Construction Consulting and Accounting Services

Construction projects are among the largest and most complex financial investments undertaken by owners. Billing errors, overcharges, and unauthorized expenditures can leave an owner paying thousands of dollars in additional costs.

We can help reduce the risk of being overcharged by applying specific procedures in a Construction Contract Compliance Analysis (CCCA). Throughout the contract, we conduct the CCCA to help reduce the risk of contract non-compliance during each phase of your project.

Tax Incentives and Credits

Construction projects qualify for many federal, state, and local tax incentives. A comprehensive state and local tax strategy helps minimize your company's compliance risk and tax burden. Staying current and compliant with federal tax incentives will help you control your costs.

We work closely with you to identify and implement strategies that bring you the maximum tax benefit and leverage our years of experience to deliver tailored solutions that consider the full spectrum of tax credits available.

Tax Accounting Methods Analysis

SVA can help you manage your tax liability by choosing an appropriate accounting method or changing methods or sub-methods.  With recent tax legislation such as TCJA, there are more benefits to certain accounting methods making a review of your current options imperative.

Large contractors that use the Percentage of Completion Method (PCM) could defer income by making certain elections or adopting certain sub-methods. For instance, a general contractor that has substantial retainage payables may be able to exclude the retainage payable amount from costs incurred, when calculating the percentage is complete.

SVA can review your current accounting method and make recommendations to help you use the best option for your specific business.

Handling all your payroll, tax preparation, and bookkeeping needs in-house requires staff who are experienced in these functions, as well as the continual updating of your accounting software. These are time-consuming tasks which can be easily outsourced to an experienced provider.

You can outsource as much or as little of the work and ensure there are adequate internal controls to avoid any risk of having the same people perform multiple duties.

Learn more at our client accounting services page.

Understanding your break-even point is key to making confident business decisions. We can help you calculate how much you need to sell—daily, weekly, monthly, or annually—to cover your costs.  You can use this analysis to better understand how to generate profits in your business. Whether you’re launching a new product or simply reevaluating operations, our break-even analysis provides a granular look at the sales targets needed to keep your business on track.

We help companies design executive compensation plans that support strategic goals. From increasing profit margins to boosting sales performance, we work with leadership teams to build incentive programs that align with business objectives. We also create easy-to-use templates that track performance metrics and compensation earned, providing a structured approach to rewarding results.

Using software that is designed to support the tracking of costs is imperative to accurate financial reporting. SVA works with several software options and can make recommendations on which is the best fit for your company.

Once you have the right software, creating customized on-demand reports will allow you to monitor your estimates compared to actual expenses, as well as track overhead allocations by the project.

BIZ TIP: Solving Common Job Costing Accounting Issues for Construction Companies

Construction bonds protect against financial loss due to a contractor’s failure to meet or complete a specific contract. SVA will help you determine how your financial statements impact your bonding capacity. We can develop metrics to help you monitor and manage your bonding capacity. We also provide education to bonding agents and underwriters, so they better understand your individual business.

ProfitCents is a powerful tool we use to generate projections and perform various “what-if” scenarios.  Whether you're budgeting for growth, preparing projections for a loan, or acquiring a business, we use ProfitCents to generate detailed financial forecasts as well as benchmark your company’s performance against industry peers.

Thinking of purchasing new equipment or expanding operations? Our ROI analysis helps you evaluate whether the investment makes financial sense. We’ll help you understand the profitability of your investment and provide clear picture of your potential return and the timeline for reaching it.