Industries We Serve
CONSTRUCTION ACCOUNTING SERVICES
For Contractors and Builders
Construction companies face complex financial issues impacting profitability and stability.
Topel Forman provides specialized construction accounting, audit, tax, and advisory services designed to help contractors maintain accurate financial reporting, optimize tax strategies, and strengthen operational performance. Our professionals understand the nuances of construction accounting and provide proactive guidance tailored to each project and business structure.
Revenue Recognition and Project Accounting Requirements
Construction businesses face unique accounting challenges, particularly related to timing of revenue recognition and cost allocation. Proper application of accounting standards is essential to maintaining accurate financial statements and meeting lender and bonding requirements.
Our team assists contractors with:
- Percentage-of-completion method accounting
- Completed contract method reporting
- Work-in-progress (WIP) schedule preparation and analysis
- Recording construction draws
- GAAP Compliance for construction entities
- IRS method selection and tax implications
We evaluate cost and revenue recognition models to ensure alignment with GAAP standards and your long-term business objectives.
Construction Audit and Financial Reporting Services
Accurate financial reporting is critical for bonding capacity, lender confidence, and investor relationships.
Topel Forman provides:
- Financial statement audits
- Reviews and compilations
- Internal control assessments
- Revenue and cost recognition analysis
- Equipment capitalization guidance
- Joint venture accounting support
Our goal is to deliver reliable financial statements that support growth and regulatory compliance.
Construction Tax and Advisory Services
Construction companies benefit from proactive tax planning and strategic structuring. We provide:
- Entity selection guidance
- Tax method planning
- Enterprise Zone and work opportunity tax credits
- IRS audit representation
- Investor structuring and partnership guidance
- Succession and ownership transition planning
We combine industry-specific tax knowledge with practical business insight to help contractors improve their after-tax profitability.
Guidance Beyond Year-End Compliance
Our role extends beyond annual tax filings or audit deadlines. We serve as a year-round advisor to construction businesses. We work with clients to improve financial visibility across projects, strengthen internal accounting processes, monitor job profitability, navigate regulatory and tax law changes, support bonding and lending relationships.
Why Our Clients Choose Topel Forman
Construction businesses rely on Topel Forman for:
- Deep specialization in construction accounting
- Technical expertise in revenue recognition and WIP reporting
- Practical, business-focused advice
- Responsive, relationship-driven service
- Clear, timely financial reporting
We are committed to helping construction firms build a strong financial foundation for long-term success.
Talk To An Advisor
Jason Glickley
Robert Naselli
Industries We Serve
Brokers/Dealers
Every broker-dealer faces a unique set of challenges, including revenue recognition, fair value measurement, SEC and FINRA filing requirements, regulatory compliance and more.
CLOSELY-HELD BUSINESSES
Closely held businesses and their owners benefit from Topel Forman’s extensive tax and accounting experience tailored to the needs of a wide range of industries, entity types, and business structures.
Construction Accounting
Topel Forman understands the specialized accounting, tax, and consulting issues affecting the construction industry.
Dealerships
Topel Forman has years of experience in serving the unique need of automobile dealerships.
Employee Benefit Plans
Every company is different. Every retirement plan is unique. Every employee depends on the plan’s trustees to protect the integrity of their contributions and retirement investments.
High Net Worth Individuals
Topel Forman is a trusted name in high–net-worth tax planning, with extensive experience and a well-earned reputation for integrity, professionalism, and responsiveness.
Investment Companies
Investment companies face close scrutiny from the IRS, regulators and clients. Topel Forman offers a personalized approach working seamlessly with fund managers and accountants.
Manufacturing & Distribution
Topel Forman provides a wide range of accounting and audit, tax and consulting services to companies in the manufacturing and distribution industries.
Not-For-Profit Organizations
Not-for-profit organizations and private foundations face cumbersome tax compliance and auditing reporting requirements.
Private Equity
Topel Forman offers private equity accounting, tax and consulting services with a focus on understanding the unique challenges your business faces in order to deliver personalized results.
Professional Service Corporations
Professional services corporations (PSC) benefit from our hands-on approach to accounting, tax, and consulting services.
Real Estate
Topel Forman provides experience for real estate accounting and tax compliance that few firms can match, while offering the personalized attention and close teamwork we are best known for.
Technology
As an accounting firm with many clients in the technology industry, we provide agile services to support you from start-up to a successful exit strategy.