Construction Audit, Accounting and Tax

Chicago Construction Accounting, Audit, Tax and Consulting Services

W&D was built upon the solid foundation of our real estate & construction audit, accounting, tax, and consulting knowledge. Combined, they represent W&D’s oldest and largest practice groups.

In the construction industry, competition is fierce, business is cyclical, receivables are often high, and cash flow tight. Since our formation in 1949, Warady & Davis LLP’s Chicago construction accounting, audit, tax, and consulting team has helped contractors, real estate developers, builders, and subcontractors in Chicago and across the U.S. face industry challenges and achieve goals and objectives.

We have extensive experience working with a wide range of construction companies, including general and commercial construction contractors, engineering and architecture firms, heavy and highway contractors, developers, subcontractors and suppliers, and homebuilders.

W&D's Chicago construction team helps clients meet complex regulatory, financial statement, and bonding requirements while focusing on improving business performance and profitability.

Related Industry Organizations

Warady & Davis' Chicago Construction team is active in many related industry organizations, including: American Subcontractor Association (ASA), Building Industry Association of Greater Chicago (BIAGC), Chicago Building Congress (CBC), Construction Financial Management Association (CFMA) and the Illinois Road and Transportation Builders Association (IRTBA).

Warady & Davis serves all segments of the construction industry

• Build-to-suit
• Shopping centers
• Mixed-use
• Commercial
• Industrial
• Retail
• Healthcare
• Heavy & highway
• Residential
• General contractors
• Subcontractors

Our team of Chicago construction industry experts provides the following:

• Audited, reviewed or compiled financial statements
• Multi-state tax consulting and return preparation
• Company and ownership tax planning and compliance
• Year-end company and ownership federal, state and local tax planning and compliance
• Sales and use tax
• International taxation
• Special industry tax regulations and credits
• Assistance with bonding and surety issues
• Cash flow projections
• Internal controls analysis and reporting
• Job costing systems and job profitability planning
• Business succession and estate planning
• Employee benefit plan audits
• Cost segregation studies and related services
• IRS examination assistance & representation

Consulting services include:

• Surety credit & bank financing assistance
• Valuation services
• Business acquisitions and sale
• Forensic accounting/Fraud investigations
• Litigation support/expert witness testimony
• Accounting position placements for all levels from staff to senior management/CFO

Trusted Construction Accounting, Audit & Tax Support for Long-Term Success

As one of Chicago’s most experienced accounting firms serving the construction industry, Warady & Davis LLP delivers the specialized insight contractors need to strengthen financial performance, reduce risk, and stay compliant in a rapidly changing market. Our dedicated team provides comprehensive construction accounting services, construction audit services and tax planning and compliance designed to support long-term stability, profitability, and help you confidently navigate regulatory and bonding requirements. Whether you’re a contractor, developer, builder, or subcontractor, W&D is committed to being your trusted advisor at every stage of the project and every phase of your business. To connect, call us at 847.267.9600 or fill out the form and we'll contact you.