Contractors, Engineers and Architects Accounting Services

Brown EdwardsIndustriesContractors, Engineers and Architects Accounting Services

Contractors, Engineers and Architects

Real world experience is the vital factor that distinguishes experts from mere practitioners in serving these specialized closely-related industry segments. From start-up advice for new ventures to succession planning for mature companies, we have a deep bench of advisors. We know that contractors, engineers and architects represent a unique commercial group, one that we’ve dedicated ourselves to understanding and supporting. Our practice with this client group is founded upon a deep level of appreciation: we develop close relationships with our clients’ principals and strive to put ourselves in their place so as to provide the best possible advice and service.

We take it as a given that we’ll help clients account for their projects and overhead so as to maximize cash flows and minimize tax. It’s the extra value that we seek.

Besides “typical” services, we provide comprehensive short and long term planning and coordination for our clients. Our knowledge and involvement in your specialty area distinguishes our work from all the others. Our team includes a growing number of CPAs who have achieved the CCIFP designation (Certified Construction Industry Financial Professional). We host annual conferences targeted at your industry segments and many of our associates speak at related national events.

Regardless of your company’s size or maturity, Brown Edwards’ focused knowledge of best practices in this industry group can help guide you through your financial and operational challenges. We invite you to read below and learn more about our practice offerings to contractors, engineers and architects.

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Accounting and Consulting Services for Your Business

  • Sophisticated tax assistance with R&D credits, 179D deductions, DPAD and other uncommon issues
  • Federal Acquisition Regulation (FAR) audits and related consulting
  • Assistance with component depreciation for internally-constructed facilities
  • Project costing, including guidance with equipment and indirect allocation systems
  • Support with financing proposals and alternative capital needs
  • Annual tax planning to maximize savings for the business and its owner group as a whole
  • Bonding and prequalification capacity enhancement
  • Litigation claims support, including Eichleay Formula assistance for delay claims
  • Complex sales tax assistance and related agency audit support
  • Contractor licensing, prequalification and DBE submittals
  • Employee benefit planning and administration
  • Payroll processing and related quarterly and year-end statutory reporting assistance
  • Valuations for all purposes: M&A proposals, loss damages, buy-sells, insurance needs, ESOPs, etc.
  • Succession and estate planning on a coordinated basis
  • Wealth management
  • Merger and acquisition consulting, including due diligence assistance
  • Benchmarking and industry comparison analysis
  • IT consulting, including industry-specific software selection and conversion assistance
  • Cybersecurity evaluation and forensics

Specialized Consulting Programs

  • Bidding and pricing strategies
  • Incentive based compensation
  • Performance and operational reviews
  • Cash flow and budgeting for contractors
  • Federal Acquisition Regulation compliance and overhead rate enhancement

Brown Edwards Leads the Way in CCIFP ProfessionalsOur Certified Construction Industry Financial Professionals (CCIFPs) can help you navigate the complex revenue recognition rules and job cost accounting methods of the construction industry.

Construction has complex revenue recognition rules and job cost accounting methods. Many firms have construction clients, but they have not dedicated the resources necessary to make construction a major practice area. The firms with CCIFP public accounting certification for the construction industry have demonstrated commitment to the industry and proficiency in all areas of construction financial management.  With nine CCIFP certified professionals, Brown Edwards is among the top ten firms in the country regarding CCIFPs on staff.

The Certified Construction Industry Financial Professional (CCIFP®) designation is the only accounting certification for construction financial professionals accredited by the American National Standards Institute (ANSI) under ISO 17024:2012.

Public accounting professionals with the CCIFP certification must have a minimum 4,000 hours professional experience in construction in addition to showing expertise in eight knowledge domains, and only three of the knowledge domains are accounting-related:

  • Accounting and reporting
  • Income recognition methods
  • Risk management
  • Budgeting and planning
  • Legal
  • Human resources
  • Taxes
  • Information technology

So when you hire a public accountant as a partner for your business, insist on a firm with CCIFP public accounting certification for the construction industry.

