Construction
Construction companies face unique challenges not often experienced by other businesses. The project-based nature means that every worksite has its own accounting challenges. Management needs to pay careful attention to maintaining accurate bidding, cash flow management, tracking costs, timely payments, labor management, and equipment rental and usage. Given the complexities of these items, along with the challenges of revenue recognition and compliance requirements, these companies need to work with a specialized and experienced CPA firm to guide efforts and provide practical and technical guidance.
Construction Industry Experience
KatzAbosch has significant experience serving the needs of construction companies and contractors. We work with dozens of contractors in Baltimore and across the Mid-Atlantic region. Underlying this practical experience is significant technical and industry training that is difficult to match. Not only does our firm have several Construction Industry Professionals (CCIFPs), but we are also active in a number of associations, including the Associated Builders & Contractors, American Subcontractors Association, Building Congress & Exchange, Construction Financial Management Association (CFMA), and Construction Industry CPAs and Consultants (CICPAC).
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Our Construction Services
KatzAbosch provides a variety of tax, accounting, audit, and financial reporting solutions to construction companies and contractors. While most initially come to us for assistance with tax planning, we provide solutions designed to meet the most complex challenges companies face. These include:
- Attest services & financial statement preparation
- Bank & surety readiness
- Tax planning & compliance
- Multi-state tax issues
- Outsourced accounting
- Cash flow forecasting & optimization
- Internal control studies
- Cost segregation studies
- Job costing system design & implementation
- Job schedule consulting
- Business valuations
- Succession planning
- Transaction advisory
“When I took over the finance role 20 years ago, they set me up for success. I’ve been happy with them for a long time. We have a strong relationship, and I have a lot of trust in them. That's what you want in a CPA.”
Construction Insights
April 2026 Economic Report for the Construction Industry
Tariffs are shifting. Interest rates are steering the mortgage market. Material costs hit a new peak. Labor is…
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Business Valuation: What Buyers Look for in Construction Companies
Summary: Financial Transparency through WIP and Backlog: Buyers scrutinize Work-in-Progress (WIP) schedules to detect hidden losses and confirm…
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Importance of Cash Flow Forecasting in the Construction Industry
In Summary: Cash flow forecasting helps contractors manage the significant timing gaps between project expenditures—such as payroll and…
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