SVA’s Welsh Presents Educational Session at Associated Builders and Contractors Conference

SVA’s Welsh Presents Educational Session at Associated Builders and Contractors Conference

Theran Welsh, CPA, Principal with SVA Certified Public Accountants, presents an educational session, titled Construction Profit Pool and the Business Model, at the Associated Builders and Contractors of Wisconsin Human Resources and Accounting Conference on October 28, 2021.

As contractors become more profitable, they often look at performing activity they may have subbed or rented out in the past. As an example, many contractors feel that as profits improve, they want to own their own real estate. Theran’s discussion will evaluate whether they should report those real estate transactions in the construction entity, and he will explain the advantages of having separate entities, one for construction activity and one for the real estate entity. The same analysis will be presented for a contractor who may want to pursue a manufacturing activity, such as building kitchen cabinets. Most contractors usually subbed this work out but now with the cost of lumber and because they have the expertise, they look to bring that activity into the construction company. The presentation will again address the pros and cons of doing that in the construction entity or establishing a separate manufacturing entity.

To register for this conference, visit https://www.abcwi.org/annual-events/human-resources-accounting-conference/.

 

About Theran Welsh

Theran is a Principal with SVA Certified Public Accountants with focused expertise in the construction industry.

Theran has experience advising construction CEOs. He helps construction companies select choice of entity to reduce tax liability and set business strategy while developing initiatives for contractors to increase shareholder value. By utilizing the team approach to client service, contractor clients have access to the depth of resources available at SVA. During his tenure, he has helped to develop SVA’s cost segregation, condo reserve study, and construction contract compliance analysis services.

Utilizing his industry expertise, Theran also assists construction clients in analyzing overhead recovery methods, identifying areas of tax exposure, and searching out specific opportunities for tax savings. All these efforts have resulted in substantial profit improvements for contractors.

 

About Associated Builders and Contractors of Wisconsin

Associated Builders and Contractors (ABC) actively promotes merit, or performance-based construction. From a modest start by six Baltimore contractors in 1950, ABC has enjoyed a growing membership, now totaling more than 22,000 firms nationally and more than 875 in the Wisconsin Chapter, each dedicated to the principles of free enterprise. These beliefs translate into a healthy, competitive and professional climate, the results of which are proudly reflected in ABC member’s construction accomplishments.

 

About SVA Certified Public Accountants

SVA has been serving family-owned and closely-held companies since 1974. As we near our 50th anniversary, SVA is committed to remaining an independent CPA firm investing in our future growth. Our culture of innovation and agility provides the platform for our core goal. Serve. People. Better.

Our team members' expertise spans the areas of business consulting, tax, accounting, and audit in a diverse set of industries. We work towards meeting the strategic vision of each business and the owner's personal financial goals. We’re proud to say that this expertise has made SVA a perennial award winner as one of the nation’s Top 100 Accounting Firms, as well as a recipient of Forbes America’s Best Accounting Firms in 2021.

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