Construction

Hertzbach & Company, P.A. is an established provider of assurance, tax, consulting, and advisory services to the construction industry. Our clients range from small contractors and subcontractors to large construction organizations. Decades of experience immersed in the construction industry have given us the necessary skills to develop and implement effective strategies to meet your needs.

Originally founded as a certified public accounting firm focused on serving the construction industry, Hertzbach has over 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.

 

ASSURANCE & ACCOUNTING

• Audits, Reviews & Compilations
• Employee Benefit Plan Audits
• Overhead Audits
• Financial Forecasts & Projections
• Internal Audits
• Internal Controls Review & Design
• Agreed-Upon Procedures
• Preparation of Financial Statements

 

TAX 

• Federal, State & Local Tax Preparation
• Tax Reform Compliance & Strategies
• Income & Estate Tax Planning
• Year-End Tax Projections
• Long-Term Construction Contracts
• Alternative Minimum Tax Planning
• Estate & Succession Planning
• IRS Examination Assistance
• Individual Planning & Preparation for Owners
• Opportunity Zone Investment Analysis

 

CONSULTING & ADVISORY

• Surety & Bonding Assistance
• Operational Reviews
• Strategic Planning
• Cost Segregation
• Cash Management
• Exit Planning
• Mergers & Acquisitions
• 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

Shop Maryland Energy Weekend Announced for 2020

Posted By: Tax Department , February 14, 2020

The Maryland Comptroller’s office is reminding consumers of the annual Shop Maryland Energy weekend event. For 2020, this special sales tax holiday will be from Saturday, February 15 through Monday, February 17. During these three days, consumers will not have to pay the 6% state sales tax on qualifying ENERGY STAR® products, including standard size…

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2019 Tax Law Change Update

Posted By: Marketing , December 24, 2019

Highlights of spending package’s tax law changes The federal government spending package titled the Further Consolidated Appropriations Act, 2020, does more than just fund the government. It extends certain income tax provisions that had already expired or that were due to expire at the end of 2019. The agreement on the spending package also includes…

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WOTC Now Available in Year of Certification

Posted By: Tax Department , October 31, 2019

The Work Opportunity Tax Credit (WOTC) is available to employers who hire and pay qualified wages to individuals who are certified members of targeted groups.  The employer must receive certification from the designated local agency in order to claim the credit.  The WOTC has been available only in the year the wages were paid or…

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DC Paid Family Leave

Posted By: Tax Department , August 19, 2019

The District of Columbia has recently begun the first stage of implementing its new Paid Leave rules, which created a new benefit for employees and a new tax on employers. The DC Paid Leave Act provides up to: 8 weeks to bond with a new child 6 weeks to care for a family member with…

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