Construction Industry Accounting, Internal Controls, Valuations and Taxation
Overview
Led by a veteran expert in construction accounting, this seminar offers valuable insights into audit and review risks specific to contractor engagements, internal control best practices and tax methods. Learn essential strategies for effectively supporting and advising clients in the construction industry.
Highlights
- Construction industry overview including current trends, developments, and data
- Audit and review risks and procedures unique to contractor engagements
- Review of healthy contractor benchmarks, ratios and risk assessment
- Internal control procedures and best practices for contractors including equipment costing, subcontractor management, jobsite reporting, contract claims, bidding/estimating.
- Contractor valuations for M&A and ownership continuity planning
- Construction tax methods and strategies – what every CPA and CFO should know
Prerequisites
Basic construction industry accounting and tax knowledge, or experience in construction industry accounting.
Designed For
CPAs, CFOs, controllers, and accounting professionals that work with construction contractors as well as surety analysts, bankers, attorneys, and other advisors that service the construction industry.
Objectives
- Gain an overview of the construction industry's latest trends, developments, and financial data to inform strategic decision-making.
- Address audit and review risks unique to contractor engagements and outline effective procedures to mitigate them.
- Identify healthy contractor benchmarks and ratios to support risk assessment and financial evaluations.
- Learn best practices for internal controls in areas such as equipment costing, subcontractor management, jobsite reporting, contract claims, and bidding/estimating.
- Explore methods for contractor valuations in the context of mergers, acquisitions, and ownership continuity planning.
- Discuss construction-specific tax methods and strategies that CPAs and CFOs must understand to maximize financial outcomes.
Notice
- Login access and eMaterials will be available in the My CPE section of the ISCPA website 3-5 days prior to the seminar.
Thank you to our Sponsor
Tuesday, October 21
Optional Session
- Optional Bonus session: Building Better Contractors: Lessons from the Field and the Books
Attend this optional pre-seminar bonus session and receive one (1) additional hour of CPE credit (5 hours total).
Serving contractors isn’t just about tax methods and ratios. It’s about fixing the back-office breakdowns that eat margins. In this session, Steve Kreitzberg from Apparatus Contractor Services shares how he built a practice focused on small contractors, helping them turn messy books and missed job costs into financial clarity. Alongside him, Reece Barnes brings the builder’s perspective on the blind spots that stall growth... and how CPAs can bridge the gap.
Highlights:
- The top three control gaps that drain contractors’ margins (labor approvals, subcontractor compliance, AP sequencing).
- How Apparatus productized services to help small contractors scale without back-office bloat.
- What healthy contractor benchmarks look like in practice, and how CPAs can use them to advise clients.
- Lessons from building trust and growth by specializing in construction.
- How to spot the operational risks that most impact contractor financials, and address them proactively.
- Frame financial clarity in terms contractors actually understand (projects, labor, draws- not just P&L).
- Apply a proven model for serving small contractors to strengthen your own practice.
Speakers: Steve Kreitzberg, Apparatus Contractor Services; Reece Barnes, Adaptive
This session is available to registrants only.
Leader(s):
Leader Bios
Reece Barnes
Reece Barnes is the Head of Construction Network with Adapative. Construction has always been central to Reece Barnes' life. Growing up with a home builder father (who passed along his passion for screeding concrete), Reece developed an early appreciation for the craft and the people behind it. Nearly a decade in construction technology further deepened his expertise, alongside close family ties. His wife and her family are all active in the construction industry, too.
Before joining Adaptive, Reece worked in software consulting for builders, helping them streamline and systematize their business processes. That experience gave him a front-row view into the operational and financial challenges contractors face every day.
At Adaptive, Reece ensures builders have a high-quality, educational experience as they move toward financial clarity. He is deeply committed to equipping contractors with the tools and insights they need to run stronger businesses and advocates tirelessly on behalf of the Fine Contractors of America.
Robert Davidson, Partner, Robert A Davidson CPA
Robert Davidson, CPA, has made over 600 construction contractor seminar and conference presentations to state CPA societies, AICPA conferences, the Construction Financial Management Association (CFMA), Associated General Contractors (AGC), National Surety Bond Producers Association, Caterpillar Financial, Liberty Surety, Zurich Surety, Philadelphia Surety, Willis, and other industry associations and companies. Robert has received the outstanding CPE instructor award over 25 times for presentations to various state CPA societies and other professional organizations. Robert served on the Board of the AICPA National Construction Committee for 12 years, including 3 years as Chairman. Robert served on the editorial board of the Journal of Construction Accounting and Taxation and has been published more than 20 times by various national construction industry publications. He was a founding member of the Hard Hat Construction Group and a member of the prestigious Beavers Construction Group since 2002. He has served on committees and boards of various construction organizations, including the AGC, CFMA, TRBA, ABC and ARTBA. Robert was named one of "Nashville's Finest CPAs" by the Nashville Post and one of "Nashville's Accounting Power Leaders" by the Nashville Business Journal.
Steve Kreitzberg
Steve Kreitzberg is the Founder, Owner, and President of Apparatus Contractor Services, LLC, where he sets the strategic direction of the company and guides its long-term vision. A serial entrepreneur with over three decades of experience in real estate development, investment, and construction-related businesses, Steve has built and led a portfolio of successful operating companies across multiple states. He holds a Bachelor of Science in Mechanical Engineering and an MBA in Finance, a combination that reflects his analytical mindset and operational discipline. Steve brings a deep passion for business building, and through Apparatus, he and his team help contractors grow stronger, more profitable companies by implementing scalable financial systems.
Non-Member Price $315.00
Member Price $255.00