Providing a Blueprint for Success
The construction industry is a critical segment of our economy’s infrastructure and workforce, yet it is often inundated with challenges. Issues such as the rising cost of materials, shrinking profit margins, skilled labor shortages, project delays, OSHA compliance, contract health, and other financial concerns often leave contractors puzzled as to the best course of action for continued success.
The need for a trusted advisor and partner has never been greater in today’s construction landscape.
Delivering Target Value Service
With nearly 80 years of experience serving the unique needs of the construction industry, you can be confident that KSM has seen and addressed all types of industry challenges. We’ve helped grow numerous construction companies from start-up to success and can help you meet your business objectives by providing sound tax, assurance, accounting, consulting, and strategic planning advice.
Our in-depth knowledge and cross-functional internal firm resources serve the complete spectrum of our construction clients’ needs. With six dedicated team members who have completed the rigorous requirements to qualify as CCIFPs (Certified Construction Industry Finance Professionals), our specialists speak the language of contractors and understand unique taxation, bonding, and financing concerns. In fact, KSM is one of only three Indiana-based public accounting firms to be named a Top 50 Construction Accounting Firm in the country by Construction Executive (CE) magazine.
Converting Industry Challenges to Valuable Opportunities
KSM offers a wide-range and customized array of services depending on your specific goals.
Financial Reporting and Analysis. Our team can assist with quantifying and understanding current and past financial performance to help lead your company to continued financial improvement. Our assurance teams understand the industry and needs of contractors and provide accurate, reliable, and trusted financial reports. These services focus on assurance and financial matters, benchmarking, cash flow and WIP job cost analysis, compensation analysis, and process and internal control reviews.
Regulations and Compliance. Our experts can advise and assist your team to ensure that you meet all regulatory and compliance requirements with tax authorities as well as state licensing requirements. This includes contractual audits, cost segregation, estate and succession planning, multistate contractor pre-qualification rules and compliance, research (R&D) tax credit consultation, tax, and valuations.
Full-Service Business Consulting. We strive to share our knowledge and experience in the industry to help your business succeed in meeting your mission and long-term goals by offering a full-range of business consulting services. These services include analysis of insurance coverage; examination of business technology options; buy/sell agreement counsel; claims dispute resolution; equipment maintenance programs; mergers and acquisitions; managing relationships with bonding agents, sureties, banks, and other financial institutions; and strategic planning.
Building on Our Industry Relationships
Our close and long-time history with industry vendors and suppliers enables us to provide expert assistance in selecting a surety or banking relationship, providing supplemental data to financial statements, maximizing bond capacity, and working with banks and sureties to structure credit lines and financing. When working with banks and other financial institutions, we can help develop loan proposal packages and lines of credit. We are also adept in managing cash and equipment concerns.
Our firm’s affiliation with the national Construction Industry CPAs/Consultants Association (CICPAC) network allows us to help with operational audits, strategic planning, mergers and acquisitions, and technology solutions.
Solid Guidance Is the Foundation for Future Success
In your business as in ours, service is everything. Through attention to detail and a focus on personalized service, KSM has helped construction companies of all sizes and trades find solutions for everyday challenges. Let our professionals help you explore options to improve your future success.
Keeping you updated on COVID-19 and its impact on businesses and individuals.