Reduce Your Tax Liability and Negotiate for Maximum Value
CBIZ Tofias offers an exceptional depth of knowledge about the architecture and engineering industry — knowledge we rely upon to help you continuously improve your firm's financial performance and accumulate wealth. Our experienced team of industry specialists can help you address accounting and tax issues, strategic planning, project management, ownership transition, organizational structure, long-term financial planning and compliance issues.
Take a look at some of the ways we've helped our clients:
- We used our industry survey to benchmark a client's overhead rate, noting that it had increased 20% from the previous year — and is nearly 80% higher than industry peers for the current year. Our detailed analysis of the client's overhead expenses revealed several key areas where changes were needed, including rent and indirect labor.
- We created the infrastructure for a client to handle the scrutiny of governmental audits and as a result, the firm increased its business base by 20%.
- As part of an ownership transition, we showed a client how to obtain permanent tax savings on deferred income. As a result, the client yielded more than $1.5 million in savings. We restructured retirement plans for several clients from the standard 401(k) plan to an age-based retirement plan, thereby tripling the amount of retirement contributions that could be made for key employees and owners.
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