Construction CPA in Minneapolis and St. Paul, MN

Build Your Business with a Team of Construction Specialized CPAs

For more than 50 years, our construction CPAs have helped contractors and construction-related businesses see growth in an increasingly complex—and competitive—industry. With a broad slate of construction accounting services , we’re ready to be a cornerstone of your success.

Accounting, Auditing and Tax Services for Construction Contractors

Whether you’re a general contractor and/or subcontractor, you need an accountant who understands the nuances of construction expenses accounting in Minneapolis & St. Paul. To provide you with the expertise you need, we turn to our in-house Certified Construction Industry Financial Professional (CCIFP)—the only industry-recognized certification for financial professionals who specialize in the unique business of construction.

Our CCIFP, along with our team of construction CPAs in Minneapolis & St. Paul, can help you with everything from work-in-progress reports and construction budgeting to accounting for retentions in construction.Our goal: keep you out of the office and on the job site.

If your company is in need of an audit or review, a CPA Firm with construction industry knowledge is particularly valuable. This is because the construction industry requires certain disclosures that aren’t commonplace in others. And if your company needs help with bonding and sureties, a construction accountant can compile a presentation that meets both industry standards and a surety’s expectations.

Our Approach to Accounting for Construction Businesses

Projects move at breakneck speed. Plans change at a moment’s notice. Regulatory requirements reverse course in the blink of an eye. When you’re in the midst of the chaos, you need accurate financial information—especially internal and overhead cost data—at your fingertips. Our CPAs keep you informed, empowering you to make confident decisions when schedules are tight. From delivering a financial report analysis to assisting with journal entries preparation, we help you stay ahead of it all.

Indirect Costs of Contracts

Direct construction costs are easily tied to a specific project, but indirect costs can be harder to track. That’s because these include activities such as wear and tear on tools and equipment, quality control and inspection, and labor not directly attributed to one particular job. Improper accounting of such costs can easily skew your estimates, financial statements, and more. Let us help you identify and track indirect construction costs, so you can better understand your business and gain a competitive advantage.

Real Estate Development Accounting

A real estate development project takes place in three stages: pre-development, development, and post-development. Pre-development often incurs start-up costs such as market research, financing, and the acquisition of equity partners. Development costs include design and engineering, construction, and licenses and permits, to name a few. A project in the post-development stage will see costs for utilities, real estate taxes, and capital improvements.

Accounting for each cost—and related overhead costs—will depend on its nature and stage of the project. With a thorough understanding of how generally accepted accounting principles relate to regulatory requirements, our construction CPAs keep your real estate project in compliance at every stage.

Tax Accounting for Construction Contractors

The construction industry is constantly in flux, making it difficult to keep up with the many construction accounting and regulatory changes. Our construction CPAs are active in industry association and groups, such as the Minnesota Subcontractors Association, Associated General Contractors of Minnesota, Minnesota Builder’s Exchange, Associated Builders and Contractors (Minnesota / North Dakota Chapter), Association of Women Contractors, and Minnesota Surety Association. We stay at the forefront of industry developments, so you can stay focused on your business.

Here are a few resources for your construction business –

Top 5 Ways the New Revenue Recognition Standard Will Impact the Construction Industry – Kyla Hansen, CPA
3 Ways Budgeting Can Improve Your Construction Business – By Jason J. Loven, CPA, CCIFP