Construction Accounting & Advisory Solutions

Helping Construction Companies Build Profitability & Stability

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Gavin Scott

gavin.scott@squire.com

Helping Construction Companies Build Profitability & Stability

The construction industry operates on tight margins, fluctuating material costs, labor shortages, and complex regulatory demands. Whether you’re a general contractor, heavy-construction firm, home builder, or specialty trade contractor, managing financial risks while ensuring project efficiency is critical to long-term success. 

At Squire, we’ve been trusted by the construction industry for over 50 years, helping firms gain financial clarity, improve cash flow, and implement scalable financial systems. Our specialized construction team works alongside you to control costs, maximize tax benefits, and build a foundation for long-term growth. 

Photo of buildings with construction and crane

Industry Challenges & How We Help

From rising costs and labor constraints to tax compliance and financial reporting, construction firms face constant challenges that impact profitability and project success. Here’s how Squire helps you stay ahead: 

  • Inaccurate Job Costing Leads to Profit Loss

    Many construction firms struggle to track true costs, allocate expenses correctly, and forecast project margins, leading to pricing uncertainty and shrinking profits. 

    How We Help: Our job costing and profitability tracking systems provide real-time insights into labor, materials, and overhead costs—so you can bid competitively and protect your margins. 

  • Cash Flow Issues Create Project Delays & Payment Challenges

    Delayed payments, retention holdbacks, and large upfront costs create cash flow instability, making it difficult to pay vendors, meet payroll, and fund new projects. 

    How We Help: Our cash flow forecasting and financing solutions help you smooth out cash fluctuations, improve liquidity, and secure funding for upcoming projects. 

  • Rising Labor Costs & Workforce Shortages Hurt Profitability

    With increasing wages, a shrinking labor pool, and complex payroll requirements, balancing workforce costs while maintaining profitability is a constant challenge. 

    How We Help: We streamline payroll processing, optimize contractor payments, and implement cost control strategies to help you retain skilled workers while managing workforce expenses effectively. 

  • Unpredictable Material Costs & Supply Chain Disruptions Impact Budgets

    Fluctuating material prices and supply chain slowdowns increase project costs and delay completion, reducing profitability and frustrating clients. 

    How We Help: Our cost forecasting and risk mitigation strategies help you lock in pricing, control expenses, and minimize project disruptions. 

  • Construction Tax Compliance is Complex & Costly

    Navigating multi-state tax laws, contract structuring, and industry-specific deductions is overwhelming, and failure to comply can lead to penalties, audits, and missed tax-saving opportunities. 

    How We Help: We handle multi-state tax compliance, tax planning, sales tax planning, and construction tax credits—ensuring you stay compliant while minimizing tax burdens. 

  • Lack of Real-Time Financial & Project Reporting Slows Decision-Making

    Without centralized data and accurate reporting, construction firms struggle to monitor financial performance, control costs, and make informed decisions in real time. 

    How We Help: We integrate ERP, accounting, and project management software to provide automated, real-time reporting and financial dashboards for smarter business decisions. 

  • No Succession Plan Puts Your Business at Risk

    Many construction firms lack a structured succession or exit strategy, leading to instability when owners retire or transition leadership. 

    How We Help: Our M&A advisory and succession planning services help you protect your legacy, maximize company value, and ensure a seamless transition. 

Tailored Services for Construction Companies

  • Business Advisory & Growth Strategy

    • Job cost accounting & project profitability tracking
    • Strategic cash flow planning & financial forecasting
    • Labor cost analysis & workforce planning
    • Business succession & ownership transition planning
    • M&A advisory and financial due diligence

  • Tax & Compliance Solutions

    • Multi-state tax compliance & contract structuring
    • Construction-specific deductions & tax credits
    • R&D tax credits for innovation & process improvements
    • Sales tax compliance & exemption management
    • Regulatory compliance & audit readiness

  • Audit & Assurance

    • Financial statement audits & reviews
    • Agreed-upon procedures & risk management reporting

  • Outsourced Finance & Accounting

    • Virtual CFO & Controller services
    • Payroll & contractor payment processing
    • Construction-specific bookkeeping & accounting
    • Financial reporting & project forecasting

  • Technology & ERP Solutions

    • ERP implementation & optimization (NetSuite, QuickBooks, Microsoft Dynamics)
    • Construction project management & financial reporting system integration
    • Job costing & expense tracking automation
    • Data analytics & real-time performance tracking
Photo of roofer ,carpenter working on roof structure at construction site
photo of yellow safety helmet on workplace desk with construction worker team hands shaking greeting start up plan new project contract in office center at construction site, partnership and contractor concept

Why Construction Firms Trust Squire

  • Industry-Specific Expertise

    Serving general contractors, heavy-construction firms, home builders, and specialty trade contractors.

  • Integrated Financial Solutions

    Connecting project accounting, job costing, and financial reporting for full financial oversight.

  • Technology-Forward Approach

    Helping construction firms implement ERP, automate reporting, and leverage data for strategic growth.

Lets Connect

Build a More Profitable Future with Squire. Want to streamline cash flow and protect project margins? Need a better system for managing job costs and reporting? Looking for tax strategies to reduce costs and stay compliant? Let’s talk about a smarter financial strategy for your construction business.

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