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

New PPP Loan Forgiveness Applications

Posted By: Hertzbach , June 18, 2020

This article was published on June 18, 2020. The SBA has finally released updated Paycheck Protection Program (PPP) Loan Forgiveness Applications and instructions. You read that right, two forgiveness applications were released. The initially released PPP Loan Forgiveness Application (Form 3508) combined the instructions and the various parts of the application into a single 11…

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PPP Forgiveness: The Latest Update

Posted By: Hertzbach , June 4, 2020

**This article was updated to reflect additional guidance from the SBA and Congress. The intent of the Paycheck Protection Program Flexibility Act of 2020 was to keep the original deadline for PPP applications as June 30, 2020. Further, the Payroll Costs 60% Requirement was clarified as not being a cliff. The article below was updated…

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IRS Provides Updated FAQS for Corporate Net Operating Loss Carrybacks

Posted By: Tax Department , June 4, 2020

Over the past week the IRS has posted several updates to its Frequently Asked Questions spanning multiple topic areas.  One of these updates included additional information and clarification regarding Corporate Net Operating Loss carrybacks and interplay with Alternative Minimum Taxes.  The CARES Act provides C corporations with a 5 year carryback period for NOLs in…

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PPP Loan Forgiveness: The Two New Interim Final Rules & What’s Next for Borrowers

Posted By: Hertzbach , June 3, 2020

On May 22nd, the Small Business Administration (SBA) issued the fourteenth and fifteenth Interim Final Rules, which add to what is known about Paycheck Protection Program (PPP) loan forgiveness and the SBA and lender review process. The fourteenth Interim Final Rule, “Requirements – Loan Forgiveness” focuses on, as the name suggests loan forgiveness, and the…

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