You juggle the stress of ongoing projects. You spend time managing various contractors. You run the operations of your construction business daily. But how often do you check that you’re keeping every last dollar that you should be? With every construction business we’ve worked with, we’ve found multiple opportunities to add more profit to the business, year-on-year. That’s what our experienced construction business CPA in San Francisco, CA experts can do for you.
Here at Basta & Company, we're not just here to help you pay as little tax as legally possible. We're here to help your construction business run more profitably. Here are just a few of the ways we put more money in your pocket.
As a construction business, you're always pushing the boundaries of innovation. That's why - depending on your size and type of construction - your business can likely save anywhere from $10,000 to $5 million through what's known as the R&D Tax Credit. At Basta & Company, we help construction companies maximize eligible tax credits at state and federal level in order to put more money back into their businesses.
In the construction world, revenue and businesses expenses should be tracked per project - not as a whole. Otherwise, how do you know which projects are making the most money for your business? At Basta & Company, we have a system to help you break down and track the Profit & Loss Statement and Balance Sheet per project, so you know exactly how your business is doing inch-by-inch.
Hiring contractors in any state is risky. Hiring contractors in San Francisco, California can be doubly hazardous. Due to the relatively new labor law, AB5, your business has to prove its hires are sub-contractors, rather than employees. And it has to be in writing! At Basta & Company, we help construction businesses navigate the complexities of sub-contractor vs. employee labor laws, and put the proper documentation in place to mitigate audit risk.
We work to uncover every tax break, incentive, and deduction available to your construction business for tax filings year-round. You can rest easy knowing your taxes are submitted on time, error-free, and optimized for minimal tax liability.
As your construction business grows, financial management only becomes more complex. We provide part-time and full-time outsourced CFO services to give you the financial stability you need for a fraction of the cost.
As a business owner, it's hard to know whether you're making the right financial decisions for your company. We'll guide you on business structure, financing, financial projections and more to position your construction business for success.