Construction Accounting and Tax

Southwest Colorado construction accounting

It's a constant challenge for construction businesses to effectively control costs so they can remain competitive. Partnering with a local Southwest Colorado CPA that’s experienced in all facets of construction accounting and taxation can help you stay on the path to success. Laura E. Hokanson, CPA, CGMA, MSc works with everyone from general contractors, home builders, painters and plumbers to electricians, HVAC companies and other small contractors. I can help you manage cash flow more efficiently through job costing reports and periodic financial statements that keep you informed every step of the way. I'll also develop a tax planning strategy to reduce your tax liability so you can hold on to more of your profits.

You’re welcome to outsource most of your accounting and tax needs to me, but if you prefer to keep some functions in-house, I can train your staff in construction accounting practices and QuickBooks® Premier for Contractors. Call (970) 426-2256 and request a free consultation today to learn more.

Accounting for the Construction Industry

Accounting Services

  • CFO/Controllership Outsourcing
  • Bookkeeper oversight and training
  • Full-service accounting for contractors
  • Bank reconciliations
  • Accounts receivable (general, sub-contractor, architect, engineer billings)
  • Accounts payable
  • Period-end closing and reconciliation
  • Job/contract schedules
  • Financial statement preparation
  • QuickBooks Premier for Contractors set-up, training and consulting
  • Budgeting
  • Cash flow planning and management
  • Liaison with outside CPA, attorneys, bankers and other consultants

Consulting and Advisory Services

  • Strategic and financial consulting
  • Strengthen internal controls and related monitoring
  • Accounting systems and controls
  • Procedure manuals
  • Payroll check up
  • Financial reporting and analysis
  • Job costing evaluation, recommendations and training
  • Fixed asset purchase planning
  • Software needs assessment and accounting system recommendations

Tax Services

  • Tax planning for completed contract method filers
  • Property and sales and use tax consultation
  • Tax planning concerning compensation methods for owners
  • Employee benefit plan consulting
  • Tax planning concerning related entities
  • Liaison with outside CPA that prepares the corporate tax return