Construction accounting

Contractors, builders, and developers will benefit from Torkelson’s experience and knowledge of construction industry accounting, best practices for financing and forecasting, tax preparation and planning, expense and record-keeping controls, and fiscal budgeting.

Torkelson partners, Rick and Lori specialize in all facets of the construction industry. The state of the economy can have an enormous impact on this sector, but we can help you be prepared whatever the weather with tax and accounting expertise that will help guide your business into the future. The following services are just some of what we can offer construction businesses:

Negotiation of lender financing

Accounting systems that comply with record-keeping goals

Preparation of forecast projections and budgets for lenders

Entity research and selection, including LLCs, corporate partnerships, and C and S corporations

Payroll setup or use of subcontractors based on market outlook

Tax reporting for quarterly and annual reports

Worker’s compensation

Software system and upgrade management

Accurate project cost analysis

Preparation of bonding company data and preservation of bondable status

Licensing issues

Connect with us to learn more using our Contact form.