AAFCPAs’ construction team has specialized insight and industry knowledge to help you reduce costs and improve profitability in a fiercely competitive market.

Community and economic development

Audit, Tax & Consulting for Construction Companies

Effective business planning is essential in order to improve bottom line profitability, and build a more valuable construction business. Construction company executives require ready-access to reliable financial data, and must interpret this data at all stages of project management to run their businesses more effectively.

AAFCPAs takes a pragmatic approach when recommending proven tax strategies, and financial and operational solutions for our construction clients. We deliver reliable and ready-access to financial data and provide guidance on interpreting this data at all stages of project management enabling construction company executives to run their businesses more efficiently and profitably. Our team’s pragmatic advice comes from our 300+ member CPA and consulting firm, global network, and 45+ years of proven expertise.

Exceptional value audit/assurance, tax and advisory solutions for construction companies include:

Tax Planning & Compliance

  • Tax minimization strategies
  • Preparation of corporate federal and state tax returns
  • Integration with owners’ and/or executives’ personal tax situations
  • State and Local Tax (SALT) considerations
  • Compensation Strategies: Wages, distributions, or a combination of the two
  • Income leveling: Lower tax brackets through leveling
  • Deferral: Cash basis, completed contract, short term contract, retainage, less than 10% complete, and residential
  • Continuous research and analysis of opportunities to maximize federal and state tax credits
  • In-house tax consulting strategists with expertise in trust, estate, owner related issues, and other legal matters that may impact construction businesses and/or owners

Profit Enhancement Solutions

Audit/Assurance Solutions

  • Audits, Reviews and Compilations of Financial Statements
  • Management Assertion Testing
  • Internal Audits
  • Pension and Benefit Plan Reviews and Audits (ERISA)
  • Financial Forecasts and Projections
  • Internal Controls Review and Design
  • Due Diligence on Acquisitions and Divestitures
  • Customized Assurances Services
  • Efficient and non-disruptive to your business
  • Meaningful information extracted from the audit process to increase profits
  • Network connections – credibility with lenders, attorneys, and insurance brokers
  • Our Business & IT Advisory services department is available to review your IT controls and assurance to streamline procedures in your construction and accounting processes.

The construction industry is richly diverse and dynamic, and AAFCPAs’ construction team has specialized insight and industry knowledge to help you reduce costs and improve profitability in a fiercely competitive market.

What our clients say:

“Since inception, AAFCPAs has proven to be a valuable, integral CPA partner for Sterling Construction across multiple facets.  Complementing their exemplary tax and assurance expertise, AAFCPAs provides impressive advisory support, helping elevate the clarity, impact and value for our bonding agent.  Similar to Sterling Construction, AAFCPAs takes a hands-on, deep dive approach to everything they touch, resulting in a true understanding of our market, business and specific accounting needs.  We look forward to a long relationship as our businesses evolve together.”

Sterling Construction, Inc. | Andrew Colameta, President