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Construction, Real Estate and Design

The construction and real estate industries face distinct business and tax challenges due to potential complex operational structures, extended project timelines, compliance requirements and regulatory environments. If you are a general contractor, specialty subcontractor, developer, engineering firm or architectural firm, we have the experienced professionals that know the industry and have the expertise in financial operations, tax planning and reporting to meet your current needs and future goals.

Our nationwide client base includes:          

  • Commercial general building contractors
  • Industrial contractors
  • Construction management contractors
  • Heavy and civil engineering contractors
  • Specialty contractors including electrical, mechanical, HVAC, structural and roofing
  • Residential contractors
  • Architectural and engineering firms
  • Residential developers
  • Commercial developers
  • Hospitality developers

How can we help?

We understand that the construction and real estate industry has unique challenges, such as fluctuating cash flow, contract complexities, compliance requirements, and tax regulations. Our construction, real estate and design team has the experience and determination to resolve these challenges by providing you with the guidance and expertise we have developed over thirty years in assisting our clients within the industry. Our goal is to assist your company in meeting your current needs and future goals.

We work with our clients to help them provide the reliable financial data that they need to satisfy stakeholders such as investors, lenders, sureties, and regulatory authorities. We offer tax planning strategies to minimize tax liabilities while also providing tax compliance services to assure that all reporting is done in compliance with existing tax laws and regulations.

Our services include:

  • Attest Services
  • Due Diligence and Agreed Upon Procedures
  • Job Costing and Profitability Analysis
  • Budgeting and Cash Flow Forecasting and Planning
  • M&A
  • Tax Planning and Compliance
  • Tax credits and incentives including R & D, Section 179D and Opportunity Zone planning
  • Sales and Use Tax
  • Cost Segregation
  • Look-back Calculations
  • Multi-state Tax Compliance Including Apportionment and Nexus Determination
  • Succession Planning

What can you expect when working with LB Carlson?

Our professionals have the industry knowledge, experience, and dedication to resolve the challenges of financial and tax reporting you face during each stage of your business. By being proactive, we get to know the operational aspects of our clients allowing us to uncover planning opportunities that can contribute to cost saving and increased profitability. Our construction group has over 40 years of experience and we pride ourselves in maintaining continuous successful client relationships through the entirety of that time.

Practice Leader
Paul Radosevich
Contact Paul

Your Construction, Real Estate and Design Team Leaders

Victoria Holinka,
Principal

Kalen Karnowski,
Principal

Spencer Langer,
Client Manager

Blog Posts

A segmented income statement can be a powerful management tool for manufacturers

May 3, 2022

A companywide income statement may be sufficient for lenders or other outsiders to evaluate your manufacturing company’s financial performance. But from management’s perspective, a “segmented” income statement can provide valuable insight into key performance drivers and possible improvement strategies.

Manufacturers: Is your buy-sell agreement up to date?

April 19, 2022

A buy-sell agreement is a critical tool for owners of closely held manufacturing companies. It ensures an orderly ownership and management transition when an owner dies, becomes disabled, or otherwise leaves the company. And it creates a market for departing owners’ shares, providing owners and their families with liquidity and ensuring that the business stays in the family or other tight-knit ownership group.

Manufacturers need to act soon to take advantage of 100% first-year bonus depreciation

April 1, 2022

First-year bonus depreciation typically creates a powerful tax incentive for eligible manufacturers to purchase qualified property needed for business reasons. These tax write-offs can benefit a manufacturer’s cash flow, but claiming them isn’t always the best decision. However, if your manufacturing company wants to take full advantage of the bonus depreciation, this is the year to do so.

5 ways to control your business insurance costs

March 21, 2022

Common sense dictates that every company, no matter how small, should carry various forms of business insurance. But that doesn’t mean you should pay unnecessarily high premiums just to retain the coverage you need. Here are five ways to better control your insurance costs without sacrificing the quality of your policies:

The IRS again eases Schedules K-2 and K-3 filing requirements for 2021

March 8, 2022

The IRS has announced additional relief for pass-through entities required to file Schedules K-2 and K-3 for the 2021 tax year. Certain domestic partnerships and S corporations won’t be required to file the schedules, which are intended to make it easier for partners and shareholders to find information related to “items of international tax relevance” that they need to file their own returns.