Industries

Construction

Introduction

Members of the McGee, Hearne & Paiz, LLP Construction Industry Service Team have an in-depth understanding of issues that affect contractors and developers.  We can help guide you through the latest tax legislation changes to minimize income taxes, as well as maximize your bonding and banking capacity.  Our clients consist of owners and managers of architectural, engineering, heavy highway, general contractor, and subcontractors for the Construction Industry.

Contractors

The Construction Industry has specific accounting concerns with the percentage of completion method.  We understand the competitive marketplace for this industry; our firm is aligned to assist you in not only the basic areas but in these advanced issues:

  • Cash flow management
  • Single and multi-state tax issues
  • Using the most advantageous account method for taxes
  • Job costing
  • Cost segregation studies for your clients
  • S Corp gains including converting from C Corp status
  • Deferred compensation plans

Real Estate Developers and Operators

Success of projects can depend on proper planning and using specific accounting and tax techniques to reduce your tax liability.  We can help you understand these unique accounting and tax rules:

  • Structuring
  • Treatment of development costs
  • Interest capitalization methods
  • Depreciation methods included cost segregation studies

Services

In addition to the Firm’s core tax and assurance compliance services, we also provide the following services that may be of value to construction companies:

  • Project cost analysis and comparison
  • Cash flow analysis and budgeting
  • Review of revenue recognition method
  • Cost segregation
  • Certified payroll
  • Sales tax returns
  • Section 199 deduction

Industry Involvement

Members of the Construction Industry Service Team actively participate in construction organizations; we are not just a member in name only.  We provide presentations and other information, which are available for our friends in the Construction Industry:

  • Southeast Wyoming Builders Associations
  • Wyoming Contractors Association
  • Cheyenne Board of Realtors

Contact Russell Hay

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