Accountants & CPAs for Construction Companies in Philadelphia and South Jersey
Lately, running a construction or improvement company has been exhausting to deal with new issues like lack and increasing cost of materials, shortage of skilled workers and reduction on margins on projects. We have been assisting business owners with the numbers, so they get time back to deal with the day-to-day of the business. We have years of experience working with construction and improvement businesses in Philadelphia and South Jersey, and we’ve helped many owners understand their costs and maximize profits.
In recent years, the business community has been hit with the pandemic and its post-effects, plus a significant increase on complexity to access different programs:
- Paycheck Protection Program
- Small Business Administration (SBA) Loan programs
- Employee Retention Credit (up to $27k per employee)
Now more than ever, construction companies in Philadelphia and South Jersey need an experienced accountant to help you maximize available funding, obtain special tax credits and diverse opportunities due to new legislation (like the Infrastructure bill approved at the end of 2021).
Whether in times of great uncertainty or a stable economy, proper accounting is a necessity to running a construction business. GG CPA offers accounting services that fit your needs including:
- Monthly accounting
- Job / Project cost analysis
- Preparing tax returns
- Review of the accounting method (cash, accrual, percentage of completion, completed contract)
- Assistance in the case of financial statements for bonding purposes
- Filing sales tax on a monthly, quarterly or other basis
- Consulting on the day-to-day business operations and opportunities for financial improvement
GG CPA has decades of experience providing accounting and tax services to construction, improvement (remodeling, roofing, siding) and landscaping companies in Philadelphia and South Jersey. We know the ins and outs of material costs, labor costs, special accounting methods for the industry, and profit and loss benchmarks that builders must keep into consideration.
Contact us today to discuss your construction company’s accounting needs.
Services
For individuals:
- Tax planning
- Tax preparation
- Retirement and Social security analysis
For businesses:
- Tax planning and preparation
- Sales tax and local tax filings
- Financial statement preparation
- Controller (CFO) functions
- Bookkeeping
- Business Consulting
- Research of applicable tax credits
- Assist with obtaining financing or SBA programs
Common Financial Challenges Construction Companies Face
Construction companies operate in a fast-changing environment where every project impacts profitability. Without accurate financial information, it becomes difficult to understand which jobs are generating profit and which projects are reducing overall margins.
Our team helps business owners address challenges such as:
- Tracking job costs accurately
- Managing fluctuating material costs
- Improving cash flow management
- Monitoring labor profitability
- Preparing financial statements for bonding requirements
- Managing subcontractor payments
- Sales tax compliance
- Equipment depreciation planning
- Business growth planning
- Tax planning strategies throughout the year
Proudly Serving Construction Companies Throughout Philadelphia & South Jersey
GG CPA Services proudly provides accounting and tax services for construction companies throughout Philadelphia and the South Jersey region. We regularly assist businesses located in Marlton, Cherry Hill, Mount Laurel, Medford, Moorestown, Voorhees, Haddonfield, Burlington County, Camden County, Gloucester County, and surrounding communities.
Whether your projects are located throughout Pennsylvania, New Jersey, or multiple states, our team can help you maintain accurate financial records and stay compliant with changing tax regulations.
About Our Construction Company Accountant and CPA
Victor Garrido, Managing Partner of GG CPA Services, was born and raised in Madrid (Spain). He studied and worked internationally first in Europe, spending a few months in Cambridge and London in United Kingdom, around three years at Milan in Italy, a month in Maastricht in the Netherlands, etc. Victor later spent six years in New York, and traveled often to Boston, DC, Florida, etc. Victor has lived in in the South Jersey / Philadelphia area since 2017.
After working for a Big Four and other companies, Victor founded GG CPA Services to provide professional CPA services to small businesses owners and individuals. We noted a gap for certain communities that were not properly serviced or could not find high value-added services for their personal finances and businesses to flourish.
Victor Garrido grew up in a family of entrepreneurs in Spain. His father founded a property management company and other family members had different small businesses. Victor’s in-laws and spouse are also entrepreneurs in the legal and accounting fields.
We have been in your shoes. To us, accounting is personal.
Frequently Asked Questions
Why should construction companies work with a specialized CPA?
Construction businesses have unique accounting requirements involving job costing, project profitability, payroll, subcontractors, sales tax, and specialized accounting methods. Working with an accountant who understands the industry helps reduce costly mistakes and improve financial performance.
Can you help new construction companies?
Yes. We work with both established contractors and new construction businesses by helping them establish accounting systems, choose the appropriate accounting method, manage tax obligations, and build financial processes that support long-term growth.
Do you only work with companies in Philadelphia?
No. We proudly serve construction businesses throughout Philadelphia, South Jersey, and surrounding communities while also supporting contractors operating across multiple states.
Can you help improve profitability?
Absolutely. Our accounting and advisory services help identify opportunities to improve margins, better control project costs, strengthen cash flow, and make more informed business decisions.
Schedule a Construction CPA Consultation
Ready to improve your construction company’s accounting, tax planning, job costing, and financial organization?
Contact GG CPA Services to schedule a consultation with a CPA serving construction businesses in South Jersey and Philadelphia.
Looking for additional support for your business?
Explore our Small Business CPA Services, review our LLC Tax Strategy Services, or visit our Services page.