Construction & Real Estate
CONSTRUCTION ACCOUNTING & REAL ESTATE ACCOUNTING SERVICES 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, general contractors, 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.
MID-YEAR CONTRACTOR TAX PLANNING CHECKLIST 2022
With the recent signing into law of the Inflation Reduction Act of 2022, and continued impact from the Tax Cut and Jobs Act (TCJA) and CARES Act during 2021, it continues to be an active tax policy environment. This constant change requires continued analysis and proactive planning for CPAs and their contractor clients. This document provides a brief overview and reminder of areas for further consideration during planning in 2022 and beyond.
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 2022 CONSTRUCTION COMPENSATION REPORT
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 SERVICES AND REAL ESTATE ACCOUNTING SERVICES INCLUDE
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.
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.
Financial Reporting & Assurance
We offer a wide range of assurance services, audits, and business assistance for construction and real estate entities.
Advisory Services
Our advisory services include expert guidance whether you are starting a business, sharpening your strategic plan, or planning for succession.
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.
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:
Prepare for Stricter Cybersecurity on DoD Contracts
The Essentials of a Subcontractor Prequalification Process
Succession Planning Is a Journey of Many Steps
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.
