Construction CPAs & Advisors

Contractors, home builders, engineering firms, real estate companies …they all have specialized accounting and income tax rules to follow. Contractors working across state lines also have additional income and payroll tax liabilities in those states. You want to make sure you’re taking full advantage of the numerous special deductions, credits, excise taxes and other elections available.

As experienced accounts specializing in the construction industry, we are well versed in the details of construction tax issues. We will help you select the best accounting method to help delay reporting income, deferring tax and more. By taking advantage of the tax breaks available to you, you can minimize your tax burden while maximizing your cash flow.

• Business Tax
• Individual Tax
• State and Local Tax

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Construction accounting, reporting and software are complicated. There are many methods of accounting that can be used in your industry. And you have multiple construction jobs running simultaneously, with each job requiring you to monitor its budget, cash flow, job progress, expenditures… It’s almost like running several businesses at once.

So it stands to reason that construction accounting involves much more than debits and credits. Do you have the tools and reporting you need? And do you really understand how to read them (and the story they are telling you)?

As knowledgeable construction CPAs, we can help you with these and other complexities you encounter. We invite you to leverage our expertise to help run your business better and more profitably.

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When bidding and obtaining a bid bond for a proposal, time is of the essence. The last thing you need is a delay caused by a CPA unfamiliar with the importance of responding quickly to bid-related requests—or a communications gap between you, your CPA, your bonding agent and the surety. You also don’t want to have difficulty explaining your financial statements to surety professionals.

Timely, clear and consistent financial communication with your bond agent and surety underwriter is critical to maintain or increase your bonding capacity so that you can continue to replenish and grow your backlog.

Our construction CPAs can help paint your financial story in the best light and make sure there are no misunderstandings. We understand the surety underwriting process, and we can effectively bridge the communication and knowledge gaps between your company and other parties.

With the growth in new construction, many construction companies face an increasing need for qualified workers—from general laborers to plumbers, masons, electricians and other skilled tradespeople. If you don’t have a qualified workforce, you have a delay on the job that costs you time and money.

As a result, many construction companies are turning to outsourced human resources service providers to address their needs. From recruiting and retention to long-term personnel planning, external HR consulting helps firms like yours find and retain qualified employees to jobs done faster and better.

Our HR Solutions team brings decades of combined experience to your company so that you can find the right help for your jobs. We can also show you how to stay in compliance with ever-changing employment regulations and safety requirements in order to protect your company from costly lawsuits and state and federal penalties.

From a one-time consult to a consistent HR presence, we have a solution for every firm.

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Juggling several projects is a challenge unto itself, with multiple teams, budgets, job cost reports and more. But when you add obstacles such as redundant processes, wasted efforts and lack of quality control, it can cost you time and money.

Streamlining and properly managing your construction firm’s operations allows you to better utilize your resources—so you can successfully add more jobs while managing the projects you already have. Our team applies Six Sigma principles to analyze your processes and develop sustainable solutions that work for you.

In one case, we helped a large commercial general contractor reduce its financial closing and reporting process from 60-90 days down to just 15 days on a monthly basis. Not only did this help the company reverse a decline in gross profits and net income, but it also resulted in more reasonable staff hours and increased employee morale.

Imagine what we could do for you!

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In construction, families and key management team members often work together and stay in business for decades. So it’s expected that a construction company will continue operating long after the founder retires. Yet many owners have no transition plan established.

Leaving the helm might seem like a long way off, but time moves quickly and life (like projects) doesn’t always go as planned. A written transition plan ensures that your vision for your firm is fulfilled and protects your family, your employees, and your customers.

We have the construction transition planning knowledge to help contractors prepare for an expected (or unexpected) transfer of ownership. By drafting a written plan documenting the steps to be taken when the time comes, you and your team will have peace of mind knowing that nothing is left to chance.

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Your IT network is the backbone of your company, providing you with quick access to vital information about any given job—whether you’re in the office or on site. It allows for timely communication and secure data. Without a sound network, you wouldn’t be able to operate. So you need a technology provider who can keep it running.

Our technology solutions consulting department helps construction companies and engineering firms with everything an in-house IT department might handle—from routine troubleshooting, maintenance and equipment installation to long-term technology planning and employee training. As a Microsoft Gold Certified Partner, we keep up with the latest developments and technologies to make sure our clients’ networks remain up to date and secure.

Whether you need a single consultation or a full complement of managed IT services, our team is ready to keep you connected:

• • Managed IT solutions
  • Break-fix support
  • Security & data protection
  • Backup & disaster recovery
  • Email, messaging & collaboration
  • Network planning & design

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Managing investments, assets, retirement, risk and taxes can be so confusing and overwhelming that many people choose not to think about it at all. That might be easier in the short term, but it won’t get you any closer to meeting your long-term financial goals.

The best way to build your financial future is to work with an advisor who understands the blueprints. Our construction CPAs know the sacrifice it takes to achieve your goals, and we have the knowledge to make them a reality.

We partner with Avantax Financial Services, a national wealth management company that works with a wide range of clients. Together, we provide the experience, knowledge and connections you need to make sense of the details and achieve your dreams. You can think of us as your financial GPS.

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There are lots of moving parts to run a successful construction company. Growth often means changes in people, facilities, financing, overhead and more. And your clients and competition require you to evolve and strategize for the near and distant future.

Preparing for such change requires investigation and planning, or you risk your financial security—and with it your ability to secure surety bonds, financing or growth. Having advisers with years of experience in the construction industry is the first step in ensuring your lasting success.

The construction CPAs at James Moore can assist you with the many aspects of your business operations. We can also advise you on how to structure major transactions to minimize their impact on your financial position and bonding capacity. Get what you need to grow and thrive.

• Operational Excellence
• Due Diligence

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