Some nuances in the Home Building Industry that require special accounting and tax treatment include accounting for eWork In Progress, Deferred Soft Costs, Deferred Hard Costs, properly accounting for Client Deposits and Progress Payments, knowing when to treat houses as Inventory Assets, and Payments to Sub-Contractors. Here at Michels & Hanley, we are intimately familiar with these elements and are equipped to help you.
Contact us today to find out how we can help you and your Home Building Company.
Michael Hanley, CPA
Brian Michels, CPA