accountants for excavation companies
Owning an excavation company differs from the type of business most think of when you say you are a business owner. Excavation is an essential part of the construction industry and not an easy job at that. Excavating is a hands-on job that requires operating heavy machinery to get the end result that your client wants. The work that you do has to be precise and done well. At Cooper Norman, we know the importance of excavation companies but also their unique qualities. Our team is experienced, detail-oriented, and ready to help guide your business to be financially successful.
As an excavation company that contracts out different types of jobs, there are bound to be a lot of records that need to be kept in order. We will ensure that each job that is done has an accurate record of what was spent, paid, and what is owed. Tracking all income and expenses for the business. We can prepare invoices for clients, and follow up on accounts receivable. Also, pay bills that need to be paid on behalf of the business.
We can help the company understand its financial performance by preparing reports such as income statements, balance sheets, and cash flow statements each quarter and yearly. With these reports, we can help you make informed decisions by analyzing financial data and providing recommendations based on that analysis. These will help get a clear picture of where your business is at and what decisions can be made to get your business where you want it to be.
Although taxes come around once a year, it is something that a business should be preparing for all year. At Cooper Norman, we will be able to help your business be ready for taxes when the time comes. With our experience and knowledge, we will ensure that you are complying with all the laws and regulations that apply to your business. This also means that we know all the exemptions that you qualify for as a business owner. Taxes are complicated, we have years of experience to make it a smooth process for you.
Depending on the size of your team, you may have some employees that you are paying. Payroll is a task that has to be done in order to keep your employees that help run your business. We can ensure that your employees will get paid on time each pay period and that it will always be the correct amount. With our team, the benefits and taxes will be deducted properly each pay period as well. Dreading the end of each pay period is a never-ending cycle, with our help you won’t even have to worry about when payday is for your employees.
Why Hire an Excavation Accountant?
Some think that they can do the accounting on their own. And for some, this may be true. But for many, the experience needed to keep accurate bookkeeping and taxes for a business is not there. Bookkeeping is something that has to be done accurately and kept up to date. Planning for taxes should be done all year so your business is prepared for tax season. These two tasks alone take a lot of time especially if you are not well-versed in financial accounting. Not to mention, the extra stress that comes with them. As a business owner, there is already plenty of stress that you take on. With the help of our accountants at Cooper Norman, we can take one large thing off of your to-do list, the finances. We can help save you time and stress because we are experienced and trained professionals when it comes to your business finances.
Different Types of Excavation Companies
No matter what kind of excavation you are doing, we are able to help you with the financial side of your business. You may be doing just one of the below or you may be doing all of them. Regardless, we are ready to help take the stress off of your shoulders to let you focus on the work that you do for your clients.
- Construction: Being involved in the early stages of construction projects, where they are responsible for preparing the site by digging foundations and grading the land. This might involve removing debris, filling in low areas, and creating a level surface for the building. This could be for commercial or residential.
- Demolition: Hired to tear down buildings or other structures. This can involve using heavy machinery to carefully dismantle the structure and then aiding with the clean-up of the debris.
- Landscaping: Creating landscape features such as ponds, waterfalls, or retaining walls. This can involve digging out the area, shaping the land, and installing drainage systems. Or moving large items from the land with heavy machinery.
- Utility installation: Installing utilities such as water and sewer lines, gas pipelines, and electrical cables. This often involves digging trenches and laying the pipes or cables in place.
Why Choose Cooper Norman?
When it comes to being a business owner, it is hard work. There is a lot that goes into making sure that your business runs smoothly. As an excavation company, you have all kinds of jobs that you are able to work on. When you own a business, you want to take on as many jobs as you can while still delivering excellent services to your clients. At Cooper Norman, we want to help you focus on your clients. With our help, you will not have to worry about the financial side of your business which will give you more time to focus on the jobs that you are doing. This may even give you an opportunity to take on a few more clients. Our team of experienced professionals can take some of the stress away from you while giving you more time to dedicate elsewhere. Please call us with any questions that you may have, we are here to help your business be successful!
1000 Riverwalk Drive Suite 100
PO Box 51330
Idaho Falls, Idaho 83405
722 North College Road
PO Box 5399
Twin Falls, Idaho 83303