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Construction Accounting


Construction Accounting

This group is for anyone interested in discussing issues involving construction accounting. Please feel free to post, ask a question, or make a suggestion.

Location: Hartford, Connecticut
Members: 8
Latest Activity: Mar 28, 2011

Hartford Construction Accountants CPA invites all interested to participate in this group. Welcome.

William Brighenti is a Certified Public Accountant, Certified Business Valuation Analyst, and Certified QuickBooks ProAdvisor, operating an accounting firm--Accountants CPA Hartford, Connecticut, LLC--and its construction division--Hartford Construction Accountants--in Berlin, Connecticut.  Bill possesses over twenty years of construction accounting experience, having worked as a controller at several construction companies.  Moreover, he was raised in a construction family and inherited a construction company from his dad, who was a light commercial and industrial contractor.  Subsequently, Bill directed a residential and development contracting firm in Connecticut.


As an auditor and tax accountant at various public accounting firms, Bill gravitated toward contractor clients, working on their audits, reviews, and compilations as well as preparing their tax returns.  In addition, he assisted a number of contractors with job costing and the implementation of a computerized, integrated project management system.


Anyone interested in discussing accounting and tax issues related to construction accounting is invited to participate. Thank you for visiting the forum.

Discussion Forum

Alternative Minimum Tax (AMT) on Long-Term Contracts: Contractors Beware of the AMT's Impact on Tax Planning

Started by William Brighenti Jan 16, 2011. 0 Replies

Don't fail to consider the Alternative Minimum Tax (AMT) on long-term contractors.  For more information about its implications, application, and computation, please see my article,…Continue

Tags: construction-contracts, long-term-contracts, amt, alternative-minimum-tax-amt-long-term-contracts

The Complexity of the Percentage-of-Completion Method in Construction Accounting

Started by William Brighenti Jan 8, 2011. 0 Replies

GAAP regarding the accounting of long-term construction contracts can be found in three publications:ARB No. 45SOP 81-1AICPA Audit and Accounting Guide, Construction ContractorsHave you read these…Continue

Tags: completed-contract-method, SOP-81-1, ARB-No.-45, percentage-of-completion-method

Are Contractors Using the Most Appropriate Tax Accounting Methods?

Started by William Brighenti Jan 8, 2011. 0 Replies

Many contractors are unaware of the recent changes in the tax law involving contractors, allowing many now to elect the cash method of accounting for taxes.  Moreover, many contractors are unaware…Continue

Tags: construction-accounting, contractor-tax-methods, construction-tax-accounting-methods

Hire A Construction Controller without Paying $20,000+ in Recruiter's Fees

Started by William Brighenti Oct 11, 2009. 0 Replies

Please visit the webpage offering tips on how to hire a construction controller without paying the customary 20% to 35% recruiting fee:…Continue

Tags: certified, public, hire, hartford, controller

The Barefoot Accountant on Taxes, QuickBooks, and Accounting

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Comment Wall


You need to be a member of Construction Accounting to add comments!

Comment by Ramon Aguilar on March 28, 2011 at 7:40pm

Hi Mr William,

You have a great group for contruction accounting. Last year I took cost accounting on my bachelor program and it was a little bit confused because to all those little areas that we must type into the accounting computer software like Construction-in-process or Work-in-process.

Comment by William Brighenti on October 11, 2009 at 11:08pm
Work-in-Process, Construction-in-Process, Work-in-Progress, WIP Schedules

I just posted a webpage explaining and illustrating how to prepare a Work-in-Process (WIP) Schedule, also known as a Work-in-Progress or Construction-in-Process Schedule, for manufacturers and contractors utilizing a job costing system of accounting. All those interested are invited to view the webpage: Work-in-Process (WIP) Schedules.

Please forward any comments, suggestions, or questions may be sent through my contact webpage: Accountants CPA Hartford: William Brighenti, Certified Public Accou....

If you wish to submit articles of interest to be published on our website, please contact me and visit our website: Accountants CPA Hartford.

Thank you.

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