Construction CPA Services

Doeren Mayhew’s 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.

Specializing in construction accounting for more than 80 years and serving more than 500 suppliers and general and specialty contractors doing business domestically and abroad, Doeren Mayhew’s Construction Group is comprised of dedicated construction accounting professionals to help you build on your continued success.

Why Do You Need a Construction-Specific CPA?

Doeren Mayhew’s experienced construction CPAs leverage a wealth of industry knowledge to help contractors just like you increase precision in cost accounting. 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.

For more information, contact our construction CPAs today.