Case Study: National Construction Company improves construction accounting and tax practices with Marcum LLP

Construction Expertise is More than the WIP

National Construction Company, a national general contractor and design-build firm serving the water and wastewater, higher education, municipal, and sports & entertainment markets, faced complex accounting and tax challenges related to construction-specific issues. These included accounting for significant joint ventures, implementing ASC 606 revenue recognition, and selecting the most advantageous tax methodologies. The company engaged Marcum LLP for its construction industry expertise and specialized assurance and tax services.

Marcum LLP assembled a team from its national Construction Services Group to work directly with the company’s leadership on practical solutions. The firm helped guide joint venture accounting and future JV best practices, supported ASC 606 implementation, and advised on tax strategy selection for construction contractors. As a result, National Construction Company said Marcum LLP delivered significant improvements to its accounting and tax practices, though the case study does not provide specific numerical metrics.