KKB understands the issues and challenges that shape the construction industry and affect business growth. Our accountants and advisors help owners and operators assess the effectiveness of their current operations and recommend best practices to minimize costs and maximize profits. Construction businesses rely on our advisors to anticipate concerns before they arise, identify workable solutions, and prevent critical issues from impacting the bottom line.
Working hand-in-hand with contractors, we provide specialized industry expertise and innovative services to attain the desired objectives, address risks, and take advantage of opportunities. To be prosperous in this competitive market requires managing everyday challenges, such as labor issues, insurance requirements, and bonding specifications, while keeping an eye on project profitability. In addition to addressing construction companies’ traditional accounting and tax needs, including attestation services – audits, reviews, and compilations – we provide a full range of strategic planning to build and support successful business operations. Leveraging decades of industry experience, our construction services team provides:
- Tax planning and analysis
- Financial statement preparation including audits, reviews, and compilations
- Strategic financial planning
- Analysis of job schedules and long-term construction contracts, including assistance with job estimating and cost consulting
- Federal and state tax planning
- Cash flow management analysis
- Selection and setup of accounting software
- Internal controls and reporting
At KKB, our advisors understand the unique needs of our clients in the construction industry. We value our construction owner and operator clients and provide them with the proper guidance, best practices, and innovative solutions necessary to obtain a competitive advantage.
IRS suspends processing of ERTC claims
/in Tax/by KKB CPAsWith fraudulent Employee Retention Tax Credit claims on the rise, the IRS has suspended claim processing through year end. Continue Reading IRS suspends processing of ERTC claims
It’s important to understand how taxes factor into M&A transactions
/in Tax/by KKB CPAsBuying or selling a business? It may be the most important transaction you ever make. So it’s important to seek professional tax advice as you negotiate. Don’t wait until a deal is done! Continue Reading It’s important to understand how taxes factor into M&A transactions
Plan now for year-end gifts with the gift tax annual exclusion
/in Tax/by KKB CPAsThe estate and gift tax exemption amount is scheduled to be cut drastically in 2026 when the related Tax Cuts and Jobs Act provisions expire (unless Congress acts to extend them). Making tax-free gifts before then can cut the size of your taxable estate and may be one way to address this potential threat. Continue Reading Plan now for year-end gifts with the gift tax annual exclusion