Construction & Real Estate
As a busy construction/real estate business owner, you don’t have time to keep up with tax laws and regulations. We navigate this crucial area for you, removing the uncertainty and giving you time to grow your business.
The personalized approach taken by Councilor, Buchanan & Mitchell’s (CBM) team is one benefit to working with us. The other is unmatched talent. As the rapid pace and complexity of the construction environment places ongoing demands on you and your business, it’s good to know you have a trusted hand to help.
CBM’s professional team has more than 100 years of experience serving the accounting needs of construction and contractor businesses such as yours. Although we are primarily known for our work in the areas of taxation and assurance, our professionals have a wide range of expertise and can consult with you in many operational areas such profitability, cost control, productivity and financing, and management such as facilitating the succession of your business or a merger or acquisition. When applicable, we also help you develop a strategy that includes the advantages of setting up a separate entity for your underlying real estate, which can offer asset protection from creditors, and tax, estate planning and retirement planning benefits.
Our Expertise
Audit, Review and Compilation
An assurance engagement helps your construction business reduce risks, pinpoint threats, reduce costs and improve project transparency and reporting. CBM can help you strengthen internal controls through project controls and effective budgeting, support effective cost reporting and review contractor payments and compliance.
Tax Compliance and Strategy
Large contractors may face special tax rules, such as the requirement to use the percentage of completion method. But every contractor and subcontractor faces tax liabilities of one sort or another. CBM specializes in helping businesses identify the tax advantages associated with their particular entity type and owned real estate.
Management Advisory
CBM understands that running a construction company involves having access to knowledge beyond just tax and accounting. Our firm’s advisory professionals have expertise in several areas ranging from succession planning to forensic accounting. We can also help navigate the financial and operational aspects of a merger and assist with an acquisition including through our business valuation services.
Other Areas of Expertise
In addition, CBM’s professionals can assist with budgeting and cash flow management, job costing, cost segregation, financing arrangements, outsourced accounting and broad areas of risk management. Finally, our team includes conflict resolution professionals trained in helping business owners resolve financial disagreements. Should you and other stakeholders need assistance navigating financial issues, we can help.
Personalized Service
As a mid-sized firm, CBM provides you with personal service. That means being available when you reach out and providing you with a consistent, reliable team of professionals who get to know you as well as your business—to better understand your passions and goals, and your personal definition of success.
CBM’s team members regularly participates in trainings, so we stay current with tax laws and regulations relevant to your business and the industry. Bringing the same level of expertise as a larger firm, we then consult on an ongoing basis to make sure you have a solid foundation for a profitable venture in the long term.
Industry Affiliations
Councilor, Buchanan & Mitchell Celebrates 35 Years of Membership with Associated Builders and Contractors-Metro Washington
Thomas B. Bailey, a partner and director of construction and real estate services at CBM, receives recognition on behalf of the firm, from Associated Builders and Contractors-Metro Washington board member Dan Coffey. This year, CBM celebrates 35 years as a proud member of ABC-Metro Washington.
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