In the News | Construction Executive
Baker Tilly recognized as a top construction accounting firm
Aug. 17, 2023 · Authored by Laura Cataldo
Baker Tilly recognized
Construction Executive recently included Baker Tilly on their 2023 Top 50 Construction Accounting Firms™ list. Baker Tilly ranked third in the U.S., jumping up one spot from last year.
Rankings were determined by 2022 revenues, percentage of firm’s total revenues derived from their construction practice, number of architecture, engineering and construction clients served during the year, number of CPAs and number of U.S. states in which firms are licensed to practice.
In Construction Executive’s August 2023 magazine issue, which features this comprehensive list, Director Laura Cataldo provided an executive insight on how a recession might affect the competitive landscape of the construction industry, and what strategies construction firms can employ to maintain their market position. Her quote can be found below.
Projects impacted by tight lending and high interest rates might become feasible through the Inflation Reduction Act Investment or Production Tax Credits (or direct pay for nontaxable entities). Contractors can ‘reverse value engineer’ and propose adding a geothermal system or solar panels that will initially increase the project cost but lower the end cost through Investment Tax Credits of 30%-50% (if prevailing wage and apprenticeship requirements are met).
