Construction & Real Estate

Thompson Greenspon serves the construction and real estate industries by providing accounting and tax services that are tailor made for your organization.

CONSTRUCTION ACCOUNTING & REAL ESTATE ACCOUNTING BUILT TO LAST

The construction and real estate industries have been a primary focus of Thompson Greenspon since our founding in 1956. We know these industries inside and out and can offer you personalized service that will save your company valuable time.

Real estate developers, home builders, subcontractors, real estate rental companies, and other construction and real estate professionals partner with us for long-term relationships. Our technical expertise gives you peace of mind and lets you focus on your expertise—running your business.

“We are extremely pleased with the service, professionalism and continuity that TG has provided us all these years.”

– Alan L.

Are you prepared for the new lease accounting standard?

ASC 842 is now officially in effect. Learn more on our Lease Accounting Standards webpage.

IMPORTANT CONSTRUCTION RESOURCES

IMPLEMENTING ASC 842 LEASES: FOCUS AREAS FOR CONTRACTORS

This whitepaper is offered to provide further insight to some key areas that you should be aware of when implementing the FASB ASU 2016-02, Leases (ASC 842) standard.

 

TAX PLANNING OPPORTUNITIES FOR THE CONSTRUCTION INDUSTRY

This whitepaper provides an updated summary of tax guidance potentially impacting our construction clients during 2021 year-end tax planning.

COVID LEGISLATION: 2021 TAX PLANNING OPPORTUNITIES

On March 27, 2020 the President signed the CARES Act, which includes many tax provisions that are intended to put cash flow in the hands of individuals and businesses. Additional coronavirus relief related legislation has been passed and is included in this whitepaper. Compiled is a summary of those changes potentially impacting our construction clients.

DOWNLOAD OUR FREE 2022 CONSTRUCTION SALARY SURVEY

PAS, Inc., the source for construction industry salary and benefit benchmark data, CICPAC, and Thompson Greenspon have developed a packet of the most comprehensive pay data available in the construction industry.

CONSTRUCTION ACCOUNTING AND REAL ESTATE ACCOUNTING SERVICES INCLUDE
TAXES

Tax Center

When you’re busy running a business, it’s challenging to carve out time for taxes. Count on our tax expertise to help you keep up with, and take advantage of, ever-changing tax regulations.

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Tax planning starts well before the tax year ends. Work with us to identify the best ways to minimize taxes while adhering to tax regulations. Count on our tax preparation services to ensure your taxes are done on time and correctly.

Whether you need an audit, review, or compilation, we can assist you. Thanks to our expertise and long-standing relationships in the industry, we can also help you respond to requests from banks, bonding companies, and suppliers. This assistance can help you save time in the loan approval process.

FINANCES

Financial Reporting & Assurance

We offer a wide range of assurance services, audits, and business assistance for construction and real estate entities.

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CONSULTATION

Advisory Services

Our advisory services include expert guidance whether you are starting a business, sharpening your strategic plan, or planning for succession.

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Looking ahead to retirement or planning the next step, we can help you position yourself to accomplish your goals while minimizing your taxes.

If you’re pressed for time, we can take over your daily, weekly, or monthly accounting or finance function. You will receive expert assistance and have more time to build your business.

ACCOUNTING

Outsourced Accounting

We handle accounting and bookkeeping services for construction and real estate companies, allowing you to focus on the day-to-day operations that are most important to your business.

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Construction Industry Insights:
5 Tips for Avoiding Profit Fade
Profit fade can be a serious problem for construction companies. It’s not only a red flag for sureties and lenders, but also a harbinger of doom for the overall financial...
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Could You Qualify for an Energy-Efficient Tax Deduction?
Section 179D of the tax code allows a deduction for the cost of energy-efficient improvements to new or existing commercial buildings, as well as certain residential rental buildings. Originally a...
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Sizing up a Public Infrastructure Project
Given all that’s going on in the nation and the world, the federal infrastructure bill passed toward the end of last year might seem to have gotten lost in the...
Read More

Our construction and real estate accounting specialists have extensive experience in the field and are pleased to offer you personalized service. Contact us today to schedule a consultation.