Numerous changes have occurred since 2000 that have caused tax accounting for contractors to become extremely complicated and time consuming. Construction businesses often deal with many challenges, including significant up-front investments, multiple contracts, progress billing, labor and material cost, subcontracts, market volatility, and sensitive ownership transactions.
Ipocampus Holding Odoni Partners understands this unique structure of the construction industry and the reporting requirements affected by it. Our approch is designed to identify and solve any risks that may affect your financial and compliance reporting such as revenue recognition, receivables, estimates, manufactuing costs and long-term contracts.
Our professionals are advisors as well as accountants who will also identify financing techniques, perform operational reviews and suggest ways to improve your profitability while maximizing the tax advantages.
Areas we serve:
- General Contractors
- Specialty Subcontractors
- Real Estate Companies
- Architectural Firms
- Engineering Firms
- Heavy Highway
We’ll help you remain up to date with state and federal regulatory requirements and financial reporting, and provide the advisory services you need to improve performance, help reduce risks, lower costs and ultimately reduce tax bills.