Real Estate and Construction Accounting Services
Take the uncertainty out of your real estate or construction financial reporting and tax returns with the premier construction CPA firm in the Baltimore metropolitan area.
At Acclare Solutions, our staff has decades of experience working with construction company owners in the Mid-Atlantic to tackle the complexities of job costing, revenue recognition and tax deferral strategies.
The Challenges We Solve
Here’s how Acclare Solutions simplifies your real estate and construction firm’s financial landscape:
Strategic Tax Planning
Evaluate risks and opportunities with client intake meetings and collaboration.
Evaluate optimal tax structure to defer tax liabilities and in some cases eliminate them.
Navigate tax accounting method choices, such as percentage of completion, completed contract accrual or cash basis and the combination thereof to provide owners the best choices and a better understanding of how the appropriate accounting method can impact the timing of your tax liabilities.
Identify specialized tax deductions and credits available in the real estate and construction industry.
Job Costing and Budgeting
Allocation of direct and indirect project costs to provide more clarity on the financial success of each help management identify problem areas quickly and efficiently.
Gain transparency into profit margins with detailed, project-specific reporting.
Advise on the use of real-time data to plan resources and manage budgets effectively.
Accurate and Timely Understanding of Project Based Revenue Recognition
Ensure accurate calculations using job based percentage of completion in accordance with FASB ASC 606.
Avoid overbilling or underbilling with accurate tracking on every project.
Forecast confidently with real-time insights into your contracts.
Compliance Support
Stay audit-ready with comprehensive internal financial statements.
Provide insights into bonding company requirements with dependable accounting practices, and improve bonding capacity utilizing forecasting budgeting and other business management techniques.
Team of well-seasoned professionals, each with at least a decade of construction experience.
Years of industry experience
Hundreds of clients served
Company sizes served
25+ Years of Experience
With over two decades of experience working with real estate and construction firms of all sizes, we’ve seen quite a bit in the industry. Whether you’re a general contractor, specialty trade contractor, home builder or real estate developer, our tailored CPA services are designed to support your goals.
Industry Expertise
Our team includes professionals with specialized knowledge of construction regulations and practices, such as revenue recognition and job costing.
Tailored Transparent Solutions
We know every construction business has different needs. That’s why we take a customized approach, aligning our services with your goals. No confusion, just clear, actionable insights that inform your strategy and compliance.
Our tailored CPA services empower you to take control of your finances, avoid pitfalls, improve profitability, and plan effectively for the future. As part of our advisory services, we offer strategic planning and succession planning services to help construction firms prepare for growth, leadership transitions, and long-term business continuity.
Why Partner with Acclare Solutions?
Start clarifying your financial and tax reporting today.
See first-hand the difference over two decades of real estate and construction accounting services expertise can make.
Schedule a consultation with our Baltimore-based construction CPAs.
Frequently Asked Questions
Construction accounting is a specialized discipline that addresses the unique financial challenges faced by the construction industry. Construction accounting requires a deep understanding of project-based estimating and job costing that is the basis for the success of each organization. Construction companies, contractors, and real estate development firms rely on accurate financial statements and reporting to make informed decisions, maintain compliance, and support their bonding capacity. Our construction accounting services are designed to meet these needs, offering tailored solutions that help construction businesses achieve their business goals. With a dedicated team of experts, we provide the support and expertise necessary to navigate the complexities of tax liabilities, financial reporting, and industry-specific challenges, ensuring your company is positioned for long-term success.
Managing cash flow effectively is essential for construction companies to maintain financial stability and mitigate risk. The construction industry faces ongoing challenges such as labor shortages, unpredictable project timelines, and fluctuating material costs and tax liabilities, all of which can impact cash flow. Our consulting services are designed to help construction businesses develop robust cash flow management strategies, including effective and precise job costing, detailed budgeting, and comprehensive financial reporting. By keeping accurate financial records and closely monitoring cash flow, construction companies can make informed decisions, avoid unexpected financial setbacks, and strengthen their financial performance.