CONSTRUCTION

Are you taking full advantage of tax incentives for your infrastructure projects? Large-scale construction projects, such as roads, bridges, and utilities, may qualify for valuable tax credits, accelerated depreciation, and other incentives. We help you structure your projects to maximize available benefits, ensuring that you take full advantage of cost recovery provisions and tax credits like the New Markets Tax Credit (NMTC) or Opportunity Zone incentives. Our experts ensure that your infrastructure investments yield the maximum tax savings, contributing to the financial success of your project.

Are you managing sales and use tax effectively on construction materials and equipment? Construction companies often face confusion regarding the taxability of materials and equipment used on projects. We help you navigate the complexities of sales and use tax exemptions, ensuring that your purchases are properly documented and exempt from unnecessary tax liabilities. Our team also provides guidance on equipment leasing and rental agreements, ensuring that you don’t overpay in sales tax and maximizing your cash flow on every project.

Are you maximizing your tax savings with available construction industry-specific tax credits and deductions? We help construction firms navigate the complexities of tax planning and compliance, ensuring they take full advantage of available credits, such as the Section 179D Energy Efficient Building Tax Deduction and Research & Development (R&D) Tax Incentives. Our team assists with managing depreciation schedules for construction equipment, real estate, and improvements, ensuring tax savings are optimized. We also ensure compliance with state and local tax regulations, avoiding penalties while positioning your business for long-term tax efficiency.

Are inefficiencies in your operations driving up costs and slowing down profitability? We partner with construction companies to identify and eliminate inefficiencies across the entire value chain—from procurement and supply chain management to labor and resource allocation. By applying proven process improvement techniques and advanced analytics, we optimize resource utilization and streamline operations. We also work with clients to refine procurement strategies, negotiate better terms with suppliers, and introduce automation solutions to reduce overhead costs, ultimately improving your bottom line and profitability.

How can you ensure that your financial practices are compliant with industry regulations and free from material misstatement? We offer comprehensive auditing and assurance services for construction companies, including financial audits, compliance audits, and internal control reviews. By assessing the accuracy of your financial statements and confirming adherence to regulatory standards, we help protect against potential risks such as mismanagement or fraud. Our thorough audit processes provide stakeholders with confidence in your financial health, improving transparency and enhancing decision-making.

How are you managing the complexities of cost allocation across different construction projects? We assist construction companies in optimizing project accounting by accurately tracking job costs, direct and indirect expenses, and allocating overhead to improve profitability analysis. Through effective cost segregation strategies, we help identify tax-saving opportunities and ensure that costs are reported correctly, adhering to accounting standards. Our detailed project budgeting tools provide real-time visibility into project financials, helping you control costs, forecast profitability, and improve financial transparency.

Are you following the correct method for revenue recognition in your construction contracts? Under ASC 606, revenue recognition for construction companies can be complex, especially when using the percentage-of-completion or completed contract methods. We help businesses navigate these complexities by ensuring proper revenue allocation and recognition, consistent with accounting standards. Our experts work with clients to align their financial reporting processes with industry regulations, ensuring transparency, accuracy, and compliance in financial statements.

How do you manage the financial performance of multiple construction projects simultaneously? We assist multi-project construction firms with consolidated financial reporting, budgeting, and cash flow projections. By implementing a robust financial reporting system, we provide real-time insights into project performance, cost overruns, and profitability across all your projects. Using key performance indicators (KPIs) and customized dashboards, we help you stay on top of your financial performance, ensuring that projects remain on budget and are financially viable from start to finish.