Construction

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Managing a construction company is demanding, often requiring management’s continuous consideration to every facet of the business. Construction companies must create successful relationships with bonding companies, banks and clients; comply with special tax regulations that apply to the construction industry; implement complex job cost accounting and reporting systems; display expertise in personnel issues; and make difficult financial and business decisions.

Sarsson Consulting’s construction practice reflects the major segments of the industry including general contractors, specialty trade subcontractors, building material suppliers, and architect and engineering firms. Our experience with construction contractors has given us a unique insight into the issues impacting this industry. From percentage of completion accounting and alternative minimum tax calculations to assisting clients in securing financing and bonding, we provide the full scope of services to this complex industry. Sarsson Consulting professionals are current on all operational, accounting and tax issues related to this industry.

we provide the construction industry include:

  • Preparation of compiled, reviewed or audited financial statements conforming to presentation preferred by sureties and banks
  • Assistance in obtaining financing, including compiled forecasted or projected statements of income and cash flow and personal financial statements
  • Job cost systems evaluation and design
  • Valuation of construction businesses
  • Business succession planning
  • Tax planning services designed to minimize income taxes using various tax methods specifically available to contractors
  • Preparation of all business tax returns including corporate and partnership filings
  • Preparation of accounting and tax “physical” to determine if appropriate and most advantageous accounting and income tax guidelines are being utilized
  • Cost segregation
  • We are very pleased that we hired Sarsson Consulting to be our accounting firm. Two years ago, we had hired another firm that was supposedly an expert in our field. The accountants they sent to work on our account had no idea about our industry and caused us a lot of distress with our bankers. It’s a much better story with Sarsson Consulting. The Sarsson Consulting partner and staff assigned to our firm were really professionals and you could tell that they had the expertise to handle the complexities of our accounting. Needless to say, our bank is now very pleased with our financial reporting.