Tax Strategy and Preparation
FOR GROWING CONTRACTORS
Construction tax planning aligns accounting method selection, job costing accuracy, depreciation strategy, and cash flow forecasting into one coordinated plan.
Your construction business experiences unique challenges that require industry specific tax strategy.
"Your tax planning must match cash flow to smooth cash cycles."
Accounting Method Strategy
One of the most important decisions to make is which accounting method to use.
-Cash
-Completed Contract Method
-Percent of Completion Method
Some projects require a certain method, but there is often the ability to allow your method to evolve with your bushiness, taking advantage of unique characteristics at certain levels of activity.
Capital Equipment Purchase and Depreciation Planning
Maximizing the depreciation while maintaining a stable and predictable tax effect can only be accomplished when reviewing the full landscape of your tax situation. Large swings in income caused by poor planning can consume large percentages of your planned income.
Bonding Capacity and Tax Strategy
How much you pay in taxes is only one way to view from a strategic perspective. Also consider how your business is valued and what capacity you will be allowed when seeking large project bonding capabilities. Each step must be reviewed along with the aggregate in mind in order to realize the most value.
Research and Development Credits
Forward thinking contractors can claim federal and , in many cases state R & D tax credits for qualified innovation on real projects. With the right approach and documentation, the benefit can meaningfully reduce tax exposure.
Customizable for Any Situation. Every business is different and has individual needs that require a conversation to understand and fine tune pricing that works for everyone.
Compliance +
Annual tax preparation and filing for business owners who need it done right.
Tax return preparation
Year-round support
IRS notice assistance
Newsletter subscription
Individual: 1040 $350.00
Business: 1 Entity: $750.00+
Business Entity Federal + State Income Tax Return Prep & Filing
Personal (1040) Tax Return Prep & Filing
Notice & Audit Protection (NAP)
Prepare/File Forms 1099
Prepare and File Single-State Sales Tax Return
Collaboration
Year-round CPA relationship with proactive planning and ongoing support.
Everything in Compliance +
Tax & strategy planning meeting
Priority response
Individual: 1040 $350.00
Business: 2 -3 Entities: $1000.00+
Business Entity Federal + State Income Tax Return Prep & Filing
Personal (1040) Tax Return Prep & Filing
Notice & Audit Protection (NAP)
Prepare and File Forms 1099
Prepare and File Multi-State Sales Tax Returns
Continuity
Complete accounting solution for business owners who want hands-off financial management.
Everything in Collaboration
Quarterly estimates
Multiple planning meetings
Individual: 1040 $Included
Business Entities / Complex $2000.00+
Business Entity Federal + State Income Tax Return Prep & Filing
Personal (1040) Tax Return Prep & Filing
Notice & Audit Protection (NAP)
Prepare and File Forms 1099
Prepare and File Multi-State Sales Tax Returns
Call to see if our
Tax Strategies
Review
Plus is right for your company.
970-617-4189.
“Absolutely wonderful to collaborate with Construction CPAs. They stay in close contact throughout the year to be able to factor any new planning or changes into our strategy for the year and coming years.”