Construction & Trades

Accounting, Tax Planning & Advisory Services for Construction & Trade Businesses

Madsen and Company provides specialized tax planning, bookkeeping, payroll, and accounting services for construction companies and trade professionals in South Jordan accounting firm. With 30+ years of CPA experience, we help contractors stay compliant, reduce taxes, and maintain clear, accurate financial records—so they can focus on getting the job done.

We understand the unique financial challenges construction and trade businesses face, from job-costing to material tracking to cash-flow timing. Our proactive approach ensures that you always know your numbers, your tax outlook, and your next steps.

 

 

 

 

 

Our South Jordan, Utah construction & trade Services are design for:

• • General contractors

  • Subcontractors

  • Electricians

  • Plumbers

  • HVAC specialists

  • Roofers

  • Landscapers

  • Drywall installers

  • Painters

  • Flooring contractors

  • Handyman services

  • Property maintenance providers

  • Small construction firms and multi-trade companies

  If your business builds, installs, repairs, or maintains—you fit this category.

Why Contractors Need a Specialized CPA

Construction businesses face accounting challenges that other industries don’t:

✔ Material and labor tracking

Expenses must be categorized properly to reflect true margins.

✔ Vehicle & equipment deductions

Contractors rely on vehicles, tools, depreciation, and Section 179.

✔ S-Corp payroll & reasonable compensation

Critical for reducing taxes and staying IRS compliant.

✔ Subcontractor vs. employee rules

Misclassification causes major tax penalties.

✔ High audit risk without proper documentation

Construction is often scrutinized by tax agencies.

We’ve helped construction professionals navigate these issues for nearly three decades. 

Services We Provide to Construction & Trade Businesses

Proactive Tax Advisory

Construction tax planning is not once-per-year—it’s year-round.

Our advisory service includes:

• Quarterly tax planning meetings

• S-corp wage & distribution analysis

• Project-based tax forecasting

• Home office & vehicle deduction strategy

• Equipment depreciation planning

• Material & subcontractor deduction review

• AI-enhanced tax strategy analysis

Tax Preparation

Accurate, complete preparation for all construction business types:

• S-Corp tax returns (1120S)

• Partnership returns (1065)

• Sole proprietor returns (Schedule C)

• Multi-owner construction companies

• Multi-state or mobile contracting operations

• Depreciation & equipment schedules

• K-1s and payroll tax reconciliation

Payroll Services

We manage contractor payroll with accuracy and compliance:

• Bi-weekly payroll processing

• Subcontractor 1099 management

• S-Corp officer payroll

• Payroll tax filings (941, 940)

• Year-end W-2s and 1099s 

Construction-Focused Tax Strategies We Implement

• S-corp optimization to reduce self-employment taxes

• Vehicle & equipment deduction planning (Section 179, bonus depreciation)

• Home office + storage deduction

• Depreciation & amortization planning

• Travel & job site deduction strategy

• Subcontractor vs. employee classification compliance

• Retirement plan strategies (SEP, Solo 401(k), Defined Benefit)

• Business structure optimization (LLC → S-corp)

Everything is tailored to your construction or trade business.

Why Construction Businesses Choose Madsen & Company

• 30+ years of CPA experience

• Specialized in contractors and trades

• Proactive tax planning every quarter

• AI-powered financial tools

• Clear, plain-English guidance

• Virtual meeting for convenience

• Trusted South Jordan CPA since 1995

We understand the work you do—and the numbers behind it.

FAQ for Contractors & Trades

Do contractors need an S-Corporation?

Many contractors benefit from an S-corp because it reduces self-employment taxes, but it depends on income, structure, and goals. We evaluate this for you.

Can contractors deduct vehicles, tools, and equipment?

Yes. Contractors typically qualify for vehicle deductions, tools, equipment, and Section 179 depreciation.

Do subcontractors need 1099s?

Yes. All subcontractors paid $600 or more must receive a 1099-NEC unless they are a corporation.

Do you work with small or solo contractors?

Yes. We support both solo tradespeople and multi-employee construction firms.

---

Get Proactive Support for Your Construction Business

If you’re a contractor or trade professional looking for proactive financial guidance—not just annual tax filing—we’re here to help.

Request a Consultation

Call 801-260-1004 or request a consultation
Let’s build a stronger, more profitable future for your construction business.