Construction

Hertzbach & Company, P.A. is an established provider of full service accounting, tax and consulting services to the construction industry. Our clients range from small contractors and subcontractors to large construction organizations. Our decades of experience give us the depth needed to effectively and efficiently develop and implement strategies to meet your needs.

Originally founded as an accounting and consulting firm working within the construction industry, Hertzbach has 70 years of experience working side by side with contractors. We understand that operating a construction business is challenging and requires management’s constant attention. Our Construction Industry Group consists of an experienced team of professionals that includes several Certified Construction Industry Financial Professionals (CCIFP®). The comprehensive services we provide include accounting and auditing, assurance, tax planning and preparation, business advisory services, surety and bonding assistance and cost segregation services.

 

ACCOUNTING & ASSURANCE

Audits, Reviews & Compilations

Employee Benefit Plan Audits

Financial Forecasts & Projections

Internal Audits

Internal Controls Review & Design

Mergers & Acquisitions

Due Diligence

Monitoring

 

TAX SERVICES

Federal, State & Local Tax

Income & Estate Tax Planning

Year-End Tax Projections

Long-Term Construction Contracts

Alternative Minimum Tax Planning

Cost Allocation

Estate & Succession Planning

IRS Examination Assistance

Tax Compliance and Planning

Long Term Contract Tax Regulations

Tax Preparation for Owners & Businesses

 

CONSULTING & ADVISORY

Surety & Bonding Assistance

Operational Reviews

Strategic Planning

Cost Segregation

Cash Management

Exit Planning

Litigation Support

Business Valuation

Outsourced Accounting Services

Data Security Risk Assessments & Audits

IT Consulting

CERTIFIED CONSTRUCTION INDUSTRY FINANCIAL PROFESSIONALS

The Certified Construction Industry Financial Professional (CCIFP®) designation is the only certification for construction financial professionals and is accredited by the American National Standards Institute (ANSI) under ISO 17024:2012. The ICCIFP provides the construction industry with a third-party verification of an individual’s knowledge, which is essential to ethical financial management in today’s complex construction industry.

Industry Affiliates

Construction Blog

IRS Releases Proposed Regulations and FAQ on New Business Interest Limitation

Posted By: Tax Department , November 27, 2018

On November 26th the IRS released Proposed Regulations addressing the §163(j) business interest limitation.  This was a major provision of the TCJA.  Along with the Proposed Regulations they provided a list of FAQs explaining how the limitation works.  We will be combing through the Proposed Regulations for any new insights they provide, check back for…

Continue Reading

Are You Ready for the New Revenue Recognition Standard?

Posted By: Hertzbach , November 8, 2018

Ready or not, the implementation period for the new revenue recognition standard (ASC 606) is here.  The standard takes effect for private companies for annual reporting periods beginning after December 15, 2018 (or fiscal years beginning 1/1/2019). Many private companies are still not focused on the standard and how it will affect them, despite the…

Continue Reading

Which accounting system upgrades should I look for?

Posted By: Construction , October 29, 2018

My construction company hasn’t upgraded its accounting software in a while — and it shows. We’ve lost a few invoices, had a couple of payroll delays, and let’s not even get into filing our taxes. I know we need to do better, but I don’t want to overspend on system features we’ll never use. Which…

Continue Reading

Dollars and Sense: Tips on managing and reducing payroll costs.

Posted By: Construction , October 1, 2018

Every construction company must pay its employees, so some payroll costs are unavoidable. But precisely how you should go about paying your employees can change over time. What made sense a few years ago may not be as logical or efficient now. Let’s look at some ways contractors can streamline payroll tasks to keep costs…

Continue Reading

Key Services

©2018 HERTZBACH & COMPANY, P.A. All Rights Reserved.