Industries

Architecture & Engineering

 

With a deep and diverse client base of A&E firms, including many nationally-prominent firms as well those with an international presence, we’ve built a large practice dedicated to the industry. We have brought together a team of highly qualified accounting, tax and advisory professionals specifically focused on the architecture & engineering industry. Our A&E specialists know the industry inside and out, enabling us to provide unparalleled industry expertise combined with the highest level of personal attention.

Our tax specialists help to uncover substantial tax savings for clients. Opportunities such as Research and Development (R&D) tax credits, Employee Retention Credits (ERC) and others provide added value to our A&E clients. These tax savings positively impact our clients’ cash flow.

Our specialized expertise in the industry enables us to provide clients with a unique perspective on their business. We consult with clients on best practices in the industry as well as benchmarking analysis of key performance indicators to identify areas for improvement. In addition, we provide value added advisory services including evaluating internal controls, operational reviews, succession planning, and identifying and developing the next generation of leaders, and key employee retention and attraction. We work with you to overcome today’s challenges and develop the right plan for the future. As the industry evolves, opportunities arise and A&E owners need a firm like Anchin with specialized industry expertise.

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TAILORED SERVICES

Services include:

  • Financial reporting
  • Federal Acquisition Regulation (FAR) audits
  • Tax planning and strategies
  • Research and development tax credits – Federal and State
  • State and local taxation
  • Sales and use taxation
  • International taxation
  • Operational reviews
  • Employee retention & attraction
  • Succession and transition planning
  • Mergers and acquisitions
  • Regulatory compliance and investigations
  • Estate planning
  • Anchin Executive Network (AEN)
  • Profit enhancement (CostMarc)
  • Cybersecurity (Redpoint)

RESEARCH AND DEVELOPMENT

Research and Development  Many taxpayers tend to regard “R&D” as an activity associated solely with high-tech, biotechnology and pharmaceutical companies. However, patents, pilot models, processes, techniques and other work conducted by architects and engineers can qualify for these credits. A&E firms can be eligible for a credit based on their qualified research expenditures, but identifying the amounts and calculating the credit requires special knowledge.

These credits are available at both the Federal and State levels. Anchin’s R&D team of experts work closely with A&E firms to enable them to benefit from these opportunities and to simplify the often complex process of obtaining credits.

Succession & Transition Planning

Anchin advises clients on succession planning to ensure the continuity of the company for years to come. Planning in advance for the continuity of your firm can assure the realization and continuation of a lifetime’s work and dreams. Whether it’s developing your own people, acquiring a firm to fill a talent need, or a sale, Anchin has the industry expertise to greatly assist you.

When we help firms with success planning, it involves advice on:

  • Ownership transition
  • Leadership development and transition
  • Talent retention and incentive compensation strategies
  • M&A advisory services – buy-side and sell-side

In the A&E industry, there are special considerations for licensing issues including alternatives for Design Professional Corporations, Grandfather Corporations and ESOP evaluations, and our experts can assist in all of these areas.