Construction Accountants & Advisors

MBK understands the specific challenges of the construction industry and offers a comprehensive list of expert services for professionals on all sides of the business.

Business Strategy From The Ground Up

The construction industry may be cyclical and highly competitive, but it is also the industry that builds America and enhances the quality of our lives in so many ways. The business of construction requires steady oversight of costs, profit margins, liability and exposure. It is also uniquely impacted by the IRS’s ever-changing tax code. Whether you are a general contractor, subcontractor, site developer, a residential home developer or commercial builder, or in the related trades, you need an accounting firm that understands the end-game in this industry — profitability, and that has the tax, accounting and business strategy capabilities to help you build a sound financial future.

Ready to get started?

Call us at (413) 536-8510

Construction Professional Services

Tax planning, multi-state taxation, sales and use issues

Cost segregation studies

Outsourced CFO/controllership services

Industry benchmarks

Job costing and analysis

Contract evaluations

Financial forecasting and budgeting

Operational assessments and internal controls

Compilations, reviews and audits of financial statements

Employee benefit plans

Succession planning

Cash flow analysis

Work With Our

Experienced Accounting Team

Submit any inquiry or request for proposal (RFP) below.

Construction Accounting Insights

Qualified Small Business Stock

By Katrina Arona • March 18, 2025

Under the right circumstances, qualified small business stock (QSBS) offers tax savings for business owners. Essentially, QSBS allows them (and their heirs) to sell their stock free of capital gains tax.

BOI Injunction Lifted

By Katrina Arona • February 19, 2025

The Corporate Transparency Act (CTA) which took effect on January 1, 2024 required "reporting companies" in the United States to disclose information about their beneficial owners to the Treasury Department's Financial Crimes Enforcement Network (FinCEN). In May 2024, a lawsuit was filed claiming that Congress exceeded its authority under the Constitution in passing the CTA. Background: December 3, 2024 in the Texas Top Cop Shop, Inc., et al. v. Merrick Garland, Attorney General of the United States, et al., Judge Amos Mazzant of the United States District Court (Eastern District of Texas/Sherman Division) issued a preliminary nationwide injunction barring the enforcement of the Corporate Transparency Act (CTA). December 23, 2024 the Nationwide Injunction is lifted and filing deadlines are reinstated. Financial Crimes Enforcement Network of the U.S. Department of Treasury (FinCEN) may again enforce the CTA. FinCEN has not extended any filing deadlines. Therefore, all reporting companies should file immediately any beneficial ownership information reports (BOIRs) that were already due, and reporting companies formed prior to 2024 should file their BOIRs by January 13, 2025 (extended from January 1, 2025). December 27, 2024 the federal appeals court on Thursday reinstated a nationwide injuction halting enforcement of beneficial ownership information (BOI) reporting requirements, reversing an order the same court issued earlier this week. FinCEN issued an updated alert on its BOI information page , saying that companies can voluntarily submit BOI reports. February 7, 2025 FinCEN will consider changes to the BOI reporting requirements if a court grants the government's request for a stay of a nationwide injunction in a Texas case, according to a motion filed Wednesday, February 5th. If the stay is granted, FinCEN will extend BOI filing deadlines for 30 days, the government said in its filing in Samantha Smith and Robert Means v. U.S. Department of the Treasury, No. 6:24-CV-336 (E.D. Texas 1/7/25). BOI reporting is currently voluntary, pending further legal developments. Businesses and stakeholders should stay alert for additional updates as the situation evolves. Current Status: February 18, 2025 A federal court lifted the last remaining nationwide injunction stopping BOI reporting requirements. FinCEN which enforces BOI requirements under the CTA said it would extend filing deadline for initial, updated, and/or corrected BOI reports to March 21. However, reporting companies that were previously given a deadline later than March 21 may file their initial BOI report by that later deadline. Resources for consideration: March 21 BOI reporting deadline set; further delay possible BOI Injunction Lifted FinCEN BOI Center

BOI Reporting Update

By Katrina Arona • February 6, 2025

February 7, 2025 FinCEN will consider changes to the BOI reporting requirements if a court grants the government's request for a stay of a nationwide injunction in a Texas case, according to a motion filed Wednesday, February 5th. If the stay is granted, FinCEN will extend BOI filing deadlines for 30 days, the government said in its filing in Samantha Smith and Robert Means v. U.S. Department of the Treasury, No. 6:24-CV-336 (E.D. Texas 1/7/25). BOI reporting is currently voluntary, pending further legal developments. Businesses and stakeholders should stay alert for additional updates as the situation evolves

Real People. Real Stories. Real Results.

MBK Construction accounting firm customer testimonials.

"The firm is by far the most credible that I have dealt with in my career. They do a difficult job well and with the highest concern for professional courtesy, fairness, and above all, integrity."

Joseph M. | Marois Construction

"We were referred to Meyers Brothers Kalicka by our former accounting firm when we had outgrown them. Meyers Brothers Kalicka is on the cutting edge of change. They're very, very thorough."

Dan K. | Kleeberg Sheet Metal