Two construction workers discussing plans at their work site

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.

Construction Accounting Services And Real Estate Accounting Services Include:

Tax Services

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.

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.

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.

Employee Benefit Plans

Auditing and advising clients on 401(k), 403(b), profit-sharing plans, and ESOP (Employee Stock Ownership Plans), as well as tax planning and assist with compliance with ERISA, Department of Labor and IRS regulations.

Connect With One of Our Construction & Real Estate Specialists

Contact Us

Eric S. Fletcher, CPA

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Gray K. Coyner, CPA

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Natalie R. Anzzolin, CPA

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Charles F. Helme III, CPA, CGMA

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Industry Insights

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December 4, 2023

It’s Important to Track Tools and Small Equipment

Is your business constantly replacing its tools and small equipment? Certain items that can fit in a backpack, pocket, or…

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November 30, 2023

6 Ways Construction Companies Can Strengthen Cybersecurity

Some contractors might assume hackers won’t bother with smaller construction businesses. Sadly, they’d be wrong. Construction companies tend to hire…

November 17, 2023

Construction Companies: Lean Into Tech to Optimize Accounting and Financial Management

The construction industry is renowned for its quality craftsmanship. However, it’s also sometimes known for a historical reluctance to adopt…

October 30, 2023

What Creates Nexus in DC, Maryland, and Virginia

What is Nexus? As your business grows and expands to provide goods or services to other states outside of your…

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Downloadable White
Papers & Reports

Download Our 2023 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.

Mid-Year Contractor Tax Planning Checklist 2023

The continued impacts of the Inflation Reduction Act of 2022, the Tax Cuts and Jobs Act (TCJA) and CARES Act of 2021, continues to drive an active tax policy environment. This constant change requires continued analysis and proactive planning for CPAs and their contractor clients.

The CICPAC Tax Thought Leadership Committee has compiled a brief summary of various tax planning issues potentially impacting our construction clients for consideration. In the interest of timing, this document only provides a brief overview and reminder of areas for further consideration during planning in 2023 and beyond.

Download our Q2 2023 Economic Newsletter for the Construction Industry

CICPAC, in collaboration with economist Dr. Chris Kuehl and Armada CI, has launched a quarterly economic report that specifically targets the construction sector.

This report offers a comprehensive analysis of various factors that affect the construction industry on a macro level, including regional construction spending, raw materials, supply chain, banking and financing matters, and the overall construction industry outlook.

2021 Coronavirus Legislation PDF Cover

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.

2021 Coronavirus Legislation PDF Cover
Leases PDF Cover

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.

Leases PDF Cover

Our Affiliated Construction & Real Estate Associations

CICPAC logo
American Subcontractors Association logo
Associated Builders and Contractors, Inc. logo
Construction Financial Management Association logo
Heavy Construction Contractors Association logo
NVBIA logo