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Mandeville CPA - CMR Associates, LLC

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Construction

Mandeville CPA Construction Industry Accounting

Accounting Services for the Construction Industry:

Effective business planning is essential to improve bottom line profitability, and build a more valuable construction business. Construction company executives require ready-access to reliable financial data, and must interpret this data at all stages of project management to run their businesses more effectively. We take a holistic and pragmatic approach when recommending and providing financial and consulting solutions for our construction clients.

We provide proactive tax and advisory solutions for construction companies, including:

TAX PLANNING & COMPLIANCE

  • Tax minimization strategies
  • Preparation of corporate federal and state tax returns
  • Integration with owners’ and/or executives’ personal tax situations
  • State and Local Tax (SALT) considerations
  • Compensation Strategies: Wages, distributions, or a combination of the two
  • Income leveling: Lower tax brackets through leveling
  • Deferral: Cash basis, completed contract, short term contract, retainage, less than 10% complete, and residential
  • Evaluate if you qualify for Domestic Production Activities Deduction (DPAD)
  • Continuous research and analysis of opportunities to maximize federal and state tax credits

PROFIT ENHANCEMENT SOLUTIONS

  • Work In Process Analysis: Understanding all the key drivers of profitability, including Customers, Geographic location, Project Manager Performance and Job Size
  • Benchmarking: Against competition and against your own performance
    • Key financial metrics analysis:
    • Working capital
    • Current ratios
    • A/R and A/P turns and days
    • Under billings to revenue
    • Revenue backlog and gross profit backlog
  • Key business development metrics:
    • Bid hit ratio
    • Proposals submitted per month
    • Leads generated
  • Estimating process evaluation: T
    • rue cost and risk-based pricing
  • Purchasing:
    • Process and vendor analysis/acceptance/prequalification
    • Competitive bid and vendor capability
  • Cost tracking: Assuring information is accurate and corresponds to job estimation process
    • Change order process: Clarity and timely customer acceptance
  • Budget to actual:
    • Project Manager coaching and estimating to evaluate job performance to plan
  • Insurance Options Review:
    • Contractor Controlled Insurance
    • Subcontractor default insurance
    • High deductible plans/self-insurance, captives
    • Contractor insurance credit, monitoring your experience MOD

The construction industry is richly diverse and dynamic, and our construction team has specialized insight and industry knowledge to help you reduce costs and improve profitability in a fiercely competitive market.

Tax Accounting and Business Consulting for Mandeville, Louisiana
Industry Specific Accounting
Mandeville CPA Services

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About Us

Mandeville CPA Tax Accounting Business

Tax Accounting and Business Consulting for Mandeville, Louisiana We specialize in tax accounting,

Business Consulting

Mandeville CPA Business Consulting

Business Consulting for Mandeville, Louisiana: New Business Venture Start-Up – We file all

Tax News and Advice

  • Individual Tax Advice
  • Small Business Tax Advice

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Company Profile

Charles Renwick, CPA has provided clients big and small quality accounting, tax, and business consulting services for over 15 years. We have all the resources needed to meet your business and personal accounting needs.

Offices in Madisonville, Mandeville, Metairie, and Baton Rouge.

Accounting News and Updates

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  • Accelerate your retirement savings with a cash balance plan
  • “Bunching” medical expenses will be a tax-smart strategy for many in 2017
  • Timing strategies could become more powerful in 2017, depending on what happens with tax reform
  • Investors: Beware of the wash sale rule
  • 2 ways spouse-owned businesses can reduce their self-employment tax bill
  • Why you should boost your 401(k) contribution rate between now and year end

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Write or Call Today

CMR Associates, LLC
1070 West Causeway Approach
Suite B
Mandeville, LA 70471
(888) 530-5630
office@cmrtax.com

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