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Construction Industry: How HBE Can Help

Construction Industry: How HBE Can Help

Construction Industry: How HBE Can Help

HBE has been in business since 1974 and is recognized as one of Nebraska’s premier certified public accounting and consulting firms. Our business philosophies are rooted in providing services that bring the most value to our clients. Whether identifying opportunities to reduce tax liabilities or providing day-to-day financial management guidance, our primary goal is to ensure the ongoing profitability and success of those we serve.

One of the core niche industries that our firm serves is the construction industry. In addition to providing comprehensive business and financial services, our Construction Industry Specialty Team focuses on providing solutions to various tax and accounting issues specifically affecting companies that operate in the industry’s highly dynamic, ever-evolving business environment. This team helps clients—including general contractors, sub-contractors, and those with real estate interests—master and move beyond the fundamentals to seek new and better ways of doing business.

In the coming months, there are several key tax planning opportunities and looming changes to financial statement standards that businesses in the construction industry must be prepared for:

  • Tax Reform: Choice of Entity Considerations
  • Tax Reform: 199A Deduction
  • Revenue Recognition
  • Lease Standards

Whether individually or as a collective group, each of these issues has the potential to significantly affect your company’s profitability and financial reporting procedures. Through a strategic approach to leverage your own capabilities and resources, tailored services, and individual attention, HBE can help you successfully navigate these challenges.

For additional information on HBE and our Construction Industry Specialty Team, please contact our office at (402) 423-4343.