This group is for anyone interested in discussing issues involving construction accounting. Please feel free to post, ask a question, or make a suggestion.
Website: http://www.cpa-connecticut.com
Location: Hartford, Connecticut
Members: 8
Latest Activity: Mar 28, 2011
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.
Started by William Brighenti Jan 16, 2011. 0 Replies 0 Likes
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
Started by William Brighenti Jan 8, 2011. 0 Replies 0 Likes
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
Started by William Brighenti Jan 8, 2011. 0 Replies 0 Likes
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
Started by William Brighenti Oct 11, 2009. 0 Replies 0 Likes
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
Comment
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.
Alphabetical Order:
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