Construction

Construction isn’t just about building structures—it’s about building success. Richey May delivers specialized expertise that goes beyond traditional accounting, transforming complex financial challenges into strategic opportunities for contractors, architects, and engineers.

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Building Success

Expert Knowledge in the Construction Industry

Richey May delivers specialized accounting, tax, audit, advisory, and consulting services crafted to meet the unique challenges faced by construction firms including contractors, subcontractors, architects, and engineers. Our services help improve profitability, manage risk, and support growth in today’s competitive construction landscape.

Audit & Assurance

Financial statement audits, reviews, and compilations tailored to construction businesses
Specialized compliance services including HUD cost certifications, government contract audits, and single audits (Yellow Book)
Forensic accounting and litigation support related to bonding, insurance claims, and dispute resolution
Internal controls development and assessment to protect assets and streamline operations

Tax Planning & Compliance

Construction-focused tax planning, filing, and reporting across federal, state, and local jurisdictions
Multi-state tax compliance and payroll considerations
Strategic guidance for equipment and asset depreciation, contractor credits, and tax-efficient business structures
Support for tax credits including R&D, energy, and investment credits relevant to construction projects

Client Accounting Services

Full or partial outsourcing of accounting functions tailored to construction operations
CFO advisory services focused on financial reporting, budgeting, and operational improvements
Cloud accounting and technology integration tailored to streamline construction workflows

Cybersecurity Services

Construction firms face increasing cybersecurity risks as they integrate digital tools and interconnected systems into their operations. Safeguarding sensitive project data, financial information, and operational technology is critical for maintaining business continuity and protecting valuable assets. Richey May Cyber helps construction clients by providing tailored cybersecurity services designed specifically for the construction industry’s unique threats and compliance needs:

Conducting risk assessments and vulnerability testing to identify security gaps
Performing IT control reviews to ensure effective cybersecurity measures are in place
Developing and implementing incident response plans to quickly address cyber incidents
Providing employee training and awareness programs to reduce human error risks
Protecting critical data including blueprints, contracts, financial records, and payment info
Ensuring compliance with industry regulations and standards relevant to construction
Designing business continuity and disaster recovery strategies to minimize operational downtime