
Construction
Helping you build your business, so you can help others build theirs
Construction professionals require a complete understanding of the industry. Key financial areas for construction companies include income recognition, taxation of work in process, job costing, bonding requirements, certified payroll, and prevailing wages. Recognizing this, we continually focus on developing specialized services for the construction industry.
Types of Construction Contractors We Serve
At Trout CPA, we understand that different contractors have unique financial needs. Our Construction Industry Group provides specialized accounting, tax, and advisory services tailored to a wide variety of contractors, including:
General Contractors
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Residential Builders
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Commercial Contractors
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Industrial Construction Firms
Specialty Trade Contractors
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Electrical Contractors
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Plumbing & HVAC Contractors
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Roofing, Masonry, Drywall & Painting Specialists
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Flooring & Tile Installers
Sitework & Infrastructure Contractors
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Excavation & Grading Companies
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Concrete & Paving Contractors
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Demolition Specialists
Our commitment to the construction industry includes active involvement in specialized associations such as:
Our depth of experience, not only in the construction industry but also with family-owned businesses, allows us to provide you with valuable insights. We have extensive experience with construction companies at every stage of their life cycle. We have Certified Construction Industry Professionals (CCIFPs) who understand the circumstances and opportunities unique to the construction industry.
Tax Services for Construction Companies
- State & Local Tax (SALT)
- Sales & Use Tax
- Tax planning and preparation
- Tax resolution
- Research and Development (R&D) Tax Credit
- Industry specific tax deductions and credits
- Tax deferred exchanges
- Tax minimization strategies
- Depreciation strategies
- Cost Segregation Studies
- Payroll and Employment Tax
- Estate and Gift Tax planning
- IRS audit assistance
Assurance Services for Construction Companies
- Financial Statement preparation
- Forecasts and projections
Advisory Services for Construction Companies
- Management advisory
- Lease vs. purchase analysis
- Cash flow analysis
- Benchmarking
- Employee Benefit Plan Advisory
- Ownership buy-in / buy-out
- Sales & Use Tax consulting
- Financial due diligence
- Income Tax Nexus Studies
- Entity formation and selection
- Entity structure analysis
- Internal Control Studies
- Financing assistance
Outsourced Accounting for Construction Companies
- Payroll assessment and administration
- Selection, implementation, and operation of accounting software