We can help you prepare and plan for the challenges and changes your construction practice may face, from supply chain disruptions that affect the availability and cost of materials, to labor shortages and addressing new safety concerns.

Kaufman Rossin works with contractors by providing guidance to help improve their bottom line. We can advise you on how to maximize your cash flow or issue your financial statements for bonding or borrowing requirements.

Whether you are using QuickBooks Enterprise – Contractor Edition, Sage 300 or anything in between, our professionals can help you get the most out of your internal reporting and coach your accounting team on delivering timely, contemporaneous, accurate information so you can make informed decisions about your business.

What are you doing to protect your organization from the threats inside your own walls?

Internal fraud is a serious threat. Just a single fraud case can potentially cause hundreds of thousands in losses. We monitor industry trends and identify key areas to watch to minimize your fraud risk.

Need legal support? Kaufman Rossin’s forensic accounting and litigation consulting specialists provide expert testimony and investigate complex construction and real estate fraud cases.

Whether the issue is material cost overruns, job site delays, lost productivity, partnership or investor disputes, our highly specialized risk advisory professionals have you covered.

Internal fraud is a serious threat for construction companies, and the impact may be greater than you think.

Key findings*:

• Asset misappropriation is the most common scheme
• $793,000 median loss in frauds committed by executives/upper management
• Typical fraud case lasts 12 months before detection

*Source: Association of Certified Fraud Examiners (ACFE) Report to the Nations, 2024 Global Study on Occupational Fraud and Abuse

Our construction credentials are equally powerful for compliance services.

Kaufman Rossin’s construction services team includes over 75 professionals with specialties in audit, review, tax, accounting and consulting services for:

• General contractors
• Subcontractors
• Construction attorneys
• Commercial and residential developers
• Commercial and residential property insurers

Why do you need a CPA that specializes in construction?

When it comes to accounting for construction, a one-size-fits-all approach just won’t cut it. The industry’s unique reporting, regulatory requirements, and tax rules mean it’s essential that your finances are properly managed. That’s why you need a Certified Public Accountant (CPA) that understands the construction business.

Kaufman Rossin, with over 60 years of professional experience and a dedicated team of over 75 professionals, has the expertise you need to address the specific challenges of running a construction business.

Beyond tax and accounting needs, we’ll advise you on strategies to enhance working capital, maximize bonding capacity, and safeguard against internal fraud. With a specialized construction CPA on your side, we can help you avoid pitfalls, capture opportunities, and build a more profitable construction company.

Services we provide to the construction industry include:

Audit & Review Services: Our attest professionals help construction firms meet their compliance and regulatory obligations, provide clarity and integrity of reporting, and establish trust with stakeholders.

Business Consulting Services: Tailored to address the unique challenges of the construction industry, our business consulting services offer strategic guidance to optimize operations, improve project management, and enhance profitability in a competitive market.

Tax Consulting and Compliance: Navigating the complex tax landscape, we provide construction firms with expert tax planning, compliance, and consulting services to minimize liabilities and take advantage of industry-specific tax incentives, such as the commercial building energy-efficient tax deduction under Internal Revenue Code (IRC) Section 179D.

Accounting Services: Our specialized accounting services team helps construction companies maintain accurate financial reporting, job costing and budget management, supporting effective decision-making and financial health and profitability.

Consulting & Due Diligence: Before embarking on new projects or partnerships, our due diligence services assess risks and opportunities, so that decision-making is grounded in solid financial and strategic planning.

Employee Benefit Plan Audit (401k): Trust our assurance and advisory professionals with an audit of your employee benefit plan financial statement, ensuring its compliance with the IRS and Department of Labor regulations.

Estate and Trust Planning: Protect your personal assets and safeguard the seamless transfer of your wealth with our estate, trust planning, and wealth management services, tailored for construction industry professionals and business owners.

SALT Consulting & Compliance: Address the complexities of state and local tax regulations affecting the construction industry, ensuring compliance and optimizing tax strategies across jurisdictions.

Fraud Investigation/ Forensic Accounting: Safeguard your construction business against fraud with our forensic accounting services, identifying vulnerabilities and implementing controls to protect your assets and reputation.

Litigation Support Services: Expert witness and litigation support services provide authoritative financial insights and support for construction-related legal matters, from contract disputes to financial claims.

QuickBooks Consulting / Accounting Software: Maximize the benefits of QuickBooks and other accounting software with our consulting services, customized for the construction industry to improve financial management and reporting.

Transformation & Integration: Expert guidance on selecting and integrating the best software and systems for your construction business, providing accurate and timely data for complete cost visibility.

Succession Planning: Plan for the future of your construction business with our succession planning services, safeguarding leadership continuity and preserving your business legacy.

Receivership: In times of financial distress, our receivership services provide a pathway towards stabilization and recovery, managing assets and operations with expertise.

IT Security Assessment: Protect your construction company from cyber threats with our IT security assessments, identifying vulnerabilities and fortifying your digital defenses.