Hiring a CPA Firm with both industry and business expertise is vital for a business faced with complex accounting and tax procedures. In today’s economic environment, a financial misstep or a poor business decision can mean the end of an long functioning business.
Knowledge of rapidly changing procedures is the key to success in the construction industry. Many contractors find themselves picking projects well below their target margins.Where profits are tight, one new project can strain remaining resources. That is why it is important to have a well-grounded understanding of costs, aggressive cash management, reliable financing sources, and expert business advice.
Faris CPA can bring the following the three basic assets to any contractor’s team:
- Knowledge of the many complex accounting and tax issues facing contractors;
- The ability to accurately prepare financial statements needed to secure funding; and
- Consulting support to make decisions where there is little margin for error.