Real Estate & Construction

Location may be everything in real estate, but we would argue that knowledge and savvy business intelligence are just as critical. Success in real estate and construction businesses is far more complex than the simplistic notion of bricks and mortar. There are the risks – cost overruns, market timing and material and workforce shortages – as well as the opportunities – improved cash flows, better cost allocation, prudent tax planning – all of which can have a significant impact on profitability. From this perspective, the accountant with whom you partner can be equally as important as the location in which you invest. For numerous real estate and construction companies, PKM is that partner.

Real Estate

PKM provides a wide range of assurance and tax services to the real estate industry, including commercial and residential real estate owners, developers, operators, management companies, and other mid-sized and family-owned real estate enterprises. Our team of dedicated professionals has been specially trained to take a comprehensive approach to your real estate business and compliance needs. Your PKM advisor works in conjunction with other PKM specialists, to assist you in understanding and obtaining your long term financial and business goals.

Construction

Growing and managing your resources are necessary for you to compete in today’s construction industry. Keeping pace with industry changes in environment, labor, ergonomics, and taxation – and applying that knowledge to your business – is what drives growth. Our industry-dedicated group understands the issues that are unique to construction companies including profit enhancement, deferred taxation, and financing alternatives. Through careful planning and analysis, years of experience, and specific expertise in the construction industry, we take a "big picture" look at your needs and then personalize a financial blueprint that keeps you on track to fiscal stability and long-term prosperity.

At the height of such a volatile economy, even the most prosperous of construction companies can endure an unexpected hardship. That is why now, more than ever, it is important to opt for an experienced CPA firm that will not only fully contribute to the understanding of a contractor's financial condition but also help to enhance that condition. Follow this link to the “Rich Contractor, Poor Contractor” CD featuring Lanny Harer. Lanny has been advising contractors on improving their company’s performance for more than 35 years.

Industry Knowledge

Our real estate/construction industry knowledge has been acquired through formal training and experience. This institutional knowledge base is enhanced by our membership in ProfitCrew™, an association of accountants and business advisors dedicated to helping real estate/construction companies build profitable businesses. Through ProfitCrew, we have access to additional knowledge and expertise from some of the top real estate/construction industry advisors throughout North America. ProfitCrew also provides its members with highly-specialized technical resources. To learn about a ground-breaking group of accounting firms whose deep expertise in construction and real estate can help you run a more profitable business, watch this 3-minute message from Porter Keadle Moore, LLP.

Three important ProfitCrew connections of note include a partnership with industry consultant Charles Vander Kooi, known in the industry as the "construction evangelist" for his hard-hitting preaching advice for contractors; Dr. Thomas Ratcliffe, Director Emeritus of the School of Accountancy at Troy University; and academic leaders at Clemson University’s Construction Science and Management Department. These partnerships help clients address critical success factors such as productivity, bidding strategies, staffing and more. Charles Vander Kooi talks about the 6 Questions Contractors Always Ask.

At PKM, we are dedicated to helping construction contractors build profitable businesses. Our membership in ProfitCrew™ allows us to provide exceptional products and services to contractors and developers. Listen to an abridged audio presentation by construction entrepreneur George Hedley discuss "How to Build Your Construction Company to Always Make a Profit".

In cooperation with Clemson University’s Department of Construction Science and Management and the National Association of Women in Construction (NAWIC) Education Foundation, ProfitCrew members participate in two specialized training and certification programs: The Construction Industry Technician (CIT) program, and Intermediate Construction. Both of these programs give participants a contractor’s perspective, which yields a clearer vision for the challenges and opportunities companies encounter in running and growing a business. This augments training obtained annually at the national AICPA Construction Conference and ProfitCrew member meeting, both of which keep participants current on industry hot topics and emerging issues.

PKM has three committee-serving members of ProfitCrew. Tax Manager Adam Polakov sits on the association’s planning committee. Audit Partner Arvil Stanford serves on the membership committee and Director of Marketing Laura Snyder chairs the ProfitCrew marketing committee. The firm is also a member of the Greater Atlanta Home Builders Association and an active participant on the association’s event planning committee.

Listed below are links to several articles that Adam Polakov has written for Construction Business Owner magazine. 

• The Turbulent Tax Debate: How Your Construction Company Will Be Affected
• How New Health Care Legislation Will Impact Your Construction Business
• Rules in Construction Tax Accounting
• Tax Strategies in a Tough Economy
• Taxes and Planning in 2010 for Your Construction Business
• What could the Tax Treatment of Losses Incurred by an LLC or LLP Mean for Your Construction Business?
• Roth IRA Conversion: Is It Right for Your Construction Business

ConstructionBusinessOwner.com is a trade publication and website that provides business management information for contractors. The website includes all of the Construction Business Owner magazine articles, web-exclusive articles & blogs from industry professionals, and other resources such as downloadable forms and checklists, an equipment and services directory, news, events, auction dates, social networking opportunities, archived webinars, product information and more. The articles on the site cover some of the following topics: software/technology, accounting/ finance, insurance/risk management, green building, safety, compliance/regulations, legal issues, marketing, human resource management and equipment management. The articles offer tips, how-to’s, do’s and don’ts to help owners achieve business success.