Construction Accounting Services
Just as a building that stands the test of time has to begin with a solid foundation, a construction business needs to be financially prepared to successfully ride out economic changes. To manage cash flow and stay profitable through the ups and downs, smart business owners turn to a local Baltimore, MD Accountant that’s experienced in construction accounting. At Thomas J. Palm, PA we’ve worked with a number of contractors and construction businesses so we understand the challenges you face. You can rely on us to not only manage your day to day accounting and bookkeeping tasks but to also supply the dependable financial data and advice you need to make important business decisions.
Industry specific services:
- Job costing
- Benchmarking analysis
- Operational reviews and assessments
- Bonding advisory services
- Overhead rates and allocations
- Fixed asset accounting
We deliver accounting and bookkeeping services built around the needs of Baltimore area businesses in the construction industry.
We offer tax preparation services and year-round tax planning to minimize taxes for all kinds of construction businesses. We can also calculate and submit your payroll tax filings.
Our payroll processing services are reliable and cost-effective. You can count on us to pay your employees on time, process unemployment claims, prepare 1099s and much more.
If you prefer to keep some accounting functions in-house, we can provide ongoing QuickBooks support to keep you on track. We can also review your QuickBooks file to make sure your data is current and accurate.
Starting a new business in the construction industry? We work with contractors and other new business owners to select the structure that will limit your taxes owed at the end of the year.