Architectural Services Industry | CPA | Florida

ARCHITECTURAL SERVICES

About 175,000 architectural services firms operate in the U.S. with combined annual revenue of about $38 billion. Just over 14,000 of these operate in Florida, with about 4,800 in South Florida. AECOM Technology Corp., located in Coral Gables, topped the 2010 South Florida Business Journal's list, with Ft. Lauderdale's EDSA coming in second.

How is your firm coping with slowdown in construction? Spending in non-residential construction in the U.S. fell 6.3% in the first five months of 2011, and residential fell 6.5%. The American Institute of Architects reported that the month-to-month decline in billings from June to July was the steepest since February 2010.

Kaufman, Rossin's professionals have been helping clients cope with shifts in the economy for nearly five decades. Tax strategies, strategic cost reduction and merger/acquisition assistance can help you craft a proactive response to difficult conditions.

Are you comfortable with the status of your accounts receivable? Usually the largest asset for an architectural firm, management of accounts receivable can be challenging, even in easy economic conditions. Issues with estimating can lead to time/cost overruns and a build-up of unbilled receivables.

Kaufman Rossin's Business Advisory Services group uses a Rapid Profit Realization methodology to addresses the Order-to-Cash process.