Our construction industry services group focuses on the specific needs of all types of construction companies.
We provide a full range of accounting, auditing, tax and consulting services designed specifically to meet the unique needs of the construction industry. Our group is comprised of audit, tax and consulting professionals with years of experience identifying issues and solving problems for hundreds of different construction companies.
The construction industry demands more than traditional accounting and tax services from certified public accountants. To meet your needs, we have developed proven services specifically for contractors.
Job Progress Reports - Crucial to a Surety's Evaluation
Your bonding company and lender will evaluate how much you've billed on a project versus cost and projected earnings. Your accountant's familiarity with and presentation of this critical information could dramatically improve your chances of obtaining a bond or credit. Sureties and lenders expect accurate and timely information, logical responses to inquiries and the participation of a respected accounting firm with knowledge of the construction industry.
Succession Planning - Keeping a Contractor Alive
Successful construction firms often are the result of the vision of just one or two individuals. This makes an effective and viable succession plan a must. Planning the transfer of a construction firm in advance can eliminate obstacles that frequently "kill" successful companies. We provide the options which overcome emotional, tax and business obstacles. The result is you receive the benefits of a well-planned buy-sell, redemption or succession plan which allows your business to continue on, while maximizing its value to your heirs.
Contractors often have the ability to use qualified retirement plans to build large nest eggs - tax deferred!!! You can benefit from our success in selecting and implementing the best plan for you. Our experience with the various options and ability to explain the costs and benefits clearly will help you to start building your nest egg now.
Sales and Use Tax
Contractors need timely and accurate answers to sales and use tax questions. Tax examinations and assessments can destroy your hard earned profit. Accurate bids require proper consideration of all applicable taxes. Our sales tax experts are often called upon by other professionals to solve sales tax issues. Let them solve your sales and use tax problems and help you avoid costly mistakes.
Software and Systems
Your bids, project management and bottom line all depend on accurate job cost information. We offer state of the art information systems selection and implementation, or a review of your current system to provide an evaluation and suggested improvements.
Here’s What Our Clients Have to Say
“Your firm’s advice and assistance in analyzing potential acquisition candidates, dealing with the IRS and DOL relative to our 401(k) Plan, Corporate structure and strategic planning have made the Anchin team an extremely valuable member of our team. We feel completely comfortable with the advice Anchin has afforded us. Anchin’s approach to problems and the resources that you have made available to us have been first-rate and are totally credible. Most of all, though, I appreciate the accessibility and focus on those matters which are so important to us.”
- Engineering Firm
“Our account has always been well serviced and in our times of need you have responded by producing our statements earlier than anticipated. In addition, your assistance with tax planning has been most helpful. Your knowledge of the tax laws pertinent to the construction industry has been a tremendous asset to our firm.”
- General Contractor
“Anchin has been added to our list of preferred CPA firms that we recommend to our contractors and their agents. The financial statement presentation your firm presents for its clients is one of the best in the business. Any surety would be remiss in not providing their accounts the name of Anchin as a CPA firm to consider. We look forward to dealing with your firm in the future and on a much more frequent basis.”
- Surety Company
“I want to express my thanks for completing our audit and personal financial statements so promptly this year. I appreciate the no-nonsense approach your staff takes in completing the audit and your responsiveness to our needs and requests. We consider you a valuable member of our team and look forward to many more years together.”
- Construction Company