For many construction contractors, managing the company’s finances is the toughest job. And working in real estate can be highly exciting and at times downright thrilling, yet filled with risks and challenges.
At Gross Mendelsohn, we know, because for decades we’ve guided construction contractors, real estate developers, property managers and investors, as well as architects and engineers, through good and bad economies, always focusing on improving the bottom line for clients.
For construction contractors and architectural and engineering firms
Whether it’s advice on pricing, labor trends or gross profits, our construction industry specialists help the construction company owner, architect and engineer navigate all aspects of their business.
Looking for more than financial statements from your CPA firm? Gross Mendelsohn’s construction industry specialists have proven experience helping contractors and related service providers improve the estimating and bidding processes, design cost and job tracking systems that give management real time information to manage jobs in process, develop incentive compensation strategies for key employees, and improve financial reporting to bonding companies to maximize bonding capacity.
Many architectural and engineering firms pursue government-supported contracts, many of which require overhead rates and their calculations. Having your overhead rate audit performed by an experienced independent audit firm is critical. Gross Mendelsohn’s overhead rate specialists can help you submit calculations that will stand up to government scrutiny and improve your position during contract negotiation.
Our tax specialists help construction companies time income reporting for maximum benefit, recommend the appropriate benefit plans for owners and employees, determine the accounting method that is most advantageous for the business, and maximize tax savings opportunities presented by historic tax credits, multi-state income tax planning and business structure decisions estate planning.
In addition to being CPAs, members of the firm’s Construction & Real Estate Group are Certified Construction Industry Financial Professionals. The CCIFP designation is earned only by those who pass a rigorous examination that tests one’s construction industry expertise.
We know our way around the construction industry and can help with budgeting and forecasting, strategic planning, job cost analysis and cost control planning, and working capital planning. We can also help you with succession planning, mergers and acquisitions and business valuation.
Gross Mendelsohn’s construction clients enjoy having the firm’s Technology Solutions Group help with their accounting and network systems. Our IT specialists, who are also CPAs, know how technology can be used to increase construction contractors’ profitability and efficiency. They recommend the right construction industry accounting software after listening to and carefully evaluating your needs from an accounting and business perspective, and install and provide training and ongoing support for accounting software packages (including ComputerEase and Sage Timberline Office).
They also offer productivity solutions such as customer relationship management and project management, and can help you with certified payroll, AIA billing and subcontractor management. Our networking experts are available to design and support networks, taking into account issues such as anti-spam, secure remote access and disaster planning.
For real estate developers, property managers and investors
Having worked with real estate investors, multi-strategy real estate investment funds, and residential and commercial builders, developers, builders and managers for decades, we understand the nuances of the industry and the key economic and tax challenges you face.
Maybe you are part of a group of real estate investors, or maybe you operate a multi-strategy real estate investment fund. Whether you are a residential developer, builder or property manager with planning communities, multi-family properties or single family homes, or a commercial developer, builder or manager of office buildings, retail shopping and strip centers, or industrial parks, we can help.
The firm has a proven track record of efficiently handling complex multiple-entity real estate engagements.
In addition to the traditional financial statement and tax return preparation services, real estate developers, managers and investors call upon Gross Mendelsohn’s real estate experts for cash flow projections, acquisitions and divestitures, analysis and minimization of capitalized interest and other expenses on constructed buildings, planning to convert ordinary income to capital gains during project development, cost segregation studies, historic tax credits, structuring of like-kind exchanges, review of leases and lease structuring to maximize tax benefits, transactional and tax planning, technology consulting, and debt placement, structuring and restructuring.
For the construction or real estate business owner
We provide integrated personal financial planning, investment management, and estate and retirement planning for business owners and key employees.
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