Accounting & Tax Services for Construction and Real Estate

Providing specialized accounting, tax, and consulting services to the construction industry. We work with everyone from project owners to architects, to general contractors and subcontractors, as well as the trade associations they belong to. Over the years, our clients have come to trust and rely on the experience and knowledge we provide to help make fully-informed business decisions. Many long-term relationships have been built based on trust and a mutual pursuit of excellence.

Construction Industry Team

In 1993, HSS formed the Construction Industry Team to serve the specialized financial needs of contractors and related businesses. This intense focus allows team members to truly keep abreast of the latest accounting pronouncements, tax legislation, and other changes happening within the industry. In turn, we are then able to pass the benefits of that knowledge on to our clients. The leaders of our construction team have obtained and continue to hold the national recognition of Certified Construction Industry Financial Professional (CCIFP)

Dedicated to Success

Our Firm is dedicated to the construction industry and to the success of our contractor clients. The members of our Construction Industry Team have taken even a further step of commitment toward our construction clients. These individuals meet periodically to review recent tax and/or accounting developments in the industry. The team members then take that knowledge and provide additional in-house training to our own professionals, as well as provide formal training to other professionals working in the industry.

Our Commitment

Another sign of our commitment to the construction industry is our continuing participation in various construction related associations such as:

  • Oregon-Columbia Chapter of the Associated General Contractors of America (AGC)
  • Construction Financial Management Association – Portland Oregon Chapter (CFMA)
  • Pacific Northwest Chapter of the Associated Builders and Contractors (ABC)
  • Columbia Chapter Sheet Metal and Air Conditioning Contractors’ National Association (SMACNA)
  • Surety Association of Oregon (SAO)
  • Northwest Utility Contractors Association (NWUCA)

Additionally, firm members have developed good working relationships with bonding company representatives and general insurance agencies, attorneys, bankers and other professionals serving the construction industry.

Construction Industry Services

Some of the services we provide our construction industry clients are:

  • Accounting and auditing (compilations, reviews and audits)
  • Consulting on improving bonding and banking relationships
  • Development of accounting systems, including work in process schedules and overhead & equipment allocations
  • Implementation of construction specific tax strategies
  • Tax credit consulting
  • Tax consulting and compliance, including representation before taxing authorities
  • Cost segregation
  • Consultation on R&D 
  • Job costing systems design
  • New entity selection (S corp./C corp./LLC/Partnership)
  • Estate and retirement planning, family wealth planning
  • Succession planning
  • Strategic planning
  • Budgeting and cash management
  • Benchmarking
  • Risk assessment and management
  • ERISA audits, preparation of Form 5500