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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

Your Construction, Real Estate and Design Team Leaders

Victoria Holinka,
Principal

Kalen Karnowski,
Principal

Spencer Langer,
Client Manager

Blog Posts

Minnesota Precision Manufacturers Association Annual Event

On October 25th, LB Carlson was a sponsor for the MPMA Manufacturing/NEXT 2018 meeting featuring Titon Gilroy as the keynote speaker.  His powerful message was “Inspiring the Next Generation of Manufacturers” by engaging the younger generation through the utilization of…

Minnesota MHA Conference 2018

We attended the Minnesota Multi Housing Association’s Convention Products Show on October 9, and this year’s theme was “Game On!”. Attendees stopped by our booth and had fun playing a bags game in order to win a drink ticket. We…

Reflections on Our Rebranding

As a long tenured employee at our firm it might be understandable that our recent rebranding has been somewhat emotional for me. In July, we renamed the firm LB Carlson in honor of our founding partner, Lawrence (Lary) B. Carlson….

Sending your kids to day camp may provide a tax break

When school lets out, kids participate in a wide variety of summer activities. If one of the activities your child is involved with is day camp, you might be eligible for a tax credit! Dollar-for-dollar savings Day camp (but not…

Are You Ready For Changes In Revenue Recognition? Part 1

A manufacturer’s current accounting policy related to revenue recognition could change in the upcoming months with the recent passage of new revenue recognition standards by the Financial Accounting Standards Board.  Previously, the standards treated contract and other manufacturing arrangements as…