Running a successful construction business takes more than good tools and hard work. It requires the assistance of professionals who know the industry and can help you operate more efficiently and successfully.
For decades, Yount, Hyde & Barbour has been providing tax, accounting, auditing and consulting services that help contractors and developers do exactly that. Because construction and real estate are a main focus of our firm, we’ve developed great expertise in anticipating and meeting the needs of businesses like yours. We’ve also built strong relationships with bankers, sureties and other professionals who can help you get what it takes to do job one: make a profit.
To stay on top of industry trends and issues, we are active members of the Construction Financial Management Association, Associated General Contractors, Associated Builders and Contractors, the Construction Industry CPAs/Consultants Association and local chapters of the National Association of Homebuilders. We are also continually refining our technical knowledge by participating in various training and continuing professional education programs.
As a result, YHB is ready to help you build your success with services that include:
- Audits, reviews, and compilations, including Federal Acquisition Rate (FAR) audits
- Tax planning and filing
- Historic Property Rehabilitation Tax Credits
- Energy-Efficiency Tax Credits
- Strategic Planning, business valuation, and M&A assistance
- Succession and estate planning
- Cost-segregation studies and fixed-asset depreciation records
- Selecting the best organizational structure and accounting method
- Bonding and surety analysis, and operational reviews
- Payroll tax services and employee benefit plans
- Risk management and litigation support
- Computer hardware and accounting software selection
CERTIFIED CONSTRUCTION INDUSTRY FINANCIAL PROFESSIONALS
Professionals with the skills and knowledge to help you grow confidently.
The Certified Construction Industry Financial Professional (CCIFP®) designation is the only certification for construction financial professionals and is accredited by the American National Standards Institute (ANSI) under ISO 17024:2012. The ICCIFP provides the construction industry with a third-party verification of an individual’s knowledge, which is essential to ethical financial management in today’s complex construction industry.
Many public accounting firms have construction clients, but construction may not be a major practice area. The firms that have CCIFPs on staff have demonstrated commitment to the industry and competence in construction financial management.
Public accounting professionals with the CCIFP® designation must have a minimum 4,000 hours professional experience in construction in addition to showing expertise in eight knowledge domains, and only two of the knowledge domains are accounting related:
Accounting and reporting
Income recognition methods
Budgeting and planning