We believe experience counts!  The firm's Directors are experienced and trained in construction, accounting, and taxation, and since our clientele are comprised mostly of construction companies, we have practical experience as well.  They maintain a minimum of forty hours of continuing professional education, annually, to remain abreast of the newest accounting and tax changes.  The firm can also draw on a network of construction industry specialists as well as valuable in-depth research tools, should the need arise.

Requirements for financial statements for contractors are different from those for other businesses.  Financial statements for long-term construction contracts meeting certain criteria should be prepared in compliance with Accounting Research Bulletin 45, Long-Term Construction-Type Contracts.  Also applicable is Statement of Position 81-1, Accounting for Performance of Construction-Type and Certain Production-Type Contracts, which provides guidance on implementation of ARB 45.

We understand the requirements of those published guidelines and can assist you in proper presentation and analysis of your financial data.  As part of the regular accounting service provided, we also include additional accompanying data in graph, ratio, and table format.  This data reflects key elements and trends in the financial data to assist in managing your business.

Our firm performs all required standard accounting services, including the traditional audits and reviews of contractors, and their related businesses.  We can assist in the following areas:

                                       Audits, reviews, and compilations
                                       Capital and operating budgets
                                       Equipment costing
                                       Financial statement review and analysis
                                       Income tax reporting systems
                                       Job costing systems
                                       Overhead analysis

In summary, we can help you make the proper presentation of your financial statements to assist you in your bonding and financing programs, and to more effectively manage your business.

Please contact us to discuss any of the above.