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For Electrical Contractors

Electrical Contractor Accounting wired for growth.

Tax strategy, job costing, and cash-flow management for electrical contractors, built around commercial bids, certified payroll, and the deductions your trade earns.

Schedule Your Consultationor call (618) 656-6010
Electrician working on a panel

Books closed by the 10th
Every month. In writing.
3,000+ clients served
Best Accountants, SBM Finalist
AICPA Member Firm
QuickBooks Certified ProAdvisor
Serving clients nationwide
What we solve

What keeps electrical contractors up at night

The financial complexity that most generalist accountants miss.

1
Commercial cash-flow gaps
Progress billing and retainage mean you front labor and material costs for months. Most contractors are financing their clients without realizing it.
2
Prevailing wage complexity
Certified payroll, fringe tracking, and compliance filings for government jobs require specialized knowledge most bookkeepers do not have.
3
No per-job profitability
You bid with confidence but never know which jobs actually paid off. Job costing is the only way to know where your margins really come from.
4
Missed trade deductions
Tools, conduit, specialty equipment, licensing, and continuing education left unclaimed. The right CPA captures every deduction your trade earns.
What we do

One firm for the whole financial back office.

Four services, one team, one monthly rhythm, all built around how your business actually runs.

Accounting
Job-cost financials you can trust.
Job costing by project and phase
WIP schedules and over/under billing visibility
Bonding-grade financials

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Bookkeeping
Clean, reconciled books every month.
Retainage tracked separately from AR
Up-to-date books by the 10th
Audit- and bonding-ready records

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Managed Payroll
Crews paid right, on time.
Certified and prevailing-wage payroll
Multi-state crew handling
Subcontractor and 1099 reporting

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Tax
Planning all year, not just April.
Method selection for long jobs
Section 179 and 100% bonus depreciation timing
QBI and entity strategy

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The difference

We do things differently than most accountants.

Most firms are built around volume. File the return, move on, repeat. Here’s what you get with us instead.

What you’re used to
A generalist who misses prevailing wage and certified payroll
No per-job profitability, revenue looks fine until it does not
Retainage sitting on the balance sheet with no plan
Fleet and tool deductions left on the table
Worker misclassification creating payroll-tax exposure
With Thompson Flaherty
A CPA built for trades: job costing, prevailing wage, certified payroll
Per-job P&L so you know which projects actually pay
Retainage tracked and planned so cash flow stays manageable
Section 179 and 100% bonus depreciation timed to your purchases
Correct W-2 vs. 1099 classification for every worker on every job
Getting started

How working together begins

The first call is completely free, with zero pressure and zero obligation. Just a straight, honest read on your business.

01
Free intro call
Tell us about the practice and your goals. No pressure and no commitment, just a real conversation.
Step 1
02
We review your numbers
We dig into your books, payroll, and prior returns, then show you exactly where we can help.
Step 2
03
We take the wheel
We transition your accounts, clean things up, and put reliable systems in place. Fast.
Step 3
04
Year-round partnership
Proactive planning, fast answers, and ongoing advisory. We’re in your corner all year.
Ongoing
The team

Who you’ll work with

You’ll work directly with the same CPA every time, someone who actually knows your numbers, your goals, and your industry.

Tyler Hawkins

Tyler Hawkins, CPA
Senior Certified Public Accountant
Kelly Flaherty

Kelly Flaherty, CPA
Senior Certified Public Accountant
Jim Klostermann

Jim Klostermann
Senior Tax Accountant

Common questions about electrical contractor accounting

Straight answers about working with us. Anything else? Bring it to the call.

Yes. Job costing is one of the core things we do for trade contractors. We track revenue, labor, materials, and overhead per project so you see profitability at the job level, not just the company level. That is how you know which customers, project types, and job sizes actually make money.
Let’s talk
Ready to work with a CPA who actually gets back to you?
Whether it’s your books, payroll, or a real tax plan, let’s talk. The first call is free, with zero pressure.
Schedule Your Consultation

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