Mike Goettsche Earns the Certified Construction Industry Financial Professional (CCIFP) Designation
construction accounting

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 construction industry team provides you with construction specific experience in services to meet your needs. We serve clients from start-up to 3rd generation businesses, including general and subcontractors in the following fields:
- General building
- Electrical
- Specialty trade
- Heavy machinery
- Highway construction
- Home builders
- Mechanical
- Plumbing and HVAC
SERVICES FOR CONSTRUCTION BUSINESSES
Job Costing Analysis
- Make sure your estimators have the tools they need to produce accurate, profitable bids.
Public Works Assistance
- Navigating state licensing laws can be tricky, we can help.
Bonding Assistance
- Many insurance companies look at a business’s relationship with their CPA to decide if you can be bonded, what does your insurance company think of your CPA?
Cash Flow Management
- Cash flow issues are common in the construction industry, we can help provide the tools to analyze cash needs and help you know you will make payroll.
Tax Planning and Preparation
- There are many ways to account for construction contracts, using the wrong one can result in an interest free loan to Uncle Sam.
Audit and Assurance Services
- As your company grows, so will the level of service your bank and bonding company may require. We can help with anything from a compiled to an audited financial statements.
Multi-State Tax Issues
- Sometimes your contracts can take you outside of your home state. We have dedicated professionals that analyze tax laws in every state.
Business Transition Planning
COOPER NORMAN AUGUST 2024 CONSTRUCTION ECONOMIC NEWLETTER
Reviewing the Look-back Method for Long-term Construction Contracts
Among the most common challenges of any long-term construction project are fluctuating job costs. However, variations in the cost of materials and labor over time aren’t the only cause for concern. Permitting issues, economic changes and evolving regulations can all...
The Latest on Occupational Fraud in the Construction Industry
The construction industry has made great strides in overcoming the outdated perception that it’s rife with corruption. Unfortunately, the fact remains that contractors lose hundreds of thousands of dollars a year to occupational fraud. As formally defined by the...
A Review of Inventory Accounting for Construction Companies
Many construction businesses reach a point in their growth when they decide to maintain inventories. They might keep on hand items such as building materials, supplies, personal protective equipment and tools. Maybe yours already does. A construction company’s tax...
What Expenses are Tax-Deductible for Construction Businesses?
Construction BusinessesRunning a construction business in Idaho comes with its share of expenses. Understanding which costs are tax-deductible can not only improve cash flow but also position your business for greater financial success. Forgetting to deduct important...
Construction Accounting: What is a WIP Report?
There is an art to being able to efficiently run an advanced construction business. Between securing construction jobs, ordering materials, organizing revenue and expenses, and managing different teams - construction businesses have a lot on their plate. As with any...
Construction Accounting GAAP
Throughout the construction business, there are certain accounting practices that are used in order to keep accurate financial records in this complex industry. Generally Accepted Accounting Principles (GAAP) for construction accounting is a framework for...
Idaho Falls
1000 Riverwalk Drive Suite 100
PO Box 51330
Idaho Falls, Idaho 83405
208.523.0862
208.525.8038 (Fax)
Pocatello
444 Hospital Way
Suite 555
Pocatello, Idaho 83201
208.232.6006
208.232.6007 (Fax)
Blackfoot
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STE C
Blackfoot, ID 83221
Rexburg
859 South Yellowstone
Suite 204
Rexburg, Idaho 83440
208.523.0862
208.525.8038 (Fax)
Twin Falls
722 North College Road
PO Box 5399
Twin Falls, Idaho 83303
208.733.6581
208.734.9609 (Fax)