And just as importantly, what services do we not provide?
If you’re considering working with Level Accounting & Advisory, you likely have questions about exactly what services we provide and how they benefit your construction business. Let’s break down our core service offerings and explain how they work together to help contractors like you save time, reduce taxes, and make better business decisions.
Our Core Services: How They Work Together
Monthly Bookkeeping: The Foundation of Everything
At the heart of our service offering is monthly bookkeeping. Using QuickBooks Online, we carefully categorize all your business transactions – income, expenses, loans, depreciation, assets, and more. But we don’t just record transactions and send you reports. We meet with you monthly via phone or Zoom to review your financials and answer any questions.
This regular bookkeeping serves as the foundation for everything else we do. Without accurate, up-to-date books, it’s impossible to make informed decisions about your business or implement effective tax strategies.
Tax Strategy & Planning: Using Your Numbers to Save Money
This is where the power of accurate monthly bookkeeping really shines. Because we maintain your books throughout the year, we can spot tax-saving opportunities well before tax season arrives.
For example, if we notice your profits are significantly higher than last year, we can proactively recommend strategies to reduce your tax burden, such as:
- Maximizing contributions to self-employment retirement plans
- Implementing family employment strategies
- Adjusting owner compensation structures
- Timing major equipment purchases & more
Without current, accurate financial data, tax planning becomes guesswork. That’s why our monthly bookkeeping and tax strategy services work hand-in-hand to save you money.
Payroll Services: Protecting You from Costly Mistakes
The IRS pursues payroll tax violations more aggressively than almost any other tax issue. The penalties can be enormous and aren’t easily forgiven. That’s why we offer comprehensive payroll services, including:
- Regular payroll processing
- Payroll tax calculations and payments
- Required payroll tax return filings
Having your payroll handled by the same firm that manages your books and taxes ensures everything is coordinated and compliant.
Tax Preparation & Filing
We prepare and file all required tax returns for both your business entity and personal taxes. Because we’ve maintained your books all year and implemented tax strategies along the way, tax season becomes much less stressful – no surprises, no scrambling for documents, just efficient filing based on well-maintained records.
1099 Preparation & Filing
For contractors who work with subcontractors, we handle the preparation and filing of required 1099 forms, ensuring you stay compliant with IRS requirements for contractor payments.
Higher-Level Advisory Services
Beyond the core accounting and tax work, we provide strategic business guidance based on your specific goals. This might include:
- Analyzing profitability trends
- Advising on pricing strategies
- Setting and tracking key performance indicators (KPIs)
- Budget development and monitoring
- Goal-setting and achievement tracking
What We Don’t Do
To maintain our focus on high-value strategic services, there are some day-to-day accounting tasks we don’t handle:
- Customer invoicing
- Bill payment processing
- Detailed job costing
- Other daily bookkeeping tasks
- Fill the Role of CFO
These operational tasks are best handled by your internal team, while we focus on the bigger picture of tax strategy, compliance, and business advisory services. However, we will work hand-in-hand with your internal team members to make sure everything flows as seamlessly as possible.
Some clients come to us with a CFO or want us to act in that position. While we appreciate the vote of confidence – there are some big differences between what we do, and what a CFO does. So, if you already have a CFO – that’s great! They’ll handle the daily nitty gritty, and we handle the big picture financial items that are directly related to compliance and taxes. Typically, CFO’s are not trained tax professionals, so while they are good at crunching the numbers for job costing and assigning marketing budgets – they lack in tax knowledge…and that’s where we come in.
The Level Difference: Integration & Strategy
What sets Level Accounting & Advisory apart is how our services work together. Your monthly bookkeeping informs your tax strategy, which shapes your business decisions, which impacts your tax planning, and so on. This integrated approach means:
- No year-end tax surprises
- Proactive tax-saving opportunities
- Better business decision-making
- Confidence in your financial data
- Time savings through streamlined services
- Peace of mind about tax compliance
Most importantly, you get a strategic partner who understands both construction businesses and the complex tax landscape they face. We’re here to help you build a stronger, more profitable business while keeping more of what you earn.
Looking forward to our conversation!
