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Construction Accounting in Charlotte
Construction professionals, such as contractors and independent contractors, often require the assistance of a professional accountant to help optimize business processes and promote compliance. There are various special considerations that have to be made in the construction industry, such as payroll and managing subcontractors. 帕森斯注册会计师, PLLC assists construction business owners in Charlotte with operational tasks and job accounting to ensure that finances are properly maintained.
To learn more about accounting services for construction businesses and to schedule your initial consultation, contact us today.
预测 and Job Costing
When bidding for jobs, it is important to have an understanding of the material and 劳动 expenses you expect to incur. 帕森斯注册会计师, PLLC provides contractors with estimates based on finances, allowing them to compete for lucrative private and public jobs. These not only take basic expenses into consideration but also the costs of subcontractors.
While working on the job, our Charlotte construction accountants continue to assist by providing ongoing and adaptive job costing. The reports and plans created during this process are customized to the size and scope of your contract. We ensure that you stay aware of indirect costs, such as equipment purchases, and how tax strategies such as long-term depreciation that can lower your liability.
Revenue Recognition Reporting
These reports are essential for longer contracts that may take multiple months or years to complete, and provide accountability during construction. Revenue recognition reports also ensure any changing costs for materials, 劳动, and subcontracting can be taken into account as necessary.
Payroll Accounting for Independent Contractors
Many employees at construction companies are not kept on payroll during the long term but are independent contractors. Our Charlotte construction accounting firm ensures your contractors are paid properly and on time so you can stay focused on the completion of your contract.
These services are also available for subcontractors whose employees are retained as hourly or salaried. It’s important to remember that independent contractors are supposed to pay their own taxes for self-employment; it is not your responsibility to withhold taxes in this case.
Maintain Your Construction Business’ Finances Today
Whether you are looking to bid on a job through accurate estimates of job costs or need revenue recognition reporting to complete your current contract, 帕森斯注册会计师, PLLC is able to help. We take a proactive approach to helping our clients achieve financial balance, regardless of the industry. 联系 our Charlotte construction accounting firm today to schedule your initial consultation.
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