Construction
The construction industry necessitates specific knowledge that not every CPA firm is equipped to handle. At A+P our team stays informed of the most current industry developments, regulations, trends, and applications. We are aware of the unique challenges that the construction industry faces, and we are prepared to partner with you to implement long-term solutions and help you stay ahead.
A few of those that we serve:
We provide services to those across the industry including:
- General Contractors
- Subcontractors
- Commercial and Residential Contractors
- HVAC and Plumbing Contractors
- Highway and Heavy Machinery Contractors
Challenges you may face:
The construction industry is cyclical, subject to income tax rules, and requires specialized financial reporting. Some of the many accounting challenges that those in construction may face include:
- Ownership and management succession issues
- Economic changes
- Cash flow management
- Insurance and bonding requirements
- Labor issues
- Job/WIP schedule
Ways A+P can help:
We offer clients both maintenance and advisory services to help you build your business.
- Financial Statements. We perform compilation, review and audits in accordance with Generally Accepted Accounting Principles to satisfy bonding and lending requirements.
- Long-term Contract tax reporting. We can assist in determining most efficient allowable tax reporting method to maximize after tax cash flow.
- Tax Preparation & Compliance. With proper tax preparation, you can take advantage of all deductions available to you and minimize your tax burden so you can increase your bottom line.
- Cash vs. Accrual Tax Reporting. We help you navigate the different overall tax reporting methods.
- Job Cost Analysis. Analyzing job costs can help you plan for success by being prepared for the costs projects accumulate and letting you know whether or not they are profitable.
- Business Transition Planning. Preserve the value of your company when exiting your business by leaning on your certified public accountant to help you develop an effective exit strategy.
- Cash Flow Management. The construction industry commonly struggles with cash flow. We can analyze your finances to determine the cash flow of your company so it can maintain good financial health.
- Tax Planning and Projection. With proper tax planning, we help manage the impact of tax liability and determine efficiencies that will help improve long-term net worth.
- Entity Structure Optimization. We can help advise structuring for optimal tax efficiency.
A+P is committed to empowering construction industry professionals with the financial insight and strategic support necessary to not just survive but thrive in this demanding sector. Let us be your dedicated partner in achieving enduring success through tailored financial solutions and expert guidance.
