Industry
Built for Indiana contractors.
Tax, accounting, and advisory for Northeast Indiana construction trades — job costing, WIP accounting, percentage-of-completion methods, and the year-round planning trades need.
Construction is its own accounting world: jobs in progress, retainage, change orders, multi-county sales tax, weather-driven cash flow, and the lookback rules for long-term contracts. Generic small-business accounting doesn't handle it correctly.
We work with electrical, HVAC, plumbing, concrete, framing, masonry, and general contractors across Northeast Indiana — small enough to need a local CPA, big enough that getting the books and tax right materially affects the year.
What's the difference between completed-contract and percentage-of-completion?
Two main methods for long-term contracts. Completed-contract recognizes revenue and cost when the job finishes — simple but lumpy, and only allowed below the small-contractor threshold ($31M average gross receipts in 2026, indexed). Percentage-of-completion recognizes revenue and cost as the job progresses — required above the threshold and often preferred below.
Method choice affects taxable income timing significantly. We model both for new contractor clients and recommend based on size, growth trajectory, and cash-flow preference.
How does Indiana sales tax work for contractors?
Indiana contractors pay sales tax on materials at point of purchase (cost basis). For lump-sum contracts, contractor is the consumer; for time-and-material contracts where materials are separately stated, the customer is the consumer and the contractor collects/remits.
Cross-county work doesn't change Indiana sales tax (statewide rate), but does affect local income tax withholding on employees who work in multiple counties.
What about retainage and over/under billing?
Retainage (typically 5–10% withheld until job completion) requires proper accounting — we set up retainage receivable as a separate balance-sheet line and track it per job. Over/under billing is tracked on the WIP schedule.
WIP (Work-in-Progress) schedules are also what your bonding company asks for. We prepare WIP quarterly for bonded contractors.
Common questions
Construction Trades — questions we get
Do you handle bonding-company financial requests?
Can you do prevailing wage payroll?
What about contractor licensing and continuing education?
Do you handle multi-state work?
Should I be on accrual or cash basis?
What's the deal with 263A and contractors?
Most relevant services
Where to start
Foundational
Monthly Bookkeeping
Clean books, on time, every month. Reconciled bank and credit accounts, categorized transactions, financials you can actually read.
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Strategic
Strategic Tax Planning
We model the year before it ends. Estimated payments, retirement contributions, entity-level moves, and family income shifting.
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Operational
Payroll
Run payroll without thinking about it. Direct deposit, federal/state filings, W-2s, 1099s, reasonable-comp reviews for S-corp owners.
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Annual
Business Tax Prep
Federal and Indiana returns for S-corps, partnerships, LLCs, and schedule-C filers — modeled before they're filed.
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Next step
Ready to keep more of what you earn?
Talk to a CPA who actually picks up. Quick scoping call, no pressure — we'll tell you straight if we're the right fit.