Real Estate and Construction Accounting and Advisory Services
Real estate and construction companies operate in a high-stakes environment where project timelines, capital investment, and regulatory requirements intersect. From managing cash flow across projects to navigating complex tax strategies and compliance demands, success depends on having the right financial and operational foundation in place.
LBMC works with developers, contractors, investors, and real estate operators to help manage risk, improve profitability, and support long-term growth. With decades of experience and a full range of accounting, tax, advisory, and technology services, our team provides practical guidance that aligns with how your business actually operates.
Questions About Our Services?
Whether you’re navigating change, planning for growth, or addressing operational challenges, our team helps you determine the right strategy for your business.
Where Support Matters Most in Real Estate and Construction
Real estate developers and construction firms operate under constant financial pressure—from rising material and labor costs to shifting interest rates and complex project timelines. At the same time, evolving accounting standards and multi-entity structures add layers of reporting and compliance requirements. While each segment has unique challenges, both require clear financial visibility, disciplined processes, and proactive planning to stay on track and protect margins.
- Revenue recognition complexity under ASC 606 for long-term construction contracts
- Lease accounting under ASC 842 for property portfolios and equipment leases
- Cost segregation and accelerated depreciation strategies to improve cash flow
- Multi-entity and multi-state tax compliance across project and ownership structures
- Cash flow management across project timelines, draws, and development phases
- Internal controls and fraud prevention in construction billing and job costing
- Surety bonding requirements and financial statement expectations for contractors
- Workforce management, including prevailing wage compliance and certified payroll
Real Estate and Construction Insights
Featured Webinar: One Big Beautiful Bill: What You Don't Know (Yet)
The One Big Beautiful Bill Act (OBBB) introduces potential tax and policy changes that may affect real estate developers and construction firms, especially around depreciation, tax credits, and project financing. Changes to incentives, compliance requirements, and capital investment rules could influence how projects are structured and how returns are realized.
For businesses managing long-term projects and tight margins, even small shifts can impact cash flow and tax planning decisions. Staying ahead of these changes helps reduce risk and uncover opportunities.
Get a clear breakdown of what changed and what it means for your business. Watch our webinar to hear directly from our tax experts on how to prepare, where risks may arise, and what opportunities to consider.
Key takeaways:
- Potential changes to depreciation, credits, and investment incentives may impact project profitability
- New requirements could affect compliance, reporting, and deal structuring decisions
- Early planning can help optimize tax strategy and avoid surprises
Real Estate and Construction Services Built Around Your Projects
Real estate and construction companies operate across complex project lifecycles, ownership structures, and regulatory environments. LBMC brings together accounting, advisory, tax, cybersecurity, and technology services to help you manage risk, improve project visibility, and support profitable growth—from development through completion and beyond.
Real Estate & Construction Advisory and Business Consulting
Developers, contractors, and investors need clear insight into project performance, costs, and financial outcomes. LBMC’s advisory and business consulting services help organizations improve financial visibility, manage project risk, and make informed decisions throughout the lifecycle. We work alongside leadership teams to evaluate opportunities, address operational challenges, and align financial strategy with project goals—bringing together accounting, transaction, and valuation insight to support both active projects and long-term growth.
Real Estate & Construction Audit & Assurance Services
Accurate financial reporting and strong internal controls are critical for managing projects, securing financing, and meeting stakeholder expectations. LBMC provides audit and assurance services that support compliance, improve transparency, and help real estate and construction companies maintain credibility with lenders, investors, and surety providers.
Real Estate & Construction Tax Services
Real estate and construction companies face evolving tax regulations, multi-entity structures, and opportunities tied to project investment. LBMC’s tax professionals help manage compliance, identify tax-saving opportunities, and support strategic planning across the full lifecycle of your projects.
Real Estate & Construction Cybersecurity & Technology Solutions
As construction and real estate operations become more connected, protecting systems and using data effectively is critical. LBMC helps organizations strengthen cybersecurity, modernize technology platforms, and improve visibility into financial and operational performance—supporting better decision-making across projects and portfolios.
Related services:
Solutions Built Around Your Goals
Whether you’re managing complexity, preparing for growth, or exploring new opportunities, LBMC delivers practical guidance and strategic support to help you move forward with confidence.
R&D Tax Credit Case Study for Construction & Real Estate
- $13M in qualified research expenses (QREs)
- $1.1M in federal tax credits
- Additional state-level credits across multiple jurisdictions
Do You Qualify for R&D Tax Credits?
