Selecting a CPA is a pivotal decision for your company. This industry partner should be your greatest advocate during critical moments in your company’s development, help your company maximize its bonding capacity, introduce you to bonding and surety agents, and effectively advise you through unexpected complexities.

But how can you determine if a CPA understands the fundamental principles and intricacies of the construction industry?

This article will highlight the key characteristics to consider when selecting this trusted confidante and advisor for your company.

Understand Your Company’s Needs

The first and most frequently overlooked step in choosing your CPA and CPA firm is to take the time to truly understand your own company’s needs. These expectations can be narrowed down by determining:

• If your company needs a local, regional, or national CPA firm;
• Who receives the requisite financial statements; and
• If your company needs any additional services from a CPA firm.

With your needs clearly defined, you can then analyze comparable skill sets, understand pricing models, and determine the differentiating factors among firms.

Experience

Your CPA should understand the nuts and bolts of the construction industry – not only to prepare financial statements and tax returns, but also to advise on every potential financial impact that can occur on a project.