In today's business landscape, an effective accounting management system is essential for success. Construction projects have unique financial and accounting needs, such as job costing, budgeting, and managing long-term projects.
Aside from this, the construction accounting industry is undergoing significant changes, largely driven by trends such as market changes, automation, and technological advancements, among others. Construction accounting companies must be able to provide personalized services and sustainable practices to stay competitive.
For construction companies in search of premier finance and accounting solutions, we've compiled a selection of the "Top Construction Accounting Firms." Let's explore their offerings and strengths to understand why they stand out as preferred options for streamlined accounting outsourcing services.
Top Construction Accounting Firms
Our list of Top Construction Accounting Firms is crafted to offer businesses a reliable resource for selecting partners with specialized knowledge, proven expertise and an excellent track record. We understand the importance of trustworthy financial support and advice, and aim to provide businesses with a selection of firms that excel in delivering tailored solutions to meet their specific needs.
Criteria for Selection
We carefully selected accounting outsourcing companies by considering what businesses value most. This includes their expertise, feedback from clients, technology skills, reputation in the industry, and the range of accounting services they offer. We also looked at how well they provide customized tax and business solutions to help clients with tax planning and compliance. This ensures that the companies we chose are well-prepared to meet the various accounting needs of organizations.
RedHammer
RedHammer focuses on providing accounting services tailored for the construction industry, including general contractors, specialty subcontractors, architects, and engineering firms. They offer guidance on optimizing your financial systems, maintaining day-to-day accounting activities, and enhancing banking processes to maximize cash flow and profitability.
RedHammer’s services have enabled construction company owners and managers to optimize bidding, cash flow, and profits, offering them a competitive edge and increased profitability with less operational stress.
Their services extend beyond accounting to include operational advice, system implementations, bookkeeping, job cost reporting, and advanced accounting solutions like capital advisory and fractional CFO services. The company has regional offices in the United States (Hawaii and Arizona).
Founded in 2011, RedHammer positions itself as an essential partner in the construction industry, aiming to handle the complexities of accounting so construction businesses can focus on their core operations. Get in touch with RedHammer today.
RSM U.S.
RSM offers a range of services including audit, tax, and consulting specifically tailored for the construction industry, and technology solutions, helping companies navigate complex business cycles and improve performance.
RSM also provides personalized advice to address the unique needs of commercial contractors, heavy and civil contractors, residential builders, specialty contractors, and architectural and engineering firms.
RSM has various locations across the United States, including major cities like Chicago, Birmingham, Anchorage, Phoenix, and Los Angeles. RSM US also has global reach, with Delivery Centers across India (Gurugram, Hyderabad, Bengaluru, Kolkata) and in San Salvador, El Salvador. As a member of RSM International, they provide assurance, tax, and consulting services globally.
BDO USA
BDO offers customized, multidisciplinary tax, audit, and advisory services to help clients navigate economic and sector influences, focusing on growth, risk minimization, and modernization.
BDO’s Advisory practice offers regulatory, risk, and transformation services. Also, the firm’s strategic tax advisors help businesses understand the tax implications of their decisions and assess their tax.
Aside from this, BDO provides audit and assurance services to ensure businesses meet stakeholder expectations and maintain integrity in the capital markets. This service offers strategic technology and business advisory to support organizations of various sizes.
BDO also assists clients at different stages of sustainability and ESG compliance.
CLA (CliftonLarsonAllen)
CLA (CliftonLarsonAllen) offers a range of professional services including Wealth Advisory, Digital Audit, Tax Consulting, and Outsourcing. They emphasize a seamless experience through personalized advice and industry-specialized teams.
The firm boasts deep industry specialization with service capabilities embedded within each industry group, aiming to be a key business advisor. CLA tailors its offerings to privately held businesses of all sizes, addressing the unique needs of owners and leaders.
CLA has a dedicated construction team with expertise in navigating financial, tax, operational, and strategic challenges specific to the construction industry.
The company has more than 8,500 professionals in 130 locations across the United States.
FORVIS
FORVIS is a merger of two large accounting firms namely, BKD and DHG (Dixon Hughes Goodman), last June 1, 2022. The new firm is a national professional services firm offering assurance, tax, and advisory services.
FORVIS provides financial reporting, audits, reviews, compilations, and various assurance reports to ensure accurate information about a firm’s financial strength. The team also offers tax services such as responsive planning and compliance for state, local, federal, and international taxes, as well as technical and planning services tailored to company needs, including risk management, strategic planning, and technology system implementation.
With over 5,400 professionals, FORVIS serves clients across all 50 states and internationally, focusing on expanded advisory services and specialized industry intelligence.
Just last November 15, 2023, Forvis announced a merger with Mazars, creating a new global top ten audit and advisory network with projected annual revenue of around $5bn, set to close on June 1st, 2024. The merger is anticipated to result in sustained revenue growth, profitability, and an expanded global reach, positioning Forvis Mazars to capitalize on new markets.
Baker Tilly
Founded in 1931, Baker Tilly has evolved from a local firm to a global entity.
The company offers specialized services in various sectors including the construction industry, providing financial structuring, balance sheet planning, and business process improvement services.
Baker Tilly provides comprehensive and innovative tax solutions with advance planning techniques, covering critical areas such as policy, employee benefits, and various tax credits.
