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INDUSTRY SPECIALISTS
Why You Need A Specialized Accounting Firm
You don't want just any CPA handling your success and helping with your problems. You want someone who understands the ins and outs of your business. For example:
- Are your CPA's there when you need them? Do they respond to your questions and problems quickly and communicate solutions? We do!
- Do they understand the specialized taxation for your industry? Is your CPA up-to-date with recent changes in tax law? We are!
- Can your CPA tailor your accounting system to your unique needs? We can!
- Does your CPA understand the critical relationship with your bank or other lenders? Can they help maximize your borrowing capacity? We can!
- Does your CPA help you plan an exit strategy and combine financial and estate planning? We do!
Every industry has its special characteristics. Its susceptibility to business cycles, its special income tax problems, its information systems, its financial reporting, its bonding needs, and its financing needs all require special knowledge on the part of professionals who serve the industry.
The language of the accounting professional deals with profits and business health. Every facet of our work is influenced by the desire to improve our clients' profitability.
INDUSTRY SPECIALTIES
CONSTRUCTION
Bauerle and Company provides auditing, tax, accounting and consulting services to general contractors, subcontractors and specialty contractors throughout the Rocky Mountain Region. We have over 20 years experience of helping contractors in the following areas:
Taxation
We make a special effort to help our clients plan for tax savings. Proper planning requires special knowledge of the tax problems of contractors, an industry that has so many unique taxation problems: The lookback rules, the "percentage of completion" method, estimates to complete, sales and use taxes and special S Corp problems are examples of the special concerns of contractors. Any CPA who has many contractor clients probably has wrestled with these issues. But experience alone is not the only factor in achieving excellence. It takes creativity, ability, training, caring and discipline.
Planning
Preparing business plans is an eternal process. To assist clients in their planning we use our knowledge - of their company, the industry and all the other external forces affecting the company. Someone who has been part of the planning process for construction companies is more knowledgeable than an experienced planner who has not. Because we help so many construction companies plan, we are better prepared to help you.
Whether it is strategic planning or tactical planing, we are experienced and eager to work with you. If you have never participated in a planning session you will find it to be an illuminating and rewarding experience, not just in terms of knowledge but in bottom line results for the long and short term. Having an experienced planner to guide you will insure the payback of your investment.
Financial Statements
Bonding agents and banks say that not all CPA's have the expertise to prepare acceptable financial reports for construction companies. But again, experience is not enough. We must know what these institutions need. For example preparing a schedule of completed and uncompleted contracts requires a special understanding of the operations and profitability problems of contractors. The reader of the financial report should be able to determine a great deal about the adequacy of the company's reporting system by reading this schedule.
Bonding
Bonding companies have a special, critical relationship with construction companies. Understanding their needs and how to communicate with them is important to many construction companies, indispensable for others. Our knowledge and experience in this regard is invaluable. Bonding companies know our capabilities and enjoy added comfort when dealing with our clients.
Bonding companies are interested not only in financial reports but in business plans as well. The existence of a written business plan is a major step towards increasing bonding capacity. A well prepared plan will add yet another step in that direction. Our knowledge of the needs and preferences of bonding companies will prove indispensable to you.
Financing
Working capital lines to back up bonding capacity are crucial. Many bond arrangements are contingent upon having adequate working capital lines to insure the uninterrupted and efficient conduct of each job. The requirements of bankers are similar to those of bonding companies. Again, our knowledge of these requirements will benefit you.
Equipment financing is typically handled independently of the working capital lines by banks. Our networking with bankers and leasing companies allows us to introduce qualified clients to the right people for the right financing.
We can also help you with the critical lease v. buy decisions which often require balancing the needs of financial statement presentation and conservation of working capital with the economic goals of the company.
Business Succession
When it's time to sell your business or transfer it to the next generation we can help implement that plan. A well planned exit strategy can maximize the amount retained and minimize the taxes paid.
Systems & Procedures
Whether automated or manual, information systems are the structural foundation on which the company runs. As with all our services to the construction industry, the recognition of its unique characteristics are vital to the quality of the service.
Since our consulting professionals deal extensively with the construction industry, they are familiar with its special needs and the available hardware and software to meet them. Whether the problem is estimating, project management, accounting, or all of the above, our professionals bring a high level of experience to their tasks.
GOVERNMENTAL AND HUD PROGRAMS
Bauerle and Company provides audit and accounting services to local governmental entities and special districts throughout Colorado.
We also provide audit and accounting services to owners of HUD-assisted projects as well as cost certification audits for both the mortgager and the contractor that is required when a project under construction nears completion.
The firm currently has two partners which meet the requirements of the governmental yellow book that is necessary to perform certain governmental work.
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information@bauerleco.com
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