Many construction and real estate companies qualify without realizing it. You may be eligible if you:
- Employ engineers, project managers, or technical staff
- Develop or improve processes, designs, or systems
- Incur material costs during development or testing
- Build prototypes, models, or custom solutions
Why Leading Real Estate and Construction Firms Choose LBMC
Real estate and construction companies choose LBMC for practical guidance, industry-specific experience, and a coordinated approach that brings multiple disciplines together. Our team understands how projects, entities, and financial strategies connect—and delivers support that aligns with how your business operates.
- Integrated Family of Companies: Accounting, tax, audit, technology, cybersecurity, HR, and wealth advisory delivered through one coordinated team
- 30+ years of industry experience: Serving developers, general contractors, and property managers across the region
- Construction-focused technology expertise: Including ProForm AIA billing and Sage Intacct Construction implementation
- Tax credit and incentive experience: Cost segregation, R&D credits, 1031 exchanges, Opportunity Zones, and energy efficiency deductions
- Transaction advisory support: Due diligence and guidance for acquisitions, dispositions, and capital raises
- Regional presence, national expertise: Offices in Nashville, Knoxville, Chattanooga, Memphis, Louisville, Charlotte, and Philadelphia.
Talk to a Real Estate and Construction Advisor
Whether you need help with cost segregation, construction audit requirements, tax planning for a development project, or technology to streamline your back office, LBMC’s team is ready to help.
Real Estate and Construction Organizations We Support
Real estate and construction organizations operate across a wide range of business models, project types, and ownership structures—each with its own financial, regulatory, and operational considerations. LBMC works with companies across the full spectrum of the industry, bringing experience that supports both day-to-day operations and long-term growth strategies.
- General contractors and specialty subcontractors
- Commercial and residential real estate developers
- Property management companies
- Real estate investment and asset management firms
- Architecture, engineering, and design firms
- Family-owned real estate entities and partnerships
- REITs and real estate fund managers
- Mixed-use and multifamily developers
- Infrastructure and civil construction firms
Find the Right Solutions for Your Business
Whether you’re managing cost pressures, improving operational performance, or planning for growth, LBMC can help you move forward with clarity.
ProForm: Simplifying AIA Billing
In the dynamic world of construction, where every project involves intricate financial transactions, managing billing processes efficiently is crucial. Enter ProForm, a powerful solution developed by LBMC Technology Solutions, designed to revolutionize AIA (American Institute of Architects) billing within the Construction industry.
Seamlessly integrated with Sage Intacct’s ERP accounting platform, ProForm simplifies complex billing procedures, enhances accuracy, and optimizes cash flow.
FAQs about Real Estate & Construction Accounting and Business Consulting Services
What does a real estate CPA help with that a general CPA cannot?
A real estate CPA provides specialized guidance on entity structuring, partnership allocations, and tax strategies unique to real estate investments. This includes navigating 1031 exchanges, cost segregation studies, and Opportunity Zone investments to help maximize tax efficiency and long-term returns. Learn more about tax strategies for real estate investments.
How does a construction CPA firm support contractors with financial reporting?
A construction CPA helps contractors manage complex financial reporting requirements, including ASC 606 revenue recognition, percentage-of-completion accounting, and work-in-progress (WIP) reporting. These insights are critical for maintaining accurate financials, meeting lender and surety bonding requirements, and supporting project profitability. Read more about construction revenue recognition.
What is a cost segregation study, and how does it benefit real estate investors?
A cost segregation study identifies components of a property that can be depreciated more quickly, accelerating tax deductions and improving cash flow. By reclassifying assets into shorter depreciation categories, real estate investors can reduce taxable income and reinvest savings into new projects. Learn more about accelerated depreciation and cost segregation.
What R&D tax credits are available for construction and engineering companies?
Construction and engineering companies may qualify for R&D tax credits when they design, develop, or improve processes, materials, or systems. Activities such as prototyping, engineering design, and process improvements often meet eligibility requirements. Explore how R&D tax credits can benefit your business.
How does ASC 842 affect real estate companies with large lease portfolios?
ASC 842 requires companies to recognize most leases on the balance sheet, increasing visibility into lease obligations and impacting financial metrics. For real estate organizations with large lease portfolios, this can affect reporting, compliance, and lender relationships. Advisory support and lease accounting tools can help manage these requirements effectively. Learn more about lease accounting services.
Local Expertise, Wherever You Are
With offices in Chattanooga, Memphis, Louisville, Nashville, Knoxville, Charlotte, and Philadelphia plus remote offices, LBMC partners with businesses across the region and beyond.
Let’s Talk About Your Real Estate and Construction Business
Whether you’re managing cost pressures, improving operational performance, or planning for growth, LBMC’s team is ready to help. We’ll start with a conversation focused on your business goals, current challenges, and where you need support.