Discover what a difference Brown Edwards can make for your companyContact One of Our CCIFP Professionals

Practice Leader

  • Billy R. Robinson, CPA, CCIFP
    Billy R. Robinson, CPA, CCIFP
    Director
Billy R. Robinson, CPA, CCIFP
Director
(423) 246-6104   
brobinson@becpas.com
217 E. New Street • Kingsport, TN  37660

Billy is a Director based in the Kingsport office of Brown Edwards and focuses his area of practice on construction and real estate related companies, family owned businesses, and governmental agencies.

Billy is one of eight CCIFP’s in the firm’s construction practice.  Public accounting professionals with the CCIFP designation must have a minimum 4,000 hours professional experience in construction in addition to showing expertise in eight knowledge domains, and of which only two of the knowledge domains are accounting related.  Brown Edwards is ranked in the Top 10 in the Country in terms of the number of CCIFP’s on staff and has more CCIFP’s than any other firm in the Mid-Atlantic region.  Details here:  http://www.iccifp.org/public-accounting

Billy has twice been named a “Super CPA” by Virginia Business magazine and has been named one of the “Top 10 Business People – Under 40” by the Shenandoah Valley Business Journal.

Billy graduated from the University of Virginia’s College at Wise with a Bachelor of Science in Accounting and a Minor in Criminal Justice.

He is a member of the American Institute of Certified Public Accountants, the Virginia Society of Certified Public Accountants, the Construction Financial Management Association, the Virginia Transportation Construction Alliance, the Shenandoah Valley Builder’s Association, and the Associated General Contractors of Virginia.

Billy volunteers his time with the following organizations:

  • Harrisonburg Rotary Club, where he is President-Elect for 2016-2017 serves on the Strawberry Festival Committee and the Board of Directors. He previously served on the Scholarship Committee.
  • The Community Foundation of Harrisonburg and Rockingham County, where he serves on the Board of Directors, Audit Committee and IMPACT Harrisonburg Committee.
  • Harrisonburg Downtown Renaissance, where he previously served as Treasurer, a member of the Executive Committee and the Board of Directors. He now serves as a member of the HDR Advisory Board.
  • RMH Foundation, where he serves on the Board of Directors and the Planned Giving Committee

Team Members

  • Matthew S. Burchett, CPA, MBA, CCIFP, CVA
    Matthew S. Burchett, CPA, MBA, CCIFP, CVA
    Partner
  • Timothy A. George, CPA, CCIFP, MST
    Timothy A. George, CPA, CCIFP, MST
    Partner
  • C. Scott Clarke, CPA, CCIFP, CMA, CCA
    C. Scott Clarke, CPA, CCIFP, CMA, CCA
    Partner
  • Russell Hicks, CPA, CCIFP
    Russell Hicks, CPA, CCIFP
    Director
  • Virginia M. McMahan, CPA, CVA, CCIFP
    Virginia M. McMahan, CPA, CVA, CCIFP
    Director
Matthew S. Burchett, CPA, MBA, CCIFP, CVA
Partner
Matthew S. Burchett
(304) 343-4188   
mburchett@becpas.com
300 Chase Building, 707 Virginia Street East  • Charleston, WV 25301

As an audit partner in the Charleston office of Brown Edwards, Matt supervises the preparation of for-profit client financial statements and provides consulting in the area of information systems and general business matters as well as business valuation services and fraud investigation as they relate to the construction industry.  In addition to his accounting expertise, Matt has experience as a cost analyst and as an industrial engineer and has worked with civil engineering firms in design and drafting.

Matt holds a Regents Bachelor of Arts with a post-graduate certificate in accounting from West Virginia State College, earned his Master of Business Administration degree from West Virginia Graduate College (Marshall University), and is also a Certified Valuation Analyst and a Diplomate of the American Board of Forensic Accounting.  Matt is a member of the American Institute of CPAs, the American College of Forensic Examiners, the National Association of Certified Valuation Analysts, the Center of Economic and Industry Research, the West Virginia Society of CPAs, and is an associate member of the Contractors Association of West Virginia.

Timothy A. George, CPA, CCIFP, MST
Partner
Tim George
(304) 343-4188   
tgeorge@becpas.com
300 Chase Building, 707 Virginia Street East • Charleston, WV 25301

Tim George is a partner in the Charleston office of Brown Edwards. He has extensive experience dealing with the financial and business issues of privately held companies and employee benefit plans. He has worked closely with various sizes of businesses particularly in the construction and engineering and design industries.

