Construction and Development of Real Estate, Infrastructure and Heavy Equipment Projects

Infrastructure Construction

Berkowitz Pollack Brant’s Construction Industry Practice provides efficient, timely and high-quality audits, reviews and compilations that assist construction companies in achieving improved financial operations. A focus on financial efficiency minimizes the impact of uneven cash flow and aging receivables.

Our experienced accountants and advisors have been involved with clients that conduct a wide range of heavy equipment construction projects. Current clients in this sector build roads, bridges and interstates; construct tunnels and airport runways, erect soundwalls, dredge drainage canals and undertake a diverse array of infrastructure construction projects.

Services provided by the firm include:

• Assistance with bank and surety credit financial reporting
• Cash flow management, fiscal monitors and aging receivables
• Conduct cost segregation studies
• Federal Acquisition Regulations (FAR) compliance mandated by Federal Acquisition Regulations
• Financial and job-cost systems
• Internal controls and efficient accounting systems
• Percentage-of-completion accounting and its impact on financial statements
• Prequalification reports for state and local regulatory agencies
• Tax credits, incentives and rebates
• Real Estate Construction

With one of the largest real estate accounting practices in the state, we have deep experience in the construction and development segments of the industry. We perform audits, reviews and compilations of financial statements for land developers, real estate homebuilders, subcontractors, developers, hotels and motels, real estate holding companies, general contractors and other related businesses. Client companies range from locally owned family businesses to subsidiaries of multi-national corporations.

Our team performs tax compliance services for clients involved in all aspects of the real estate industry, including:

• Analyzing partnership and limited liability company operating agreements for income/loss allocation issues
• Like-kind exchanges
• Installment sales
• Interest capitalization for tax purposes
• Other tax issues unique to the real estate industry
• Ownership of real estate by foreigners
• Selection and application of tax accounting methods
• Tax-deferral strategies