Construction CPAs
Specializing in construction accounting for more than 90 years and serving 1,000+ suppliers, and general and specialty contractors doing business domestically and abroad, Doeren Mayhew’s Construction Group is comprised of dedicated construction accounting pros to help you build on your path to success. Named as one of the Top 50 Construction Accounting Firms ™ by Construction Executive, we know a thing or two about the construction industry.
Why Do You Need a Construction-Specific CPA?
Doeren Mayhew’s experienced construction CPAs help a cross-section of the nation’s mid-sized specialty companies and general contractors with fluctuation in labor and material costs, financial surety bonding adversity and depleting cash flow. Partnering with an experienced and credentialed construction accountant who keeps up with the industry, material price increases and new tax laws can help you to make educated financial decisions and offer strategic tax-savings opportunities.
Construction Accounting Experience
- Commercial construction
- Residential construction
- Road and heavy highway construction
- Sub-contractor/specialty trades
- Industry material/service providers
Financial and Tax Services
- Construction audit, review and compilation services for reporting to lenders, investors and partners
- Internal controls evaluation to determine separation of duties, process management and accessibility issues
- Financial projections
- Cash-flow management
- Cost management, including indirect cost accounting for profit margin flexibility
- Budgeting and forecasting
- Tax planning strategies to identify refund and reduction opportunities
- Research and development tax studies to explore savings for innovative design and process development
- Cost segregation studies to depreciate facility costs and defer income tax
- Choice-of-entity analysis
- Cost certification audits
Business Advisory Services
- Process improvement assessments to identify workflow weaknesses and recommend enhancements
- Job costing accounting
- Surety credit and bank financing assistance
- Inventory management, including 263A allocations, to help reduce excess costs
- Project tracking systems for work-in-process reporting
- System restructuring to maximize efficiencies
- Real estate project review and analysis
- Claims and lien management assistance
- Industry competitive benchmarking
Additional Services
- Strategic planning on long-term goals, financial status, and bonding and financing term agreements
- Risk management assistance
- Litigation support
- Succession planning
- Business valuations
Industry Affiliations
Our Construction Group stays knowledgeable and active in local, state and national industry associations, including:
- Association of General Contractors of America (AGC)
- Association of General Contractors of Michigan (AGC)
- Construction Financial Management Association (CFMA)
- Construction Association of Michigan (CAM)
- Detroit Area Construction Association (DACA)
- American Subcontractors Association
- Houston Contractors Association
FAQ
What is a construction CPA?
Construction CPAs are certified public accountants with an advanced understanding of the ins and outs of a construction business. With their industry knowledge and technical experience, they can assist you in areas such as job costing, tax compliance and planning, financial statement audits and much more.
What is the difference between construction accounting and regular accounting?
Construction accounting encompasses a greater range of industry-specific considerations than the basic accounting needs of traditional businesses. For example, a construction job requires consulting, engineering, materials, design, etc., all of which impact your bottom line. Construction CPAs consider the many direct and indirect costs of a job that would not otherwise be considered to help ensure your jobs and overall business is profitable.
From bid to build and everything in between, we serve clients from every facet of the construction industry. And we can help you, too. For more information, contact Doeren Mayhew’s construction CPAs today.