Construction Industry
The Innovative CPA Group’s (ICG) construction accounting services division is dedicated to serving construction contractors with individually tailored solutions supported by well-founded technical expertise. We work with our construction clients by supporting them through regulations connected to the construction industry and aligning their businesses to maximize tax-advantaged strategies to achieve their financial goals.
ICG is committed to the growth and success of its construction industry clients by offering strategic and timely accounting, consulting, and taxation services designed to help build a more profitable and valuable construction business.
Construction firms face a multitude of intricate challenges from rising costs, bidding, bonding, and regulatory changes, among others. There is an essential need for these companies to engage professionals that understand the intricate world of accounting for contracting businesses and the elements of a construction project. Our advisors will help you anticipate major issues and understand the industry-specific challenges facing the construction industry today. Inquire about our construction accounting services!
The Team at ICG is here to help, with the solutions and savings you want, and the peace of mind you need.

Construction Division Services
Tax & Bookkeeping Services
- Business tax preparation
- Strategic tax planning
- Tax structuring
- Tax minimization strategies
- Bookkeeping
Assurance Services
- Audit and assurance
- Evaluation of internal control assessments
Consulting Services
- Merger and acquisition due diligence
- Valuation
- Litigation and dispute resolution
- Forensic Accounting
- Turnaround and restructuring
- Risk assessment and management
Specialty Services for Construction Companies
- Evaluation of financing opportunities and alternatives
- Revenue recognition methods
- Cost Segregation Studies
- Benchmarking reports
- Cash flow management
- Contract accounting review
- Deferred like-kind exchanges
- Portfolio analysis
- Property Purchase Analysis & Underwriting
- Qualified opportunity zone consulting
- Intra-family wealth transfers
- Lender and loan workout negotiations and analysis
- Loan proposals and loan packages
The Latest Industry News
Hero Pay for Connecticut Workers
*A helpline is available to help people who have [...]
3 Criteria to Classify a Worker and Avoid Employee Misclassification
Some businesses may hire both independent contractors and employees, [...]
Energy Efficient Home Credit for Developers – How to claim for new construction
Energy efficient dwellings built between December 31, 2017, and [...]