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Construction, Real Estate and Design

The construction and real estate industries face distinct business and tax challenges due to potential complex operational structures, extended project timelines, compliance requirements and regulatory environments. If you are a general contractor, specialty subcontractor, developer, engineering firm or architectural firm, we have the experienced professionals that know the industry and have the expertise in financial operations, tax planning and reporting to meet your current needs and future goals.

Our nationwide client base includes:          

  • Commercial general building contractors
  • Industrial contractors
  • Construction management contractors
  • Heavy and civil engineering contractors
  • Specialty contractors including electrical, mechanical, HVAC, structural and roofing
  • Residential contractors
  • Architectural and engineering firms
  • Residential developers
  • Commercial developers
  • Hospitality developers

How can we help?

We understand that the construction and real estate industry has unique challenges, such as fluctuating cash flow, contract complexities, compliance requirements, and tax regulations. Our construction, real estate and design team has the experience and determination to resolve these challenges by providing you with the guidance and expertise we have developed over thirty years in assisting our clients within the industry. Our goal is to assist your company in meeting your current needs and future goals.

We work with our clients to help them provide the reliable financial data that they need to satisfy stakeholders such as investors, lenders, sureties, and regulatory authorities. We offer tax planning strategies to minimize tax liabilities while also providing tax compliance services to assure that all reporting is done in compliance with existing tax laws and regulations.

Our services include:

  • Attest Services
  • Due Diligence and Agreed Upon Procedures
  • Job Costing and Profitability Analysis
  • Budgeting and Cash Flow Forecasting and Planning
  • M&A
  • Tax Planning and Compliance
  • Tax credits and incentives including R & D, Section 179D and Opportunity Zone planning
  • Sales and Use Tax
  • Cost Segregation
  • Look-back Calculations
  • Multi-state Tax Compliance Including Apportionment and Nexus Determination
  • Succession Planning

What can you expect when working with LB Carlson?

Our professionals have the industry knowledge, experience, and dedication to resolve the challenges of financial and tax reporting you face during each stage of your business. By being proactive, we get to know the operational aspects of our clients allowing us to uncover planning opportunities that can contribute to cost saving and increased profitability. Our construction group has over 40 years of experience and we pride ourselves in maintaining continuous successful client relationships through the entirety of that time.

Practice Leader
Paul Radosevich
Contact Paul

Your Construction, Real Estate and Design Team Leaders

Victoria Holinka,
Principal

Kalen Karnowski,
Principal

Spencer Langer,
Client Manager

Blog Posts

Do you have a side gig? Make sure you understand your tax obligations

January 6, 2020

The number of people engaged in the “gig” or sharing economy has grown in recent years. And there are tax consequences for the people who perform these jobs, such as providing car rides, renting spare rooms, delivering food and walking dogs. Generally, if you receive income from these gigs, it’s taxable. That’s true even if the income comes from a side job and if you don’t receive a 1099-MISC or 1099-K form reporting the money you made. You may need to make quarterly estimated tax payments because your income isn’t subject to withholding. Some or all of your business expenses may be deductible on your tax return, subject to the normal tax limitations and rules. Contact us to learn more.

What’s the right device policy for your company?

January 6, 2020

Device policies pertaining to smartphones and other technology tools are evolving. Loose “bring your own device” (BYOD) policies are giving way to stricter “choose your own device” (CYOD) or “corporate-owned, personally enabled” (COPE) policies. A CYOD policy lets employees buy a device for combined personal/work use from a company-approved list. Generally, the employee owns the device while the business owns the SIM card and any proprietary data. Under a COPE policy, the employer buys and owns the device, which is intended for business use. The cost is higher, but it comes with greater control. We can help you analyze the potential costs of a device policy and make the right choice.

3 key traits of every successful salesperson

December 2, 2019

The best salespeople are closers, who seal the deals and pull in the revenue that drives a company’s bottom line. And they all have these three things in common.

LB Carlson to Sponsor the 2019 Minnesota Manufacturing Conference

August 20, 2019

The 2019 Minnesota MANUFACTURING CONFERENCE Strengthen. Unify. Educate. Wednesday & Thursday, October 16 & 17, 2019 Minneapolis Marriott Northwest 7025 Northland Drive, N., Brooklyn Park, MN 55428 The Minnesota Precision Manufacturing Association (MPMA) and the Manufacturers Alliance are co-hosting The…