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CONSTRUCTION

TAXES

CONSTRUCTION

ACCOUNTING

CONSTRUCTION

ADVISOR

GPLUSF SERVICES

Construction Tax Services

Business & Individual Tax Preparation for Construction

 
  1. We ensure that we are filing your taxes in accordance to current tax law so that you avoid penalties and interest payments to the IRS or the state.

  2. Save yourself hours on doing the tax preparation yourself. It takes the average person at least 16 hours to complete an individual tax return and 24 hours to complete a business tax return.

  3. With proper tax planning we take all possible tax deductions and credits allotted to you for the current tax year.

Evaluation:

Conflict:

Most people who try to file their own taxes end up causing more damage than what they are attempting to save by doing it themselves. Clients love not having to research current tax law and risk making errors on their tax returns. Handing off your tax preparation to a tax professional is a no brainer time and money saver. 

Solution:

  1. We send you a questionnaire by email to complete and if we have additional follow up questions we will contact you by phone or email.

  2. We send you a link to a secure portal so that you can take pictures or scan copies of your document into the secure portal.

  3. We will complete the tax return and send you a pre-recorded video review of the completed tax return.

  4. You can request online, face-to-face meeting with your strategic accountant if you have additional questions.

  5. If we are completing an individual tax return for you we will request an electronic signature from you

  6. If we are completing a business tax return for you we will request that you download the signature page, sign it, and return it back to use via the portal.

 

Result:

Clients love not having to travel to an office to drop off paperwork to us. Clients always talk about how convenient, efficient, and fast this service is because of the technology we use. Clients also love the video reviews of the tax return because if they are busy they can pause the video and watch it at a more convenient time.

Would you like to discuss this service

with one of our construction accountants?

Click Here To Book.

Construction Accounting Services

Construction Accounting and Bookkeeping

 

  1. Are you confident that you are recording transactions in accordance with current accounting practices?

  2. Are you doing your own accounting or hiring family members who are not qualified tax professionals or certified bookkeepers?

  3. Are you using the right accounting method to get you the best tax outcome?

Evaluation:

Conflict:

A lot of construction owners we come across are doing their own accounting or they may have a trusted family member or close friend doing their accounting. Is this truly the most efficient way to do your construction accounting?

Solution:

  1. We evaluate your accounting software to see if your recording transactions properly.

  2. We examine your process for getting information into your accounting software?

  3. We determine if you should be integrating other solutions with your accounting software to improve your accounting efficiency.

  4. We take over this function or we train your in-house staff on how to keep your books.

 

Result:

Clients love having their accounting records up-to-date at all times. Especially when someone like a bonding agent or bank needs this information quickly.

Would you like to discuss this service

with one of our construction accountants?

Click Here To Book.

Construction Advisor Services

Construction Review Meetings

 

  1. You may have said to yourself, “I wish a had someone on my team who’s on my level or higher when it comes to thinking strategically about my business.” 

  2. Do you even know what you should be doing more to grow your business in today's market?

  3. Do you need someone to help you understand the numbers (metrics) and help you use this data to make critical shifts in your business?

Evaluation:

Conflict:

Without review meetings, you will continue to feel stressed out doing things by yourself. All of us wish we had strategic team members who can help you brainstorm and understand your business better.

Solution:

  1. We gather information based on what we see in the job cost reports, financial reports, analytics, and other valuable resources.

  2. We can schedule an online face-to-face meetings with you and one of our construction accountants to talk about our findings and your concerns.

  3. We help you develop a plan of action and a priority list showing who is responsible for delivering these outcomes. 

 

Result:

Clients mentioned that this service gave them the reassurance thy need to make key business decisions.  Construction owners love having an experienced advisor to hold them accountable and to keep them on the path to sustainable success.

Would you like to discuss this service

with one of our construction accountants?

Click Here To Book.

Construction Budgets & Forecasts

 

  1. Have you ever wondered how much money you need to set aside every month, quarter, or year to keep your business afloat

  2. Do you know if you’re estimating your projects efficiently?

  3. Are you seeing desired profit margins on each project?

  4. Do you know if you are overspending in certain areas of your business?  

  5. Do you know how much money you can spend on extra supplies because you didn’t use all the money allocated for utilities this month?

Evaluation:

Conflict:

You can only know the answers to these questions if you’re job costing your projects, you have a budget set for your company, and someone to hold you accountable.  

Solution:

  1. We create project budgets inside of Knowify so that we can job cost a project.

  2. We create a budget in QuickBooks Online that allows you and your construction accountant to review at any time 24 hours a day 7 days a week.

  3. We integrate online tools with QuickBooks to help you generate accurate cash flow reports.

  4. We point out the red flags but we also help you identify the opportunities.

 

Result:

This level of service stops financial catastrophes from happening in the small businesses we serve. If you are not monitoring your numbers consistently how can you plan for growth?

Would you like to discuss this service

with one of our construction accountants?

Click Here To Book.

Construction Tax Planning

 
  1. Tax planning allows you to maximize deductions and credits so that you can lower your tax liability to the lowest possible number.

  2. When you tax plan on a monthly or quarterly basis it ensures that you don’t miss any deductions or credits.

  3. If you owe money to the IRS, tax planning gives you the opportunity to pay down your tax liability every quarter so that you don’t have a huge tax bill to pay when your tax return is due.

Evaluation:

Conflict:

By choosing not to take the time to tax plan with your strategic accountant you’re choosing to assume all the risk that comes with not planning.  Like for instance, losing out out deductions and credits or having a shocking tax bill that you’re unprepared to pay when its due.

Solution:

  1. We gather the following information: company financials, personal pay stubs, previous year individual tax return, and a list of predicted itemized deductions if applicable.

  2. We schedule an online, face-to-face meeting with you and one of our strategic accountants to talk about your plan.

  3. We help you develop a plan of action and list showing you how to implement the plan. We also help with implementation as a separate engagement.

 

Result:

Most clients mentioned that this service was a game-changer because it gave them the opportunity to save thousands, avoid penalties and interest, and it gave them time to put money aside for the quarterly taxes.

Would you like to discuss this service

with one of our construction accountants?

Click Here To Book.

ABOUT G+F

GETTING STARTED

CONSTRUCTION COMPANY

SERVICES

CONSTRUCTION COMPANY

RESOURCES

CONTACT US

Tel. 561-247-0754

7750 Okeechobee Blvd.

Ste 4-372

West Palm Beach, FL 33411

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TELL US

G+F is a tax and accounting firm that specializes in construction accounting. It was founded by Timothy Wingate Jr. in May 2016. G+F is a 100% virtual firm that allows it to serve construction companies across the United States. We focus on project profitability, advanced construction tax planning, strategic advisory services, and resolving tax debts with the IRS.

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