Fuoco Group’s construction accounting group understands the challenges this industry faces such as changing tax and reporting regulations, unstable surety and banking markets, labor shortages, rising costs, and fierce competition. Success in the market depends on management’s educated decisions and informed predictions of future trends. TFG has its finger on the pulse of business, financial, tax and technical issues impacting construction both in the U.S. and overseas. Our guidance is your competitive edge wherever you do business.
COVID has increased the challenges facing the construction industry in the years ahead. Increasing regulation, low productivity, construction starts, commercial lending, building costs and bonding issues continue to impact the sector’s recovery. Our innovative tax planning techniques and business consulting services assist you with:
- Job cost efficiency and profitability analysis
- Claims preparation, analysis, consulting
- Federal acquisition regulations (FARS) audits – contract compliance
- Maximizing bonding and credit capabilities
- Overhead analysis (corporate overhead rate allocation models – dual vs. single rate and project overhead allocation)
- Project manager training and impact on financial reporting
- Accounting for percentage of completion
- Benchmarking and analytical review
- Post pandemic strategy – CARES Act tax credits and PPP Loan Forgiveness