Tim is a CPA and a Certified Construction Industry Financial Professional (CCIFP).  He received his B.S. degree in Accounting at West Virginia Institute of Technology and later attended the University of Akron where he received his M.S. in taxation.

Tim began his career in public accounting in 1994 with Humpal, Jones & Co., a local accounting firm out of Medina, OH while attending the University of Akron. Upon graduation from the University of Akron in 1996, he accepted a position with Chambers, Paterno & Associates, A.C. and has continued his career in public accounting with the firm up through its merger with Brown, Edwards & Company, LLP.

Tim is a member of the American Institute of Certified Public Accountants, West Virginia Society of Certified Public Accountants. Tim is also an active member of the Contractors Association of WV (AGC) and the Associated Builders & Contractors – WV Chapter (ABC) and performs various speaking engagements at these association’s venues and others located in South Eastern U.S. He has also been a member of the Board of Directors for the West Virginia Music Hall of Fame and the Contractors Association of WV.

C. Scott Clarke, CPA, CCIFP, CMA, CCA
Partner
Scott Clarke
(540) 345-0936   
sclarke@becpas.com
319 McClanahan St SW • Roanoke, VA, 24014-7705

Scott is a partner in the Roanoke office of Brown Edwards.  He has extensive experience in providing audit, review and compilation services to a wide variety of clientele as well as reviewing and preparing federal and state income tax returns for corporations, partnerships, individuals, not-for-profits and employee benefit plans.  His clientele include contractors, retailers, manufacturers, wholesalers, professionals, developers, water companies and not-for profit organizations.

Scott received his B.S. degree in Accounting from Virginia Tech in 1985.  He is past president of the Roanoke Area Chapter of the Virginia Society of Certified Public Accountants and a past vice-president of the Southwest Virginia Chapter, Institute of Management Accountants.  Scott is active in charitable organizations throughout the Roanoke Valley.  He recently served as treasurer for Rebuilding Together, Roanoke; EventZone and Roanoke Festival in the Park.

Russell Hicks, CPA, CCIFP
Director
(434) 948-9000   
rhicks@becpas.com
2102 Langhorne Road, Ste 200 • Lynchburg, VA, 24501-1121

Russell Hicks is a director in the Lynchburg office of Brown Edwards.  He has twenty-six years of experience in public accounting.  Russell works in a variety of areas, particularly in the areas of corporate and individual tax, estate and gift subjects, not-for-profit organizations and construction tax and accounting.

Russell graduated from the College of William and Mary in 1982 with a Bachelors of Business Administration.  He is a member of the American Institute of Certified Public Accountants and the Virginia Society of Certified Public Accountants.

Russell has been active in many community activities in Lynchburg, Bedford, and Altavista.  He is active in both community and personal projects relating to historical preservation and rehabilitation tax credits, and he frequently lectures on topics relating to Virginia historical antiques and artifacts.  He was a founding member of the Historic Sandusky Foundation, Inc. He currently serves as the treasurer of Lynchburg’s Old City Cemetery and as a member of boards of directors of the Campbell County Public Library and the Campbell County Public Library Foundation, Inc.

Virginia M. McMahan, CPA, CVA, CCIFP
Director
Virginia M. McMahan
(276) 466-5248   
vmcmahan@becpas.com
513 State St • Bristol, VA, 24201

Virginia is an audit and tax director based in the Bristol State Street office. She provides audit, assurance, and tax services to a variety of for profit and non-profit entities, along with tax services for individuals. Virginia focuses much of her time on construction client engagements and employee benefit plan audits. She also provides business valuation services for the purpose of acquisition, gift tax, and estate tax.

Virginia graduated from Emory & Henry College in 2004 with a Bachelor of Science degree in Business Management with an Accounting emphasis. She earned the professional designation of Certified Valuation Analyst in 2009 from the National Association of Certified Valuators and Analysts. She is a member of the Virginia Society of Certified Public Accountants, the American Institute of Certified Public Accountants, and the National Association of Certified Valuators and Analysts.

Craig Daniels, CPA, CCIFP
Charleston, WV

Josh Graves, CPA, CCIFP
Charleston, WV

David Sheaffer, CPA, CCIFP
Lynchburg, VA

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