KRP brings years of experience to provide a valuable resource to our clients in the construction industry. We have spent years learning best practices, actual construction processes and related financial requirements. Effective construction accounting is vital when multiple projects come into play. Contract accounting requires unique revenue generation rules. It is important when selecting the right accounting firm to make sure the firm has comprehensive knowledge of all the unique elements of the construction business.
New accounting standards and significant regulatory changes have fundamentally altered the ways in which financial institutions do business. An increase in state and federal oversight and the associated costs have also changed the environment in which financial institutions operate.
KRP understands these complex regulations and their business implications, and helps financial institutions make the appropriate decisions in operating their business. In an era of change marked by increased competition and regulatory pressure, KRP principles provide insight on financial reporting and disclosure requirements, regulatory filings, debt and loan restructurings, and derivatives.
Accounting for agriculture, farming and rural business requires special in-depth knowledge of the industry, from the current commodities markets, livestock markets, rules and regulations, land values and more. KRP professionals have worked with farmers and agri-business for years to develop best financial practices to help our clients succeed through the good times and bad. We help clients leverage their assets and farming practices to maximize financial yields and help protect the land for generations to come.
Manufacturing accounting works with more complex issues than typical business entities regarding inventory valuation and cost of goods sold. Accounting dealing with inventory ownership adds other layers of regulations and controls to assure your business is complying with all tax liabilities. KRP principles have worked with a variety of manufacturing facilities over the years to provide special expertise in developing effective strategies, processes and programs.
KRP particularly enjoys working with small business clients because we can provide a comprehensive consulting and strategic planning program for all aspects of your business. In effect, we can become an adjunct CEO or CFO to assist you in growing your company beyond just the basics of accounting and taxation recommendations. We pride ourselves on the personal attention you will receive from any of our principles as you work to grow your dream into a successful reality.
Governments and not-for-profit organizations are the center of public scrutiny as governments must demonstrate their responsibility for the use of public funds and not-for-profit organizations strive to meet their charitable mission. Today’s environment makes it more difficult than ever to manage resources while providing cost-effective services that meet the needs of the public. KRP provides resources to corroborate compliance with the ever changing regulations and provide the public and donors with confidence in the government and organizations financial reporting.
KRP professionals have particular expertise in the development and administration of all types of retirement and benefit plans for business owners and their employees. We provide innovative solutions, efficient operation, as well as professional advice on issues of compliance and reporting requirements to both the IRS and Department of Labor.
We work with your investment advisor, your attorney and your accounting department to help you develop the best strategy for your business and your future goals. We work with each client to establish a unique plan to fit your individual goals. We can provide a variety of options to create a strong investment structure for future retirement or to create a competitive and flexible benefit plan to assist you in recruiting and retaining key employees.