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Certified Public Accountants (CPA)
All 50 United States
International Clients Welcome
Crypto & 1099-DA Specialists
English · Polish · Ukrainian
24-Hour Response Commitment
✓
Business Returns (1120, 1065, 1120-S)
Corporate, partnership, and S-corporation returns for all entity types, filed accurately and on time.
✓
Multi-State Filing
Returns spanning multiple states with proper nexus analysis, apportionment, and state-specific compliance.
✓
Amended Returns (Form 1040-X)
Corrections to prior-year returns — recovering missed deductions, correcting errors, and filing amended state returns.
✓
IRS Correspondence & Notices
We handle all IRS letters, notices, and inquiries on your behalf — professionally and promptly.
✓
Prior Year & Late Returns
Unfiled returns for any prior year, including penalty abatement strategy and installment agreement guidance.
Why CPA Legacy Group
CPA-Led Professionals — licensed, credentialed, and fully accountable
24-Hour Response Guarantee — a real professional responds within one business day
Year-Round Availability — not just during tax season; we are here whenever you need us
All 50 United States — multi-state and federal compliance expertise
International Clients — foreign companies and individuals served with full expertise
Trilingual — English, Polish & Ukrainian — serving diverse clients and businesses
Ready to get started?
Request a Consultation
Home›Industries›Construction & Contractors
Certified Public Accountants · Industry Expertise

🏗️ Construction & Contractors

Specialized tax and accounting for contractors of every size — delivered by Certified Public Accountants who understand your industry's specific challenges.

Schedule a Consultation ← All Industries
Overview

Understanding Your
Industry's Tax Landscape

Construction businesses face accounting and tax challenges unique to the industry — revenue recognition timing, job cost accounting, subcontractor compliance, equipment depreciation, and bonding requirements all create complexity that general business CPAs often handle incorrectly. Getting the accounting method right for your contracts determines when you pay tax on every job.

Talk to Our Team
$30M
PCM required above this
15 yrs
QIP depreciation life
5,000+
Returns filed
24h
Response guarantee
Related Services
Common Challenges

Tax & Financial Challenges
Construction & Contractors Businesses Face

These are the issues we see most often — and the ones that cost the most when handled incorrectly. Click any item to read more.

Accounting Method — Completed Contract vs. Percentage of Completion+
The method you use to recognize revenue on long-term contracts determines when you pay tax. The completed contract method defers all income until a job is done. The percentage of completion method recognizes income as work progresses. Large contractors are required to use PCM. Choosing and documenting the right method is critical.
Job Cost Accounting & Profitability Tracking+
Without accurate job costing — tracking labor, materials, subcontractors, and overhead to individual projects — you do not know which jobs are profitable until it is too late. Many construction businesses discover money-losing jobs only at year end.
Subcontractor 1099-NEC Compliance+
Every subcontractor paid $600 or more requires a Form 1099-NEC. Failure to issue 1099s results in penalties and can disqualify subcontractor payments as deductions. With dozens of subs per project, compliance tracking is a significant burden.
Equipment Depreciation & Section 179+
Heavy equipment, vehicles, and tools represent major capital expenditures. Section 179 expensing and bonus depreciation allow immediate deduction rather than depreciating over years — creating significant first-year tax savings.
Multi-State Project Nexus+
A single construction project in another state can create income tax, payroll tax, and sales tax obligations there. Many contractors discover they owe state income tax in every state where they completed a project.
Workers Compensation & Payroll Classification+
Misclassifying workers as independent contractors creates exposure to back payroll taxes and state penalties. The construction industry is heavily audited for worker classification by both the IRS and state labor departments.
How We Help

Our Services for
Construction & Contractors

Every engagement is tailored to your specific situation. We build strategies that fit your industry, your numbers, and your goals — not generic advice applied to everyone.

✓
Construction Accounting & Job Costing
Full-cycle bookkeeping with job cost tracking — materials, labor, overhead, and profitability by project.
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Tax Method Election & Long-Term Contract Compliance
PCM vs. CCM analysis, look-back interest calculations, and revenue recognition documentation.
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Subcontractor 1099-NEC Compliance
Annual 1099 preparation, W-9 collection, and IRS filing for all subcontractors.
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Equipment Depreciation Planning
Section 179 and bonus depreciation optimization based on current year income and multi-year projections.
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Multi-State Construction Project Compliance
State nexus analysis, registration, and tax filings for all states where you perform work.
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Payroll & Worker Classification
Full-service payroll processing and worker classification analysis to minimize audit risk.
Why CPA Legacy Group
Industry-specific expertise — not generic advice applied to your situation
CPA-Led professionals — licensed, credentialed, accountable to every client
24-hour response guarantee — every inquiry, every time, no exceptions
All 50 states — multi-state and federal compliance expertise
Year-round availability — not just during tax season
English, Polish & Ukrainian — trilingual professional service
Ready to get started?
Schedule a Free Consultation
01
Consultation

We discuss your specific situation, industry challenges, and goals — honestly, without pressure. No obligation.

02
Engagement

A clear written engagement letter with transparent pricing. A dedicated CPA assigned to your account.

03
Execution

We prepare your deliverables with open communication throughout. You review and approve before anything is filed.

04
Year-Round Support

We remain your trusted advisors after filing — for planning, IRS matters, and every financial decision in between.

Ready to Work with a CPA Who
Knows Construction & Contractors?

Schedule a free consultation. We'll listen to your situation and tell you exactly how we can help. English, Polish, and Ukrainian available.

Schedule a Consultation ✉ Email Our Team

✓ 24-HOUR RESPONSE GUARANTEE

Ready to Build a Stronger
Financial Future?

Reach out by phone, form, or email — a real professional responds within 24 hours. No automated replies. No runarounds. Your success is our commitment.

Schedule a Consultation✉ Email Our Team Directly✓ 24-Hour Response Guarantee
✉ Get Started