Accounting & Tax Services for Construction Companies
Construction accounting is fundamentally different from general business accounting. Job costing, percentage-of-completion revenue recognition, retainage, overbilling/underbilling analysis, and the management of heavy equipment assets create unique challenges that require specialized expertise. Accounting Intelligence works with general contractors, subcontractors, homebuilders, and specialty trades throughout Texas.
Accurate job costing is the foundation of construction profitability. We set up and maintain project-level cost tracking that lets you see, in real time, where each job stands against its budget — and identify cost overruns before they become margin-destroying problems. Our CPAs understand the nuances of construction percentage-of-completion vs. completed-contract accounting methods, and we help you choose and implement the approach that best reflects your business economics and minimizes tax liability.
Construction companies also face significant tax planning opportunities, including the Section 179 and bonus depreciation rules for equipment, the domestic production activities deduction, and lookback interest calculations. We manage these complexities proactively, ensuring you capture every available benefit while maintaining clean, audit-ready books.
Construction Accounting Services
- Job costing setup and management
- WIP (work-in-progress) schedules and overbilling analysis
- Percentage-of-completion accounting
- Subcontractor and lien waiver management
- Equipment depreciation and asset tracking
- Certified payroll and prevailing wage compliance
- Bonding and financial statement preparation
Tax preparation and advanced tax planning are provided through Sanderson & Williams, PLLC.
