Larson Gross makes lives better and businesses stronger
October 13, 2022
For almost 30 years, Larson Gross has been helping BIAW builder members across the state make their businesses better. As a public accounting and consulting firm based out of Bellingham with offices in Lynden, Burlington, Wenatchee and Yakima, they stay connected to the industry’s needs by maintaining membership and involvement in three local associations:
- Building Industry Association of Whatcom County (BIAWC)
- Skagit/Island Counties Builders Association (SICBA)
- Central Washington Home Builders Association (CWHBA)
Supporting the building industry
While Larson Gross provides services for businesses in an array of industries, their construction team truly understands and is invested in the unique concerns of the industry—regulatory issues, finding and keeping great workers, job profitability, job bidding and cash management. The most common services they provide to businesses in the building industry are:
- Client accounting services
- Job costing and profitability analysis
- Compiled and reviewed financial statements
- Budget and cash flow planning
They also work alongside crucial players in the industry, like lenders and bonders, while proactively educating themselves on the latest standards and trends.
Larson Gross shares their knowledge
Larson Gross is a leader in educating general contractors and subcontractors about programs and opportunities to receive tax credits such as the Employee Retention Tax Credit (ERTC)—a federal tax credit created to assist businesses through the COVID-19 pandemic.
The Employee Retention Tax Credit
Though the credit is no longer active in 2022, a two-year “look back” is in effect. Now is the time to see whether businesses qualify for this credit. Business owners may be eligible to receive a credit of up to $5,000 per employee in 2020 and $7,000 per qualifying quarter per employee in the first three quarters of 2021 if they meet specific requirements.
“We’ve helped our clients receive millions of dollars in Employee Retention Tax Credits and have advised many others that have completed the credit with their own in-house staff or through their current CPA firms,” said Jaemi Allen, marketing manager for Larson Gross. “This approach aligns with our purpose to make lives better and businesses stronger.”