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Construction

Construction is a highly labor-intensive and capital-intensive business - posing unique cash-flow, tax, and management issues. In this climate, forward-thinking strategies are crucial to overcoming challenges and operating a successful contracting business.  At Dermody Burke and Brown (DB&B), our experience in the construction industry ensures our clients receive knowledgeable, responsive service and resourceful tactics. Since we understand the operational nuances of the construction industry, including the trends, challenges and opportunities facing our clients, we can help you make the right decisions which will ultimately translate into improved profitability.

DB&B's Construction Services Group is a team of dedicated, expert personnel—including certified Construction Industry Technicians (CITs)—who work together to deliver focused financial and consulting services to our construction clients. Our Construction Services Group acts as a "think tank" to develop new, innovative ways to help our clients overcome challenges that are unique to construction, but can also provide all the fundamental services necessary for smooth day-to-day business operations. DB&B's comprehensive approach to serving the construction industry includes each of our service niches. 

In the event that an unusual or particularly challenging issue arises, DB&B's affiliation with the Allinial Global allows our team to tap into a wealth of construction experience of other top tax and accounting practices. Allinial is an association of legally independent accounting and consulting Firms that seamlessly share training resources, best practices, information and expertise. Our firm is also a member of the Construction Financial Management Association (CFMA).

We Help Our Clients Answer Questions:

  • What are my true overhead costs?
  • Is our bidding process competitive?
  • What is the value of my company?
  • Am I maximizing profits on my jobs?
  • Are my employees properly trained?
  • Am I properly accounting for my job costs?
  • Have I included all costs in my bid?
  • How can I plan for the future of my company?
  • Do my financial statements show a true picture of my company?
  • Am I minimizing my income tax costs? 

Our Construction Services Include:

  • Cash flow analysis
  • Contract reviews specifically related to accounting and cash flow impact
  • Budgeting for a profit
  • Job costing systems
  • Post-project review analysis
  • Tax planning related to revenue recognition for long-term contracts
  • Internal control systems review
  • Fixed-asset accounting and depreciation calculation
  • Tax credits, alternative minimum tax issues and state and local tax issues
  • Estate and gift tax planning
  • Assisting with financial projections for outside sources
  • Improving construction productivity
  • Valuations of construction companies
  • Ownership transfer and management succession planning
  • Capital budgeting including lease vs. buy decisions 
Testimonial Listing
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Testimonial from Wiltsie Construction Company, Inc.

“Dermody , Burke & Brown provides industry-specific knowledge and big-picture thinking that gives us the edge to remain ahead of the curve. They speak our language and offer a unique outside perspective that has been instrumental to our continued growth in the competitive industry we serve.”

- Peter Wiltsie
President, Wiltsie Construction Co.

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Founded in 1970, Wiltsie Construction Company, Inc. is a multidisciplinary business providing comprehensive steel fabricating, field construction, and mechanical maintenance services to clients across a range of industries, including the power, chemical, petrochemical, refining, pharmaceutical, food and beverage, and metals and minerals industries.

In 1987, Wiltsie launched a steel-fabricating facility to build stand-alone steel products for industrial and institutional markets and to enhance its service to traditional clients with single-source accountability for the design, fabrication, erection and finish coating of custom-steel product for industrial requirements.

Wiltsie has developed specialist knowledge over 48 years through successful delivery and cost effective and efficient solutions to clients. We have distinguished ourselves and earned the respect of customers through outstanding dependability, performance, quality and steadfast commitment to excellence. Wiltsie looked for those similar qualities in a CPA Firm and Dermody Burke & Brown provided that same commitment to excellence, along with specialization in their industry, that has contributed to our growth and continued success.

Eployee Lising

For more information email info@dbbllc.com or call 315-471-9171 to contact:

Lester Burt, CPA
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Lester Burt, CPA

Lester joined Dermody, Burke & Brown as an Auditing & Accounting Senior Manager in November of 2020.   Lester has over eleven years of experience in public accounting.  His areas of practice include commercial, manufacturing, not-for profit, and retirement plans.  

Lester received a Bachelor of Science degree in Accounting from the State University of New York at Oswego. He is a member of the New York State Society of Certified Public Accountants and the American Institute of Certified Public Accountants. Lester currently serves on Americu Credit Union’s supervisory committee and is a past board member of Helping Hounds Dog Rescue. 

David Corey, Jr., CPA
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David Corey, Jr., CPA

David has been in public accounting for over fifteen years, all at Dermody, Burke & Brown.  He plays a prominent role in both the Tax and Auditing & Accounting Departments.  David developed and leads the Firm’s Agribusiness niche and also works with family owned, closely-held businesses in a wide variety of industries including the Manufacturing and Construction industries. With his advanced expertise, David advises clients on tax compliance and planning, business succession/estate planning and business operations. 

David holds a Bachelor’s degree in Accounting from Bob Jones University.  He is a member of the New York State Society of Certified Public Accountants (NYSSCPA), the American Institute of Certified Public Accountants (AICPA) and is a past Board Member of the Unity House of Cayuga County. 

John Tartaglia, CPA, CITP
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John Tartaglia

John Tartaglia, CPA, CITP

John joined Dermody, Burke & Brown in 1988 after eleven years in private industry. John has an extensive amount of combined industry and public accounting experience. His experience includes providing comprehensive audit, accounting and consulting services to a wide variety of clients covering many different industries including construction, manufacturing, specialty contractors, transportation companies and professional service firms. John also specializes in employee benefit plan audits.

John is a Construction Industry Technician and holds a Bachelor of Science Degree in Accounting from St. John Fisher College. John is also a member of the New York State Society of Certified Public Accountants (NYSSCPA) and the American Institute of Certified Public Accountants (AICPA), and is one of the lead contacts for the Firm’s membership in the AICPA’s Employee Benefit Plan Audit Quality Center.

 

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