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Decosimo provides a wide range of services that are custom built for the construction industry and its unique requirements. The three most important activities that must be recorded correctly for both GAAP and tax purposes are contract costs, progress billings, and revenues. Treatment of construction period interest, allocation and capitalization of costs, the selection of the correct method of recognizing revenues (e.g. percentage-of-completion method, completed-contract method) are just some of the issues that require the special attention.
Annual financial statements usually have to satisfy the needs of various users, such as:
A contractor's ownership structure and the entity form are often based to minimize taxes, limit liability, and capital or financing requirements. Whether your construction company is owned by an individual, a pass-through entity, or a corporation, we have the expertise and experience to help you add value to your organization.
Contact our Construction Industry team at email@example.com.
Decosimo is an independently owned and operated member firm of both the Moore Stephens North America (MSNA) association of member firms and the Moore Stephens International Limited (MSIL) network of member firms. Neither MSNA nor MSIL provide services to clients. Decosimo is a separate and distinct legal entity, subject to the laws and professional regulations of the jurisdictions in which it operates, and is not authorized to obligate or bind MSNA, MSIL, or any other member firm of MSNA or MSIL. Decosimo is liable only for its own acts or omissions and not those of any other person or entity including MSNA, MSIL and other member firms of MSNA and MSIL.