Construction
& Real Estate
Industry knowledge and close collaboration are instrumental in providing our construction and real estate clients with the insight and awareness to make the best business decisions and seize growth opportunities.
Minnesota Construction & Real Estate Accounting Experts.
Success in the construction industry requires the ability to
Construction and real estate industry accounting and taxes can be complex. It is essential to work with a CPA firm who has relevant industry experience and education.
Smith Schafer is a recognized leader in providing accounting, auditing and consulting services to the industry. Our Construction & Real Estate Group, comprised of numerous professionals, is committed to serving over 800 Minnesota construction and real estate entities. From large construction companies to specialty contractors, we have the experience to bring you innovative solutions.

We understand the industry and what keeps you up at night
Worker safety & health
Project Shutdowns or Delays
Material Shortages
Tariff & Trade Concerns
Cash Flow
Labor Shortages
specialized construction & real Estate industry SERVICES
Accounting Services
Proactive Tax Planning
Audit & Review of Financial Statements
Multistate Tax Consulting
Financial Reporting
Risk Assessments & Internal Controls Review
Bookkeeping & Payroll
QuickBooks ProAdvisor Services
Mergers & Acquisitions
Buying & Selling Agreements
Budgeting & Cash Flow Analysis
Estate & Succession Planning
Projections & Financial Analysis
401(k) & 403 (b) Plan Audits
Retirement Plan Consulting
Business Valuation
Insurance Coverage Analysis
Wealth Management
Entity Structuring
Technology Consulting
Tax laws change constantly and business owners do not always have the time to keep up with all the new regulations. Contact us today to learn tax saving strategies that best fit your situation.
Our Client Survey Results
- Net Promoter Score 83.9%
Average NPS score in the accounting industry – 38%
- Understanding of Client Needs 92%
- Delivers High-quality, Error-free Work 94%
industry Involvement
Smith Schafer professionals have serviced and made a strong
Why Construction & Real Estate Clients Choose Us
Construction & Real Estate Industry resources
Revenue Recognition: 5 Items Affecting the Construction Industry
The main goal of ASC 606 was to create a similar revenue recognition policy and calculation across all industries. The construction industry, which has historically had its own guidance and industry practices, is no exception.
Construction Company Accounting Procedures – What You Need to Know
Good accounting systems and practices are important tools for managing any construction business
Understanding Sales Tax for Construction Industry Businesses
Success in the construction industry requires the ability to cost effectively create a building envelope, structure or support system and virtually every financial decision regarding your construction company, has a tax consequence.
STAY IN-TUNE WITH CURRENT BUSINESS, INDUSTRY, ACCOUNTING AND TAX NEWS.
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Our client satisfaction is exceptional, as demonstrated by our 96.4% satisfaction rate.