Construction
& Real Estate

Industry knowledge and close collaboration are instrumental in providing our construction and real estate clients with the insight and awareness to make the best business decisions and seize growth opportunities. 

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Minnesota Construction & Real Estate Accounting Experts.

Success in the construction industry requires the ability to cost effectively create a building structure and support systems, such as electrical, plumbing or HVAC. It also requires sharp project management skills to ensure labor, materials, supplies and equipment are properly scheduled and managed. However, beyond the day-to-day, management needs to understand and prioritize accounting and tax planning.

Construction and real estate industry accounting and taxes can be complex. It is essential to work with a CPA firm who has relevant industry experience and education.

Smith Schafer is a recognized leader in providing accounting, auditing and consulting services to the industry. Our Construction & Real Estate Group, comprised of numerous professionals, is committed to serving over 800 Minnesota construction and real estate entities. From large construction companies to specialty contractors, we have the experience to bring you innovative solutions. 

Client Case Study

We understand the industry and what keeps you up at night

Worker safety & health

Project Shutdowns or Delays

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Material Shortages

Tariff & Trade Concerns

Cash Flow

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Labor Shortages

Construction Companies Accounting & Audit Resources

specialized construction & real Estate industry SERVICES

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Accounting Services

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Proactive Tax Planning

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Audit & Review of Financial Statements

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Multistate Tax Consulting

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Financial Reporting

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Risk Assessments & Internal Controls Review

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Bookkeeping & Payroll

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QuickBooks ProAdvisor Services

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Mergers & Acquisitions

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Buying & Selling Agreements

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Budgeting & Cash Flow Analysis

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Estate & Succession Planning

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Projections & Financial Analysis

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Cost Segregation Studies

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401(k) & 403 (b) Plan Audits

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Retirement Plan Consulting

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Business Valuation

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Insurance Coverage Analysis

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Wealth Management

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Entity Structuring

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Technology Consulting

Tax laws change constantly and business owners do not always have the time to keep up with all the new regulations. Contact us today to learn tax saving strategies that best fit your situation.

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industry Involvement

Smith Schafer professionals have serviced and made a strong commitment the construction and real estate industry since 1971. This includes membership and community involvement in a number of associations including:

Why Construction & Real Estate Clients Choose Us

“Good company with smart people!”

 – Big Sky Properties

“Smith Schafer has been a long-term partner of our business for 20+ years. Everyone in the firm is reliable and always ready to help when called upon.”

 – LP Properties

“Smith Schafer is always there for any questions or concerns. They have our backs!“

 – Air-Tech Mechanical of Rochester

“Great people and great service. Hard to beat!“

 – Rochester Petroleum Equipment

“Tim Pass – exceptional customer service and thoughtful business perspective.“

 – Reimagine Southwest

“It’s all about relationships. Kim Mahanna and Meha Patel always treat me like their best customer. It’s those little things that make the BIG difference in my customer experience. Thank you!“

 – TitleSmart

“Smith Schafer always exceeds our expectations.“

 – New Line Mechanical

“As always an excellent experience with Mike Malugani.“

 – Hamilton Real Estate

“With their three office locations, Smith Schafer has diverse expertise. They are able to lay out different scenarios. They have the ability to be advisors versus other accountants who just spit out tax returns.“

 – Siewert Construction

Construction & Real Estate Industry resources

R&D Tax Credits: Easy & Effective Tax Savings

R&D Tax Credits: Easy & Effective Tax Savings

The Research and Development (R&D) Tax Credit is one of the best opportunities for businesses to reduce their tax liabilities, improve cash flow, and increase earnings-per-share. This tax credit was initially enacted in 1981 to incentivize companies to increase their investment in developing new or improved products or processes.

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3 Ways to Make Cash Flow a Priority in your Construction Company

3 Ways to Make Cash Flow a Priority in your Construction Company

The COVID-19 pandemic has caused significant changes to the construction industry and has forced them to reevaluate many factors affecting their businesses. Making cash flow strategies a priority is something every construction or contractor company owner needs to keep in the forefront of their mind.

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