Atlanta Office: 404-252-2208
Athens Office: 706-353-8600
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Smith Adcock and Company, LLP has experience and expertise in a variety of industries, especially construction, and works with many companies in a consulting and advisory role.
The construction industry has a specialized set of accounting rules and tax regulations. Our team has the experience and knowledge necessary to ensure that your current financial statements meet the needs of your bankers, bonding agents, investors, and underwriters.
Our firm is a member of The Surety Association of Georgia, Associated Builders and Contractors (ABC), Construction Financial Management Association (CFMA), and the National Association of Women in Construction (NAWIC).
Alan Clark, one of our partners, has written many guides for ABC such as Construction Industry Accounting and Financial Reporting, Federal Income Tax Answers for the Construction Financial Professional and The Construction Company Financial Statements Review Guide. Alan has 40+ years of experience related to major general contractors, and specialty contractors in commercial, heavy, and highway construction. He is also a frequent speaker and writer on many construction industry issues.
Our many years of experience related to the nuances specific to the construction industry’s financial statements and tax return compliance set our accounting professionals apart from the competition and allow us to best serve the construction industry as a whole.
Tax planning analyzes all elements to ensure clients optimize their tax strategy and minimize how much they pay in taxes.
With our many years of experience, our firm will sit down with you to discuss your needs and desires and create an action plan that works best for you.
Our firm highly recommends tax planning to anyone facing challenges in managing their personal and business wealth in a complex regulatory environment.
Financial planning allows us to advise our clients on a range of financial services and decisions, including budgeting, saving for big purchases, retirement planning, investing, growing a business, and trust and estate planning. Our firm has extensive experience, and we also work with some of the largest investment companies around today. We tailor each plan to our clients’ specific needs and goals.
Financial Analysis, Forecasts & Projections
Financial projection and analysis is an internal process that helps a company explain their most recent earnings and growth (or lack thereof). The financial data can then be extrapolated upon to anticipate (forecast) more accurately what is to come and what actions need to be taken to reach the desired outcome. These services can help our clients understand where they have been, where they are now, and where they want to be in the future. Our team has extensive experience in this area and can offer a plan to help our clients reach their short- and long-term goals in the most effective ways possible.
Each new business can choose their structure. They can choose between LLC, Partnership, Corporation, or S-Corporation. Navigating these choices can be extremely difficult and it does matter when it comes to protection from liability as well as tax considerations. Choice of entity is one of the most important steps when starting a business. Businesses can also change their type of entity if they discover the way they are currently structured is not working for them. These are important complicated steps and having the guidance of our firm will help the client navigate these choices with ease. Choosing the right entity from day one will help ensure all owners are protected in terms of liability and in the best tax position possible. Our staff is well versed in the organization and incorporation process, we will ensure every step is taken, all forms have been correctly and timely filed, and all necessary accounts have been established at the state and federal levels.
Each business has a unique situation and life cycle when it comes to Mergers, Acquisitions, and Exit Planning. At Smith Adcock we offer services to help our clients navigate these difficult waters. Our team will help devise a plan to assist with the Merger, Acquisition, or Sale of a business. These situations come with unique tax challenges and our staff can help structure the event to minimize the tax consequences as well as maximize any opportunities while keeping the client’s goals in mind.