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Do you have the right tools to run your business? The Construction Team at Jones & Roth, P.C. can help you with the tools that will make your business thrive. Business Diagnostic TM A Business Diagnostic TM performs a strategic and operational audit on your business. The audit, a questionnaire, will identify your current situation in the wider business environment through a SWOT analysis that will reveal your current strengths, weaknesses, opportunities, and threats. Benchmarking Benchmarking is a method used to determine your performance to the construction industry standards. By benchmarking your company, you will be better able to understand key financial elements relating to the overall health and performance of your business. You will be able to look at your business historically and understand the overall trends. By comparing your benchmarks to various industry standards, you can tell what is working in your company and what isn’t working. Strategic Planning A Strategic Plan is the key for company growth and development. Too often, a construction company is too busy reacting to situations that could have been avoided with some planning. A strategic plan will look at your business objectives for the next one, two, and five years. This allows you to address not only company goals but also your personal, economic, and lifestyle concerns as well. Procedure and Policy Development The development of policies and procedures is another key tool. Everyone needs to know the rules. Developing an employee manual allows your staff to review policies and make decisions with consistent interpretation. Issues can be handled fairly while reducing legal liability. Computer System and Software Evaluation The increasing demands on the construction industry to provide on time and accurate accounting and job costs has created a need for an evaluation of computer systems and software. The evaluation process outlines what is currently needed as well as what will be needed for future growth. Construction companies spend a great deal of money on computer systems that become under utilized. The evaluation process helps address these concerns. Compliance All construction companies have to follow certain compliance rules as outlined by Generally Accepted Accounting Principles (GAAP) and by the Internal Revenue Service (IRS). Our professional team can assist you with all your compliance needs. We are trained specifically in the construction area to prepare your corporate, partnership, and individual tax returns along with your audited, reviewed or compiled financial statements. Operational and Financial Controls From estimating to project completion, construction companies face a multitude of issues and challenges. Factors such as economic instability, workforce dynamics, cash flow management, job costing, and proper budgeting can be overwhelming for a busy business owner. Yet the ability to identify, evaluate, and control issues which affects construction companies can make the difference between steady and measurable growth. We can assist you in addressing the management concerns unique to the construction industry.
Other Services
Jim Christian is Director of Construction Services at Jones & Roth. If you'd like to know more about our construction team members and their expertise e-mail us at info@jrcpa.com
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