-Profit Organizations

Not-for-Profit Organizations have been a major part of BMKR, LLP’s client base since formation in 1977. Schools, churches, health and welfare organizations, professional groups and homeowners’ associations have all been served by our professional staff. Our approach is to work closely with management and the board of directors thereby ensuring that our efforts help the organization reach its goals. We can provide you with the following services:

  • Audit and accounting
  • Income tax and information return preparations
  • Accounting system and internal control development
  • Budget preparation
  • Loan and grant application assistance
  • Development of programs for charitable giving