Build More Than Projects. Build Stronger Margins with a Specialized Construction CPA Firm.
Harding, Shymanski & Company helps contractors and developers across Indiana, Kentucky, and the United States increase profitability, strengthen bond capacity, and reduce tax risk through proactive construction accounting, tax planning, and advisory services.
From WIP reporting and job costing to multi-state compliance and succession strategy, we deliver financial clarity that supports long-term growth.
We Believe in a Strong Foundation: Construction Accounting Services
You deserve a partner who understands your unique challenges and requirements. At Harding, Shymanski & Company, we specialize in construction accounting services, including accounting, assurance, consulting, wealth management, succession planning, and tax services for contractors across all areas of the construction industry. These include contractor business reviews, bonding and surety issues, benchmarking information, cash flow management, state licensing reviews, and navigating the tax code.
To keep abreast in all areas on your behalf, our dedicated construction industry experts serve on numerous boards and are involved in many different industry-related organizations. We work hard to assist in day-to-day operations and help you work through your specific challenges, accelerate your cash flow, and improve your bottom line.
Who We Serve | Construction Accounting Services for Contractors & Developers
We work with contractors, developers, and real estate professionals in Evansville, Jasper, Owensboro, Louisville, and surrounding areas across the Midwest. Whether you’re managing local projects or multi-state operations, our team is equipped to help you succeed.
How We Work With Contractors: WIP Accounting, Bonding, and Financial Advisory
Your construction business doesn’t stop moving, and neither do we. From jobsite to back office, we work closely with your management team to understand your operations, challenges, and goals. Whether you’re navigating WIP schedules, labor cost management, or long-term contract revenue recognition, our team is hands-on and industry-savvy.
We support your success through:
- Proactive, Year-Round Engagement: Construction isn’t seasonal, and your accounting shouldn’t be either. We stay in step with your project pipeline, alerting you to financial, regulatory, or tax changes that could impact your business. Our goal: fewer surprises and more margin clarity.
- Industry-Dedicated Team: Your HSC team is led by professionals who know construction. From change order headaches to bonding capacity concerns, we’ve been in the trenches with contractors like you. We bring specialized experience in GAAP for construction, revenue recognition (ASC 606), and real-world job costing strategies.
- Strategic Collaboration: We don’t just crunch numbers – we help you interpret them. During our onboarding and throughout the year, we bring our team together to identify opportunities for profit improvement, risk reduction, and business growth. We align our recommendations with your timelines and cash flow realities.
- Built-In Compliance: You’ll never wonder when your financials or filings are due. We monitor key dates and help keep you in compliance with local, state, and federal requirements.
Nonprofit Construction Organizations
Our professionals have extensive experience with nonprofit organizations and unions. These professionals attend training at local, regional, and national levels in order to stay up to date on current regulations and developments, so you can focus on your organization’s success.
You are committed to serving the needs of your members. Likewise, our dedicated industry experts serve on numerous boards and are involved in many different construction industry-related organizations. From national conferences to local seminars, our team stays abreast of relevant issues and trends so we can be a true advisor and partner for you.
Your Toolbox
Construction Industry Newsletters
Catch up on the latest industry observations and insights through our Construction eNewsletter. Subscribe here.
Economic Newsletter for the Construction Industry (CICPAC)
Construction Industry Resources
Tax Planning Opportunities for the Construction Industry
Find more resources in our Resource Gallery.
Construction Industry Memberships & Professional Affiliations
As members of these construction industry organizations, we value the opportunities they provide for news, education and collaboration.
- Associated Builders and Contractors, Inc. – advancing and defending the principles of the merit shop in the construction industry.
- Associated General Contractors of America – serving the nation’s construction professionals by promoting the skill, integrity, and responsibility of those who build America.
- Construction Financial Management Association – dedicated to bringing together construction financial professionals and those partners serving their unique needs.
- Construction Industry CPAs/Consultants Association – a national association of accounting firms with vast knowledge, respectable histories, and high-quality financial and consulting service teams who serve over 9,000 construction companies.
- Indiana Builders Association – exists to maintain and develop workable and affordable regulations and laws that enable the citizens of Indiana to own a home.
- Indiana Constructors, Inc. – offering the best in programs, services, and information to help member companies achieve a competitive advantage.
- Kentucky Association of Highway Contractors – provides services to members in the highway construction industry.
- National Association of Home Builders – helps promote the policies that make housing a national priority within the United States.
- National Association of Surety Bond Producers – association of and resource for surety bond producers and allied professionals.
- Southwestern Indiana Builders Association – represents every facet of the building industry – working together to continually strengthen the local building industry.
Let’s Build Your Business Together
Whether you need better WIP visibility, tax savings strategies, or financial reporting for bonding, our construction CPAs are here to help. Let’s have a conversation today and start maximizing your profitability.
Your Construction Industry Advisors
Construction Accounting Services FAQs
Most construction companies use either the percentage-of-completion method or the completed-contract method, depending on project length and revenue recognition goals. We help contractors select the most advantageous method and ensure proper application under ASC 606 standards.
WIP schedules give you a real-time view of job profitability by comparing actual costs to estimated progress. They help manage cash flow, avoid underbillings or overbillings, and improve bonding capacity. We help you build, review, and analyze WIP reports that keep your business on track.
Yes. Our team works with contractors who operate across state lines and are subject to varying sales tax, use tax, and income tax rules. We help you stay compliant while minimizing tax exposure, no matter where your projects take you.
Absolutely. We offer advisory services for succession, ownership transition, and exit planning, including strategies tailored to construction businesses—whether you’re selling to a family member, key employees, or a third-party buyer.
Bonding agents and sureties want to see strong working capital, net worth, and accurate WIP reporting. We prepare financials that meet the format and reliability standards of bonding underwriters, improving your chances of securing bigger projects.
