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At Ceschini CPAs we have a full-time dedication to the construction industry. Every industry has special characteristics, but the construction industry is truly unique. Construction’s susceptibility to business cycles, special income tax problems, information systems, financial reporting, bonding needs, and financing needs all require special knowledge on the part of professionals who serve the industry.
Taxation
Ceschini CPAs make a special effort to help our clients plan for tax savings. Proper planning requires special knowledge of the many unique tax issues of contractors. But experience is not the only factor in achieving excellence. It takes creativity, ability, training and discipline.
Planning
Preparing business plans is a process, not an event! To assist our clients in planning, Ceschini CPAs uses our knowledge of the company, the industry, and all the external forces affecting the company. Someone who has been part of the planning process for construction companies is more knowledgeable than an experienced planner who has not. Because we help so many construction companies plan, we are better prepared to help you.
Bonding
Bonding companies (also called surety companies or sureties) have a special, critical relationship with construction companies. Understanding a company’s needs and how to communicate them to the bonding agent is important— sometimes indispensable. Our knowledge and experience in this regard is invaluable when preparing financial reports. Bonding companies know our capabilities and enjoy added comfort when dealing with a client of ours.
Financing
Working capital lines and equipment financing are often crucial, since many bond arrangements are contingent upon having adequate working capital lines to ensure the uninterrupted and efficient conduct of each job. The requirements of bankers are similar to those of bonding companies. Our knowledge of these requirements will benefit you.
Systems and Procedures
Whether automated or manual, information systems are the structural foundation on which a company runs. Our consulting professionals deal extensively with the construction industry. We are familiar with its special needs and the available software to meet those needs.
Other services
In addition to the important services described above, we are also experienced in providing the following services to construction firms: benefits and compensation plans, mergers and acquisitions, valuations operational reviews, succession planning, including buy/sell agreements, estate plans, etc