The firm has offices located across the United States.
Crowe
Crowe is a public accounting, consulting, and technology firm with deep industry expertise, providing audit services to public and private entities.
The firm offers tax, advisory, and consulting services. An independent member of Crowe Global, the firm is part of a vast network comprising over 200 firms in more than 130 countries.
Crowe offers a range of services for the real estate and construction industry, including audit, tax, advisory, and consulting services, and helps clients manage challenges like supply chain and labor shortages. The firm has over 165 specialists dedicated to serving various subsets within the industry, such as architects, contractors, and real estate investment trusts (REITs).
Headquartered in Chicago, Crowe has office locations across the U.S., with an extensive network of over 5,000 specialists.
CBIZ and MHM
CBIZ MHM, LLC, operating under the brand name CBIZ MHM, is a national professional services company. It’s a fully owned subsidiary of CBIZ, Inc., (Century Business Services, Inc.) offering a wide range of services to individuals, tax-exempt organizations, and various companies.
MHM (Mayer Hoffman McCann P.C.) spun off its tax and consulting practice in 1988, which merged into CBIZ. Both as separate legal entities that work together to serve clients’ business needs, MHM is an independent CPA firm that provides audit, review, and assurance services, while CBIZ offers business consulting and a comprehensive range of professional advisory services, including financial services, accounting, tax, insurance, and HR advisory.
They have expertise in various industries, including construction, healthcare, retail, manufacturing and distribution, and real estate.
A significant aspect of CBIZ and MHM’s service is the strong relationships they build with clients. Both CBIZ and MHM have global reach and affiliation with an international network of independent accounting firms.
Marcum
Marcum LLP is a national accounting and advisory services firm established in 1951. The firm offers a wide range of services including tax, accounting, assurance, advisory, with a focus on valuation, forensic and litigation services, technology consulting, and managed services.
Marcum supports entrepreneurial, middle-market companies and high net worth individuals in various sectors such as private equities, hedge funds, real estate, government, healthcare, among others.
Marcum offers comprehensive services for the construction industry, providing solutions such as audits, internal controls review, financial forecasts, and due diligence on acquisitions, aimed at proving compliance and profitability to lenders and bonding agents. Marcum delivers tax deferral maximization, estate planning, multi-state tax consulting, and more, tailored to the unique needs of construction companies.
Specializing in middle-market companies and closely held family businesses, they are dedicated to providing insightful guidance to help clients succeed. Marcum LLP has offices in the United States as well as international offices in China, Cayman Island, Ireland, and Singapore.
Moss Adams
Moss Adams offers a wide range of services including accounting, consulting, and wealth management, tailored to various industries with a focus on growth and resilience.
Moss Adams offers extensive international services, including assurance, tax, and consulting, for organizations operating globally.
With over a century of history, Moss Adams values the potential of their clients and provides specialized knowledge in sectors such as Aerospace & Defense, Automotive & Dealer Services, Communications & Media, Energy & Utilities, Financial Services, Government Services, Health Care, Hospitality, Insurance, Life Sciences, Manufacturing & Consumer Products, Private Clients, Private Equity, Professional Services, Real Estate, and Technology services, among others.
The firm offers services tailored for construction companies, addressing common challenges like managing cash flow and staying competitive through proactive solutions beyond basic tax and accounting needs.
Moss Adams has offices in the U.S. as well as an international center in India.
Plante Moran
With a history spanning 100 years, Plante Moran offers a broad range of services, from audit, core compliance to advanced planning strategies, like consulting, and wealth management, addressing the unique tax situations of public companies, law firms, and other partnerships.
The firm assists with international tax compliance and planning, as well as comprehensive range of federal tax services, including accounting method changes, tax planning, compliance, cost segregation, and more.
Plante Moran emphasizes a personal approach to business, valuing the trust and success of staff, customers, investors, and the community.
The company has a significant global reach, with over 3,800 staff members in offices across the U.S. and international locations in China, India, Japan, and Mexico, supporting clients in more than 150 countries.
Both the company’s U.S, and international offices in China. India, Japan, and Mexico, provide local partnerships and resources to support global business needs.
Wipfli
Wipfli is a professional services firm with over 3,200 associates, offering integrated solutions such as assurance, tax, and consulting services to turn data into insights, optimize workflows, and drive digital innovation, focusing on creating a lasting, positive impact for clients, communities, and individuals.
The firm specializes in various industries like financial institutions, healthcare, manufacturing, and more, providing services such as digital, audit, tax, consulting, cybersecurity, and private client services.
Aside from traditional accounting and tax services, Wipfli offers strategic advice to resolve disputes, and leverage technology. Wipfli offers to help construction businesses look beyond day-to-day operations by integrating financial solutions with disciplines like IT and talent management for a comprehensive future plan.
Conclusion: Why These Companies Made the List
These accounting outsourcing companies are recognized as "Top Construction Accounting Firms" because of their focus on specialized expertise, industry knowledge, and practical advice. Their widespread reach, extensive connections, and commitment to client satisfaction further establish them as trusted leaders in the construction accounting sector.
Providing Outsourced Construction Accounting Management Services with flexible contracts, RedHammer focuses on offering tailored accounting services to help you improve your operations and cash flow.
Outsource Construction Accounting Services toRedHammer today.
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