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Construction


REH CPA has many clients in construction trades. We work with electricians, plumbers, roofers, general contractors, and many more.

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Why choose REH CPA for your construction business accounting needs

Why choose REH CPA for your construction business accounting needs

 In-Depth Industry Knowledge

  • Expertise in Construction Accounting: We know that the construction industry requires a specialized approach to accounting. Our team is well-versed in the complexities of construction accounting, including job costing, progress billing, retainage, and handling multi-phase projects. We provide strategic insights and practical solutions tailored to your specific needs.
  • Familiarity with Construction Regulations: We stay up to date with industry-specific regulations and tax laws affecting construction businesses, helping you stay compliant with state and federal requirements while maximizing tax benefits.

Job Costing and Project Profitability

  • Accurate Job Costing: Our team ensures that your project costs are tracked accurately from start to finish. By closely monitoring labor, materials, subcontractors, and overhead, we help you stay on budget, avoid overruns, and identify areas where you can improve profitability.
  • Project Profitability Analysis: We provide detailed reports that show the financial performance of each project, allowing you to understand margins, track costs, and make informed decisions on future projects.

Cash Flow Management and Financial Planning

  • Managing Cash Flow in Construction: Cash flow is critical in the construction industry. With progress billing, retainage, and varying payment schedules, it’s easy to run into cash flow issues. We help you create a strong cash flow management strategy that keeps your business running smoothly and ensures you can pay subcontractors, suppliers, and employees on time.
  • Financial Forecasting and Planning: We assist you with long-term financial planning, helping you plan for seasonal fluctuations in income, upcoming large projects, and major capital expenditures.

Tax Strategy and Compliance

  • Construction-Specific Tax Planning: Construction businesses face unique tax challenges. We help you navigate tax issues like sales tax on materials, subcontractor payments, and deductions for capital equipment. Our proactive tax planning strategies aim to minimize your tax liability and maximize your savings.
  • Compliance with Industry Standards: From tax filings to employee benefits, we ensure that your business remains compliant with all relevant tax laws, regulatory standards, and reporting requirements in the construction industry.

Experienced Team with a Focus on Service

  • Hands-On, Personalized Service: Our accounting professionals are dedicated to understanding the specifics of your business. We don’t just provide generic solutions—we build long-term relationships with our clients and offer personalized support every step of the way.
  • Responsive and Accessible: We understand that the construction business operates on tight deadlines. You can rely on our team to be accessible, responsive, and ready to address any questions or concerns quickly.

Financial Transparency and Reporting

  • Clear, Easy-to-Understand Financial Reports: We provide you with clear, comprehensive financial reports that are easy to interpret. You’ll have access to up-to-date financial data, so you can make informed decisions about your business’s operations and future projects.
  • Insightful Analysis for Decision-Making: We provide actionable insights that help you analyze the financial health of your business, evaluate project profitability, and make informed decisions about growth and expansion.

Audit Protection and Support

  • Audit Support: In the event of an audit, we provide expert support to guide you through the process. We handle all the documentation and work directly with the tax authorities to resolve any issues, ensuring minimal disruption to your business.
  • Risk Mitigation: Our team helps identify and manage financial risks, giving you peace of mind that your business is operating efficiently and within regulatory guidelines.

 

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