Real Estate and Construction
Accounting, tax and assurance for contractors, developers and property owners who need reliable numbers for lenders, sureties and growth.
Built on Accurate Numbers
Construction and real estate run on long timelines, large dollars and other people's money. Lenders, sureties, partners and investors all want to see financial statements they can rely on, and a single project that runs over budget can change the year.
We work with general contractors, trade contractors, builders, developers and property owners on job costing and work-in-progress reporting, financial statements for bonding and financing, and tax planning around depreciation, entity structure and property transactions. The goal is clear numbers on every job and a tax strategy that keeps pace with your growth.
What We Do
Job Costing and WIP Reporting
Work-in-progress schedules and job cost reporting that show which projects are making money and catch overruns early.
Financial Statements for Bonding and Financing
Audits, reviews and compilations that meet the requirements of your surety, lender and project partners.
Tax Planning and Accounting Methods
Choosing the right accounting methods for long-term contracts, and planning around depreciation, credits and entity structure.
Real Estate Transactions
Planning for acquisitions, sales, like-kind exchanges and cost segregation studies so you keep more of the return.
Outsourced Accounting
Bookkeeping, monthly close and reporting for contractors and property portfolios, handled for you or alongside your team.
Learn More About Financial Statement Audits
Audits and reviews that give lenders, sureties and partners confidence in your numbers.
Learn More About Business Tax
Tax planning, compliance and credits for owners and their companies, with an eye on the owner's personal return.
Who Is This For
- General contractors and trade contractors
- Home builders and remodelers
- Real estate developers and investors
- Property owners and managers with multiple entities
- Owners preparing for bonding, financing, a sale or a succession
Who You Will Work With
Your team brings audit, tax and accounting experience together, so the people preparing your bonding statements also understand your tax position and your plans for the next project.
Frequently Asked Questions
Why do sureties and lenders ask for CPA-prepared financial statements?
Bonding capacity and credit lines are based on your financial strength. Sureties and lenders typically require reviewed or audited statements, often with a work-in-progress schedule, because they give an independent view of your balance sheet and how your jobs are performing.
What is a work-in-progress schedule?
A WIP schedule compares the costs incurred and amounts billed on each open job with the estimated total contract. It shows whether you are overbilled or underbilled, and it is one of the first documents a surety or lender reviews.
Which accounting method should a contractor use for long-term contracts?
It depends on your size and the type of work. Some contractors can use simpler methods for tax purposes, while larger contractors are generally required to use the percentage-of-completion method. The right choice can change when and how much tax you pay, so it is worth reviewing as you grow.
How can real estate owners defer or reduce taxes on a sale?
A like-kind exchange can defer gain when you reinvest in other real property, and a cost segregation study can accelerate depreciation on property you own. Read more about deferring taxes with like-kind exchanges.
Where are your construction and real estate clients located?
Our office is in Media, PA. We work with contractors, developers and property owners across Delaware County, Greater Philadelphia, South Jersey and Delaware, and nationwide.
Building or investing in real estate?
Let's talk about your jobs, your properties and what your lenders need to see.
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