Accounting Services for the Construction and Job Costing Companies:
Effective business planning and execution is essential to improve bottom line profitability, and build a more valuable construction business.
Construction Job Costing Solutions
A good accounting system and the correct accounting tech stack are essential for timely job costing. CMR Associates offers turn key services to both implement and staff cloud based systems. System implementation and bob costing deliverables include:
- Cloud based accounting system
- Accurate job cost reporting (budget to actual, Work-In-Progress (WIP)
- Purchase order management
- Change order management
- Payroll/labor costing
- Spend management and tracking
- Progressive billing
- Daily, weekly, and monthly reporting options available
Construction Company Outsourced Staffing
To maintain profitability, construction and job costing companies must stay laser focused on controlling overhead. Accounting outsourcing is an effective way to reduce overhead without sacrificing reporting.
- Managed Staff – Local CPA reviews and approves work performed
- Dedicated Staff – Outsourced accountant reports directly to business owners or your accounting team
TAX PLANNING & COMPLIANCE
Additionally, we provide proactive tax and advisory solutions for construction companies, including:
- 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
The construction industry is richly diverse and dynamic, and our construction team has specialized insight and industry knowledge to help you reduce costs and improve profitability in a fiercely competitive market.
Tax Accounting and Business Consulting for Covington, Louisiana
Industry Specific Accounting