Construction is a diverse and challenging industry. The Peterson Sullivan team understands the business cycles, special federal and multi-state income tax, multi-state sales and use tax issues, financial reporting, and bonding requirements unique to construction contractors. Our construction team members assist our clients in maneuvering through these challenges to proactively plan for what may lie ahead.
We help our clients manage profitability and risk in an ever-changing market. We champion our clients’ goals through understanding the construction industry’s unique accounting and tax regulations. This allows us to help our clients assess how those regulations impact their overarching planning strategies. After the accounting and tax work is done, our clients understand what the numbers mean and what decisions to make going forward.
Our team members are active in construction industry organizations and have developed relationships with other professional service teams clients may need: attorneys, bankers, sureties, insurance providers, and bonding agents. We have former Washington State Department of Revenue employees on our construction team to guide our clients through the maze of construction Business & Occupation and sales tax rules. Additionally, we have construction clients across multiple states and local taxing jurisdictions for which we provide tax and consulting services. We have the broad reaching and local expertise our clients value and demand.
Whether your organization is a general contractor, specialty contractor, or an industry supplier, Peterson Sullivan’s construction team has you covered. Our construction services include:
ACCOUNTING & ASSURANCE SERVICES
- Financial Statement Audits, Reviews + Compilations
- Employee Benefit Plan Audits
- Contract Cost Audits for Project Owners
- Internal Control Review
- Agreed Upon Procedures
- Federal Tax Planning & Compliance
- State & Local Tax Planning & Compliance
- Construction Accounting Methods Consulting
- Energy Efficient “Green” Building Tax Deductions
- Research & Development Tax Credits
- Tax Structuring – Complex Deals
- Choice of Entity Structuring
- Work Opportunity Tax Credit