McCarthy & Company Named a Top 50 Construction Accounting Firm™ by Construction Executive

MCC Construction Zone

McCarthy & Company Named a Top 50 Construction Accounting Firm™ by Construction Executive

M

cCarthy & Company, PC, is pleased to announce that Construction Executive, the leading publication for the business of construction, has included the firm on its list of Top 50 Construction Accounting Firms™ for the third consecutive year.

“We are honoredto be included on this revered list of construction accountants,” says Martin C. McCarthy, CPA, CCIFP, and the firm’s managing partner. “The foundation of our practice is built on working with construction contractors. Clients benefit from our extensive knowledge of the tax elections and credits that are unique to the construction industry. We develop a Tax Blueprint for clients to ensure that they take advantage of every legitimate opportunity to save money on their taxes. McCarthy & Company is focused on helping contractors strengthen their financial positions, grow their businesses, and become more profitable.”

The data collected to determine the Top 50 Construction Accounting Firms™ included: 1) 2020 revenues from construction practice; 2) number of CPAs in construction practice; 3) percentage of firm’s total revenues from construction practice; 4) number of construction clients in 2020; 5) number of office locations with a construction accounting practice; 6) number of employees with CCIFP certification; and 7) year construction accounting practice was established. The ranking was determined by an algorithm that weighted these factors in descending order of importance. McCarthy & Company ranked the fourth highest in the percentage of firm’s total revenues from its construction practice at 71%.

Construction Executive is published by Associated Builders and Contractors (ABC) Services Corp. It is a leading source for news, market developments, and business issues impacting the construction industry.

Pro�it Enhancement

Our Construction Services Team is well-recognized as a construction industry leader, especially in heavy construction. We have proven experience helping our construction clients strengthen their fi nancial positions, grow their businesses, and become more profi table.

Specialty Tax Incentives

As new laws are introduced these credits may change, expire and/or have new stipulations added. Examples include:

• Research & Development Credits • Employee Retention Credits • Net Operating Loss Carrybacks / Carryforwards • 20% Pass-Through Deductions

Advisory Needs

Assisting owners with complex decisions related to where they are in the lifecycle of their business and how regulatory or economic changes may impact their decisions. Examples include:

• Cash Flow Forecasting & Planning • Profi t Enhancement & Financial Modeling • Assistance With Mergers or Acquisitions • Sale of a Business • Constructing a Family Succession Strategy

We Help Build Company Value

Our Tax Blueprint

This is an essential part of any business plan. Taxes signifi cantly impact profi tability, and every business should have a Tax Blueprint to understand how their specifi c tax considerations may need to be altered.

• How steps to reduce income impact fi nancial statements, cash fl ow, working capital and fi nancial ratios. • How a change in accounting methods can impact fi nancial results. • Integrating business tax decisions with an owner’s personal fi nancial decisions.

• Trust, estate, and gifting strategies.

454 Germantown Pike ● Lafayette Hill, PA 19444 610.828.1900 (PA) ● 732.341.3893 (NJ)