10 Accounting Firms for Construction Companies

if you're a general contractor or construction company, you're probably hoping to find somebody that will help you reduce your taxes and keep you focused on your strengths, rather by wasting your staff and your own time doing accounting tasks.

Small, Tax Reduction Focused Accountants for Contractors

Over the last decade or so, I've had the opportunity to connect with hundreds of accounting firms and local CPAs, and I found some that are really good for construction companies. So I want to share some of these local entrepreneurs that are a cut above the rest when it comes to reducing your taxes, serving as an outsourced accountant, and helping with Construction specific problems.

What to look for in a construction accountant.

Accountants for contractors should be much more than a typical year end tax person, they should really be an outsourced accountant that focuses on delivering actual value.

What should they do for your construction business?

1. Aggressive, year-round tax planning
2. Help you implement everything to reduce taxes
3. Perform excellent bookkeeping
4. Provide month end, or quarterly reports
5. Help you maximize your S-Corp
6. Save you time by tackling the books, taxes & accounting
7. Help you grow
8. Serve as your financial quarterback

I want to keep this brief and in get into the best construction accounting firms in the United States, but I also want you to know that there's a huge difference between a typical year end accountant, and a construction specific outsourced accountant.

Outsourced Accountant vs. Year End Accountant.

Meaningful tax reduction strategies. need to be deployed throughout the year.\

Reports and bookkeeping should be an ongoing thing, and a competent tax accountant, rather than a generalist bookkeeper, will be super efficient and utilize the knowledge gained during the bookkeeping to provide advice to you and your staff.

An outsourced accountant is focused on lowered taxes, growth of your business, saving you time and helping you as though they were co-owners.

Outsourced accountants serve as a partner for your business, without giving up equity or paying them W-2

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CFO for Contractors

These chief financial officer specialize in helping you establish financial accounting systems that will help you implement what's necessary to grow into a serious general contracting business

Commercial Contractor CFO Accountant:

• AIA or progress billing
• Request for payment systems
• True Job Costing
• Work in Progress or WIP systems
• Integration to project management tools like Co-Construct and Procore
• Certified Payroll
• Pristine Financials for Surety Bonding

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the biggest difference that this chief financial officer is going to bring is systems to help you scale upward as a commercial general contractor. This means that you need to get really good at managing your balance sheet, managing your cash flow, and creating pristine records that will help you not only manage your business, but prove to Shirley companies, customers, and banks that you are operating at a high level.

As your accounting and financials improve, so does your credit-worthiness, and therefore, your ability to do larger and larger jobs, which will lead to increased capabilities and profitability.

so if you're a contractor that's ready to start bidding on large public projects, or want to scale into a large general contracting business, you're not just going to want to work with a generalist bookkeeper or even the outsourced accountant, you're going to want to find an outsourced chief financial officer that specializes in construction specific accounting.

The Best Accounting Firms in the United States for Small to Mid Sized Construction Companies & Contractors

I want to emphasize something here, unless you're a very large contractor, it will probably be a good idea for you to stick with a smaller firm like the ones we're going to mention here. The smaller accounting firms end up serving as an outsourced accountant, and will be able to deliver more value than a staff accountant would, without all of the hassle. The small accounting firms are dedicated to working with smaller groups customers in a more intimate way.

These Accountants work with smaller groups of clients, in a more helpful way.

every accounting firm that we list out here isn't just trying to get more and more customers like the large CPA firms, they are trying to work with a smaller group of clients, and deliver extreme levels of value. These are the type of accountants that I work with, and every single construction contractor I intersect with, I recommend using an accountant similar to what I'm listing here.