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.

Vrakas is a member of the Construction Financial Management Association (CFMA) and regularly attends construction industry specific training to stay up to date on the latest trends.

Click here to read an informative blog about planning for the construction industry. 

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
“Mike and the Vrakas team have worked hard to fully understand the uniqueness and dynamics of the business at the Pettit National Ice Center. This has been exceptionally helpful in the efficient preparation of our annual audit, plus they have been able to offer insightful counsel on how we can improve financial management and related systems, as the Center has expanded its offerings to the community and sustained its partnership with the United States Olympic Committee.” Randy Dean
Executive Director, Pettit National Ice Center - U.S. Olympic Training Site
Seventeen years ago Linda and I were introduced to Vrakas as we went about searching for a business to buy. From the first meeting, we knew that this was the firm we wanted to put our trust in for our accounting and tax needs. Seventeen year later they continue to earn and deserve that trust with their professionalism and service.Mike Katz
Molded Dimensions, President