Industries

Construction

Many construction business owners dedicate most of their time working in the business, but few are able to devote significant time and resources to work on the business. As advisors, it is our goal to provide sound advice to the general contractors, subcontractors and home builders we serve by developing solutions for the more complex business management needs of the construction industry.

Our experts understand the issues business owners face, including the ever-changing tax and reporting regulations, unstable surety and banking markets, labor issues, rising costs and unrelenting competition. We assist clients by increasing efficiencies in each of the four construction processes—estimating, production, accounting and analysis. We offer industry-specific business advisory services designed to increase your profitability, improve your competitive position and reduce your operating costs.

In addition to traditional accounting, auditing and tax services, our construction specialists provide assistance in the following areas:

  • Job cost efficiency and profitability analysis
  • Federal acquisition regulations (FARS) audits (contract compliance)
  • Maximizing bonding and credit capabilities
  • Benchmarking and analytical review
  • Strategic sales and use tax planning
  • Internal control and other management recommendations

In addition, our experience with other construction companies allows us to assist you effectively with various tax issues, including:

  • Efficient, accurate and timely compliance services
  • Knowledgeable tax authority representation
  • Experienced reorganization structuring assistance
  • New entity selection assistance
  • Multi-state compliance and nexus planning
  • Cost segregation studies to maximize depreciation
  • Depreciation analysis

Client Testimonial

I have had the pleasure of working with Jim Holmes and John Staehler for over 10 years and have been very satisfied with both the tax and audit services that they and the Vrakas team have provided. Vrakas has always been highly professional, knowledgeable, reliable and responsive. When I first acquired the company, Vrakas conducted a cost segregation study which resulted in certain assets being made eligible for accelerated depreciation, which boosted our cash flow in the first few years, when it was most needed. They have been a good strategic partner. Steve Martin
Chairman
VPI Corporation