With over 50 years of service to the construction industry, our accountants have specific knowledge to benefit your business.
Accounting for Business
We leave the ingenuity to you, and you can leave the taxes, accounting and advising to us.
Unpredictability comes with agriculture-related businesses. We can remove some variables from the financial aspect of the farming business.
We will take care of business logistics and financial strategies so that you can take care of everyone else.
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ACCOUNTANTS FOR CONSTRUCTION COMPANIES
MANAGEMENT TOOLS TO BUILD BUSINESS
Construction accounting requires industry-specific knowledge that not every accountant has. With over 50 years of service to the construction industry, our team provides you with construction specific experience in services to meet your needs. We serve all kinds of clients from start-up to 3rd generation businesses and look forward to helping your business to run smoothly.
We offer construction accounting to each piece of the construction industry including the following:
- General contractors and subcontractors
- Specialty trade contractors
- Commercial contractors
- Heavy machinery
- Highway construction
- Residential contractors
- Federal and state contractors
- Plumbing, HVAC, and plumbing
ACCOUNTING SERVICES FOR CONSTRUCTION BUSINESSES
JOB COSTING ANALYSIS
We offer job costing analysis to help you track the costs of each job or project and to provide you with an accurate picture of the costs the project will accumulate. Increasing your knowledge of the costs of labor, materials, and overhead your project uses will help plan your next project bid. This information is important because it can help with the estimating of your future construction projects of similar nature. Using job costing analysis will lead to better management decisions, project estimation, more profitable projects, and timely financial reporting. In today’s economy tracking the rising costs of materials, labor, and overhead is more important than ever. We can help keep your business ahead of rising costs and help you navigate the ever-changing economic landscape.
We understand that estimates are one of the most important aspects of a construction project because it is connected with the forecasting of the total costs of the project. Our estimator tools will help your company’s estimators produce accurate, profitable bids. We know that you need a competitive bid in order to undertake the construction projects you desire. Our estimator tools are here to help you construct a competitive bid and give you an educated estimate of the profit you can expect to receive from the project. Our cutting-edge tools can provide you with the assurance that neither of those situations will happen to you.
BUSINESS TRANSITION PLANNING
Business owners invest a lot in their companies to help them become successful. However, not many business owners know how to go about exiting their business while preserving the company that they have grown. Every business owner needs an exit strategy and construction companies are no exception. We can help you strategize the best ways to facilitate the transition from one ownership of your business to another while maximizing the value of your business with our hand on business transition planning.
CASH FLOW MANAGEMENT
Cash flow issues are common in the construction industry. You can have a very profitable business and still need help navigating your cash flow. Cooper Norman offers highly trained services in cash flow management so that your company can have the financial health it deserves without interruption to you, your projects, or the growth of your company. You may not have the time to analyze finances and determine the cash flow of your company. Let Cooper Norman take care of it for you by providing the tools and resources needed to analyze your business’s cash needs.
TAX PLANNING AND PREPARATION
We love to show business owners how to save money on their taxes. As you save money on taxes, you will increase your profits and grow your company. Additionally, your company’s success will create more jobs. Believe it or not, as small businesses grow the economy improves. Every business owner benefits from tax planning and preparation. Your business may be making company expenses that are deductible. Cooper Norman offers professional, experienced accounting services that can help you find common deductions that you may currently be omitting. Meet with us for tax planning to start increasing your bottom line.
CONSTRUCTION CONTRACT ASSISTANCE
In any project your company manages, it is important to have a construction contract to help keep your company free from unnecessary obligation or risk. There are different ways to account for construction contracts and you want to be sure that you are doing it correctly to protect your business. Cooper Norman is prepared to help you navigate the specifics of construction contracts, and therefore, to help ensure the safety of your business.
ADDITIONAL SERVICES PROVIDED
- PUBLIC WORKS ASSISTANCE
- STATE LICENSING LAWS
- BONDING ASSISTANCE
- AUDIT AND ASSURANCE SERVICES
- MULTI-STATE TAX GUIDANCE
- BUSINESS TRANSITION PLANNING
BENEFITS OF HIRING A CONSTRUCTION ACCOUNTANT
Construction is a complicated business with many constantly moving parts. It is crucial for construction companies to have solid financial leadership to keep them not only profitable but also growing. Managing a construction company today is especially challenging with tight budgets, and high expenditures, as well as establishing successful relationships with clients, banks, and bonding companies, adhering to tax regulations, complying with state regulations, and making difficult financial decisions. Hiring an experienced professional accountant that specializes in construction, will help you to have more money in your pocket at the end of a project. We can help you with more than just taxes, we can also make sure that all your money is accounted for and being properly spent. We can help you reduce your expenses, limit tax liabilities, and set a game plan to set you and your company up for continued profit. We can help you identify which projects are profitable and which ones are not.
WHY HIRE A ACCOUNTANT FOR YOUR CONSTRUCTION COMPANY?
Construction businesses need to be financially prepared to successfully ride out economic changes. With the state’s building boom, job opportunities for contractors and developers are in high demand, but just demand alone will not make you profitable. Whether your construction company is very large, or very small, large amounts of money will be moved through a project. The smallest error can be detrimental to the entire project. If you want to make sure your employees are paid on time and your taxes are as minimal as possible, as well as all your money is accounted for, hiring a construction accountant should be one of your top priorities. Letting a professional handle the accounting side will leave you to focus on all the other moving parts of a construction job site that require your attention. We will take the burden of monitoring your company’s finances closely and give it the push it needs to succeed.
CHOOSE COOPER NORMAN FOR YOUR CONSTRUCTION ACCOUNTING
Whether you are in commercial construction, are a residential contractor, or are a local tradesman, we will provide you with the accounting and bookkeeping services your business needs in order to run smoothly. Our knowledgeable construction accountants do more than just help you manage your daily bookkeeping and cash flow. We have worked with construction companies just like yours, so we understand your financial struggles and have real solutions. Not every accountant has the expertise and training that you need to help your business. Cooper Norman is prepared to offer industry specific services to meet your business’s construction accounting needs. Contact us today to get started.
1000 Riverwalk Drive Suite 100
PO Box 51330
Idaho Falls, Idaho 83405
722 North College Road
PO Box 5399
Twin Falls, Idaho 83303