DHG | Construction

Strategic advisory services for ownership and management

With the economy accelerating, construction companies are bidding and working on more projects. Bid lists are shorter, but margins remain thin, which makes strategic thinking on operational improvement and risk management essential.

You want advisors who can help you plan and build lasting value, to meet your business and retirement goals.

Heavy industry experience

DHG Construction works extensively with general contractors, specialty contractors, heavy/highway contractors, developers and owners, architects and engineers. We understand the complex tax and accounting requirements of firms with substantial investments in people and equipment.

We provide technical competence, sound advice and innovative thinking with the following services:

Strategic Planning
Tax Planning
Assurance
Transaction Advisory

DHG Construction customizes these services for your individual ownership and management requirements. We live and breathe the data of today’s marketplace, so we understand measurement-driven continuous improvement and how it reads in your P&L and balance sheet.

Our insights into your data guide our strategic thinking. We use your accounting, financial reporting and operational metrics to benchmark your current position, and assist with strategic imperatives and options for the future.

Services

DHG Construction delivers assurance, tax and advisory resources through your relationship partner, providing accountability, continuity and responsiveness. This partner leads your engagement teams, coordinating the work of multiple partners and specific technical skills and resources.

We begin client engagement with high-level boots on the ground, for a better understanding of the business. All of your DHG partners can be involved in your planning process, to mitigate risk and align your business, tax and strategic objectives.

Over time, we demonstrate to you that we see your assurance, tax and advisory engagements as part of an ongoing relationship, instead of a once-a-year office visit.

Assurance

Your reputation and relationships with developers, sureties and general contractors (if you are a subcontractor) depend on the accuracy and completeness of your estimating, bidding and proposal processes. Likewise, your reputation and relationships with sureties, lenders and joint venture partners depend, in part, on the accuracy, completeness and timeliness of your accounting and financial reporting.

DHG’s risk-based approach helps us to understand your business, including strategies and processes, to assess the key risk areas that threaten the accuracy of your financial statements and progress toward your business objectives. We provide objective evaluations on the quality of your in-house reporting systems and financial statements, delivering high-value intelligence for your management team and business partners.

Our assurance services include:

Accounting/Costing System Design/Review
Accounting and Internal Controls
Audits, Reviews & Compilations
Revenue Recognition Issues

Tax

DHG’s tax work starts with strategic planning. We want to help you and your business take full advantage of applicable benefits, along with the reduction or deferment of tax liability where possible. We offer extensive experience with industry-specific tax credits, including energy-efficient construction, set-aside credits, and production deductions.

We focus on opportunities to maximize tax savings, involving DHG tax professionals with the right experience at the right time. These professionals specialize in various fields, including state and local tax, tax accounting method changes, entity structuring, and other strategies to minimize personal and business tax exposure.

Our tax and accounting services include:

45L tax credit for energy-efficient housing
Corporate, personal and estate tax planning
Cost Segregation Studies
Domestic Production Deduction Optimization
Estate Tax Planning
Multi State Operation/Taxation
R&D Tax Credit Studies

Reverse sales tax audits and property tax reviews
Section 179D program for tax deductions on energy-efficient buildings
Sustainability Tax Credits (historic, affordable housing, etc.)
Tax Planning/Compliance - Corporation, Partnership & Individual

When you work with DHG Construction, you benefit not only from our experience with a wide variety of contractors, but the firm’s collective tax resources too. We monitor state and federal legislative and regulatory activity, to inform our recommendations on minimizing your corporate and personal tax liability.

Advisory Services

You need advisory professionals who understand your business and how you work with other companies in the industry. We work with general contractors, trade and specialty contractors, owners and developers, architects and engineers.

We can support your continuous improvement strategies, help you assess ROI on your investments in training and technology, and work with you on business and succession planning. DHG transaction advisory professionals can provide counsel on mergers and acquisitions or divestiture, working in tandem with our estate and gift planning professionals.

Our advisory services include:

Benchmarking
Best Practices Review
Bonding, Insurance & Licensing Consultation
Budgets, Forecasts & Projections
Business Continuation Planning
Contract Claims Consulting
Cost System/Estimating Alignment
Executive & Management Incentive Compensation Planning
ERP & Software System Review and Implementation

Executive Searches
Forensic Accounting
IT Security
Mergers & Acquisitions
Litigation Consulting
Strategic Planning Facilitation
Transaction Services (Buy-Side, Sell-Side, Consulting)
Valuations

Experience

DHG Construction professionals work with all of the industry players:

General contractors
Sub/specialty contractors
Heavy/highway contractors
Industrial contractors

Home builders
Architects & engineers
Closely-held businesses
Private equity groups

DHG's industry team includes Certified Construction Industry Financial Professionals (CCIFP), a designation granted by the Institute of Construction Industry Financial Professionals, Inc. CCIFP credentials reflect industry-specific exposure to job costing and reporting, costing system design and implementation, bonding, insurance, contract law, finance, and safety.

We also benefit from the presence of former construction company CFOs in our practice. They have the experience and perspective that comes from being on the contractor side of the business, to support management of short-term results for long-term success.

Our professional certifications include:

Certified Construction Industry Financial Professionals (CCIFP)
Certified Professional Contracts Managers (CPCM)
Certified Management Accountants
General Contractors License Holder

We stay on top of industry issues

In addition to membership in the American Institute of CPAs (AICPA) and state societies of CPAs, DHG Construction professionals are active in the following trade associations:

American Subcontractors Association
Associated Builders and Contractors
Associated General Contractors
Construction Financial Management Association

Construction Professionals Network
National Association of Women in Construction
Washington Building Congress

Active involvement helps us stay current with best practices, emerging industry trends and legislative and regulatory activity on the horizon.

Knowledge Share

View All Articles

COVID-19 Impact on the Research and Development Tax Credit

With the constant discussions surrounding COVID-19, there could be positive news for construction companies. More construction companies are taking advantage of the Credit for Increasing Research Activities (R&D tax credit) than ever before to realize potentially substantial savings in the process.

Staying Healthy – Protecting Your Construction Company During a Pandemic

Publication | Apr 10, 2020
More About | Construction | Real Estate | COVID-19

While many federal, state and local authorities have issued stay at home directives, the construction industry has benefited from being deemed an “essential service,” effectively allowing many construction companies to continue work on job sites.

Seeing the Opportunity

With most current news and attention directed to the COVID-19 pandemic, it may be difficult to see anything other than cause for concern. However, in any challenging time, there also exists a profound opportunity.

Upcoming Events

Emerging Strong - Where Does the Hospitality Industry Go from Here?

For our first webinar in the Emerging Strong series, join DHG and Pinkowski & Company for a discussion on emergence, focused on the hospitality industry. Curt Griffin will discuss the CARES Act and its impacts and opportunities for the real estate and hospitality industry. Chuck Pinkowski will lead us through the question of where does the hospitality industry go from here; highlighting strategies for moving forward to drive customer confidence, reopen markets and new development and evoke optimism for the future.

Private Company Financial Reporting Matters Related to Covid-19

Following DHG’s 2020 Private Company Livestream, which kicked off the 2020 calendar year in January, the year threw us a curveball in the form of the COVID-19 pandemic. To follow up from our Livestream, this webinar will cover financial reporting implications of this disruption: financial statement disclosure impacts, asset impairment considerations, going concern and uncertainties.

DHG | tv

Section 45L Tax Credit

Section 179D Tax Deduction

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