Government Contract Accounting Firm, Government Contractor CPAs

contractors accountant

A contractor specialist who can also give accountant business advice when needed, will be a good choice for your business. Passageway Financial Tax & Accounting is the top bookkeeping service for contractors and construction companies in the United States. If you’re looking to run a lean, profitable, scalable operation, then let us serve as your outsourced accounting firm and deliver excellent accounting results.

contractors accountant

Whether you’re a part-time independent contractor or growing your enterprise, you’ll need to manage your finances, and that means seeking out an accounting app. While it’s not perfect, it is one of the best accounting programs on the market today and sets a high bar for what business money management apps can do. QuickBooks is great for a wide range of businesses from solo freelancers to brick-and-mortar empires. We’ll help you improve profitability & scalability by reducing your taxes, keeping perfect financials, and saving you lots of time by serving as your outsourced accounting firm.


This often includes logistics, budgeting, hiring good contractors or employees, estimating project costs, ensuring the legality of the project, keeping operations running on time, and more. An often overlooked area by construction contractors and business owners is how are they going to handle their taxes. This is not exactly something you got into business to do in the first place. You want to focus on completing projects, not on keeping up with Uncle Sam’s ever-evolving tax laws. When you appoint some specialist contractor accountants, you may expect to pay contractor accountancy fixed fees between £60 and £150 per month as part of most monthly contractor accountancy packages. This IT contractor accountant fees package will cover an all-inclusive type of service for your business.

  • The software will automatically take your invoices, payments received, payments returned, and expenses to organize your books.
  • This enables us to provide industry-specific advice and solutions that cater to your unique challenges and opportunities.
  • Having an accountant with a high level of expertise doesn’t mean much if he or she doesn’t understand the client.
  • If you’re looking for to get a new website for your accounting firm or a bookkeeping business website, here’s a handful of examples you should probably check out.

Naail & Co is the trusted choice for contractors seeking specialized accounting services tailored to their unique needs. Contact us today to schedule a free consultation and discover how Naail & Co can help you achieve your financial goals and grow your business. In conclusion, Naail & Co is the premier choice for contractors seeking specialized accounting services tailored to their unique needs. By partnering with Naail & Co, you can confidently focus on delivering exceptional services to your clients while we expertly manage your financial and taxation affairs.

Performance Financial Tax & Accounting

We stay up-to-date with the latest industry developments, regulatory changes, and tax laws to ensure that you benefit from the most relevant and efficient strategies. Our proactive approach helps you stay compliant and minimize your tax liabilities. Saving money and paying estimated taxes in advance will help set you up for a more promising future. There are many tax benefits and saving that come along with having a business entity.

contractors accountant

It’s important for clients to see their accountant as a member of their team and not merely a service provider. Many business owners lack peers within their organization, and being a trusted advisor sometimes means challenging a business owner’s perspective. A good accountant anticipates that a client is about to make a mistake and understands the importance of speaking up. A trusted advisor will talk about more than just numbers and compliance. Conversations should be far reaching and include company operations, work-in-process, insurance and bonding, tax planning for the business and the owner and succession planning.

Tax Planning, Bookkeeping, Payroll, and Accounting for General Contractors

With better estimating, bidding and cost control, contractors should be able to protect narrow profit margins and keep taking on the right projects. In general, senior staff accountants make a higher salary in the professional industry with an average of $67,353. The highest accountant-contractor annual salary stems from the energy industry.

We are fully aware that our success depends on your success; that your best interests are our best interests. We would like you to be a client for many years, so you can rest assured that the advice we give you will take into account your short, medium, and longer term needs. Because I’d really appreciate you sharing this case study with your home-builder and construction industry colleagues, family and friends. At this point, we requested the prior two years of tax returns and access to his books, so that we could evaluate what exactly needed to be done for us to help One Creation Construction. Your accountant is professionally mandated to provide your books to whomever you request they go to. On behalf of my family and our amazing team at NB Advisors, I look forward to working with you to grow your home building and construction business.

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