CONSTRUCTION ACCOUNTING & CONSULTING SERVICES

Succeeding in the construction industry takes accurate bidding, quality work, savvy management, cost controls and the assistance of advisors who know the business and can help move your company ahead. The Lutz Construction Accounting and Consulting team excels in helping construction companies stay competitive while solidifying their financial position. We offer a full range of tax, audit, accounting, business consulting and financial planning services tailored to the unique needs of the construction industry.

Lutz is the area’s only member of the Construction Industry CPAs/Consultants Association (CICPAC), a nationwide network of CPA firms specifically selected for their experience in and commitment to serving the construction industry. That affiliation means you get the individual attention of our firm combined with the knowledge and resources of a nationwide network of construction industry specialists.

Our experienced professionals are dedicated to delivering timely, accurate and personalized service that meets the highest standards of quality and integrity. As a result, we have built a strong reputation for helping construction companies like yours increase their profitability and success.

Here are a few areas where we use our expertise to help improve your operations and performance:

Construction Consulting + Advisory
  • Accounting systems Information and advice on emerging issues that affect your company
  • Comprehensive network of construction industry specialists as the need arises
  • Analysis of buying, leasing and renting equipment
  • Cash flow and trends in the industry
  • Assistance in dealing with bonding agents and surety companies
  • Job costing and project management
  • Internal Control Evaluations
Audit & Accounting
  • Audits, reviews and compilations of financial  statements
  • Project profitability analysis and financial benchmarking
  • Financial modeling and cash flow analysis
Tax Strategies
  • Tax compliance and year-round cashflow planning
  • Entity formation and tax structuring
  • Sales and use tax planning and audit representation
  • Estate and succession planning
  • Consulting on accounting methods allowable for tax filings – cash, accrual, completed contract or percentage completion
  • Tax planning and compliance assistance whether one state or many

RECENT POSTS

What Are Surety Bonds, and When Might You Need One

What Are Surety Bonds, and When Might You Need One

Surety bonds are used in the real estate and construction industries to ensure the completion of a contract in the event of a contractor default. If you as a contractor are bidding on work, there is a possibility that contract requires a surety bond…

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Disclosing Cybersecurity Risks

Disclosing Cybersecurity Risks

In the wake of the several high profile data breaches in 2017, the SEC is discussing plans to update its interpretive guidance for public company disclosures about cybersecurity risks. This article explains why the SEC wants to refresh the guidance and plans to lead by example in the effort to improve cybersecurity disclosures…

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Will FASB Provide Relief from Reporting Taxes Under the New Law?

Will FASB Provide Relief from Reporting Taxes Under the New Law?

Companies and their auditors are under pressure to figure out how the new tax law will affect their 2017 financial statements. This article explains the FASB’s recent decision to follow the SEC’s lead and provide timely relief that will help simplify the rules for reporting the effects of the changes — and minimize potentially misleading side effects…

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New Standards Highlight the Importance of Strong Internal Controls

New Standards Highlight the Importance of Strong Internal Controls

Companies need to pay close attention to how the adoption of some of the FASB’s new standards may affect their control systems in 2018 and beyond. This article explains that public companies and their auditors are expected to face a number of challenges with testing internal controls and ensuring that they’re sound. The effect is also likely to affect private companies, though they have a one-year reprieve on implementing the new rules and they’re not regulated by the SEC…

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OMAHA

13616 California Street, Suite 300

Omaha, NE 68154

P: 402.496.8800

LINCOLN 

601 P Street, Suite 103

Lincoln, NE 68508

P: 531.500.2000

HASTINGS

747 N Burlington Avenue, Suite 401

Hastings, NE 68901

P: 402.462.4154

GRAND ISLAND 

2722 S Locust Street

Grand Island, NE 68801

P: 308.382.7850

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