Theran Welsh, CPA, Principal with SVA Certified Public Accountants, will present a webinar for Lorman Education Services on September 21, 2021 titled Construction Contract Accounting: A Three-Dimensional Look at the Numbers.
Financial reports do more than help comply with the terms of the contract. Financial reporting can help a business become more profitable by giving the owner the information they need to make smart management decisions. During this webinar, Theran will discuss three types of accounting – financial, tax, and internal/management. Learn how to combine the different methods to get a three-dimensional view of a construction business and improve the financial condition. This webinar will also discuss the impact of the proposed Biden tax plan on the industry and strategies to protect company profits.
Upon completion of the webinar, attendees will be able to identify 3P and 3-D, recognize contractor tax cuts, discuss key industry impacts of the Tax Cuts and Jobs Act, and review how to develop a cost structure for improving profitability.
To register for the webinar, visit https://www.lorman.com/training/construction/accounting-for-construction-contracts-tax-tips-and-money-saving-strategies.
About Theran Welsh
Theran is a Principal with SVA Certified Public Accountants, S.C. and leads the Construction Services group. During his tenure, he has helped to develop SVA’s cost segregation, condo reserve study and construction contract compliance analysis services.
Theran has 30 years of experience advising construction CEO’s. He helps construction companies select choice of entity to reduce tax liability, 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.
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 Lorman Education Services
Lorman Education Services held its first continuing education seminar in 1987. Since then, Lorman seminars have kept businesses, and the professionals who serve them, current in the rapidly changing regulatory environment. We understand your need for concise, accurate and timely information.
That understanding underlies each Lorman program. Lorman programs provide you current information on the rules, regulations and best practices that impact the success of your business or the business of your clients. Our faculty are leading professionals who work daily on the subjects they address.
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.