Construction

Barfield, Murphy, Shank & Smith (BMSS) has worked extensively with clients in the construction industry and our professionals have experience working with contractors, subcontractors, developers, home builders, and other construction clients. 

Our expertise goes far beyond the accounting and tax services a typical firm might offer. As your business partner, we can help you with bookkeeping, payroll, computer system selection and implementation, compliance reporting, and outsourcing the controller function.

How has BMSS served our construction clients?

• Advised how to better track and minimize job costs - changes that have an immediate impact on the bottom line
• Assist with hiring and developing organizational charts
• Contractor license renewals
• Develop systems to help better manage cash flow
• Develop construction company specific audit and accounting methods
• Financing projections
• Evaluate and select industry-specific software
• Help educate bankers to clients’ financial statements and set up working capital loans as well as equipment financing
• Negotiate bonding programs with brokers and bonding companies
• Review financial statements with clients and perform quarterly reviews
• Sales & use tax audits
• Succession and continuity planning
• Turnaround services
• Work to reduce costs in areas such as worker’s compensation and insurance