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Construction

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Construction

Expertise is the foundation of our solutions.

In the construction sector, you face financing, surety market, and tax landscape developments that can complicate planning. A partner who understands your industry and the financial reporting requirements you face helps you address compliance concerns, take advantage of tax provisions, and optimize your operations.

CBIZ understands construction, serving a wide range of entities, including general commercial contractors, specialty contractors, residential builders, architects, and engineering firms. Additionally, many of our professionals hold the Certified Construction Industry Financial Professional (CCIFP) designation, the only industry-recognized certification distinguishing a financial professional’s understanding of the construction industry. With our team, you can receive sound advice that adds value to your bottom line.

Solutions for Construction

  • Audit & Assurance Services*: Receive a full spectrum of audit and assurance services for construction companies, including financial statement audits and audits of employee benefit plans with our MHM team.
  • Federal Tax Incentives & Credits: Access numerous federal credits and incentives that provide specific benefits for construction companies.
  • State & Local Tax Reviews: Capture the state and local tax incentives for which you qualify and negotiate tax packages that minimize tax burdens with the help of our state and local tax team.
  • Succession Planning: Formulate a succession strategy that allows you to seamlessly transition ownership of your company while integrating pertinent changes to your tax plan.
  • Tax Compliance & Consulting: We work closely with your company to help you stay compliant with tax laws and regulations.

Converging factors will significantly raise cost for construction projects in 2021.

The construction industry is inundated with risks. In fact, the U.S. Bureau of Labor Statistics reports that 60% of construction worker deaths are attributed to the Occupational Safety and Health Administration’s (OSHA) 
Has your construction business experienced rising workers’ compensation costs due to on-the-job accidents? If so, your first response might be to try to reduce insurance costs and spending.

Anthony M. Hakes

Lead Managing Director

 602-264-6835
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    *CBIZ is a business consulting, tax and financial services provider and works closely with MHM (Mayer Hoffman McCann P.C.), an independent CPA firm providing audit, review and attest services. CBIZ and MHM are members of Kreston Global, an international network of independent accounting firms.