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Monday – Friday: 8 AM – 5 PM

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INDUSTRY SPECIALTIES

Construction

We empower construction companies and business owners to thrive through our uniquely tailored service approach. 

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Our Expertise

Our vision is to be the undisputed answer to the question, “Who is the best CPA firm that serves construction contractors in the state of Indiana?”

With accessibility to a team of experts you can trust, rest assured that our services will provide peace of mind and credibility in the marketplace. We want you to focus on what matters most…running your business. 

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Services We Offer

We offer a full suite of financial services tailored to the needs of construction companies here in Indiana and beyond.

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Tax Planning & Compliance

Construction companies face complex tax regulations. We help with tax planning, prepare federal, state, and local returns, ensure compliance, and identify tax-saving opportunities to minimize liabilities.

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Audit, Review, & Compilation Services

We offer thorough audit, review, and compilation services, providing clarity and confidence in your financial statements. Our audits ensure compliance with industry regulations, while also enhancing transparency and integrity in your financial practices.

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Financial Analysis & Consulting

Our financial analysis and consulting services provide insights to help you make informed decisions, optimizing resources for profitability and long-term growth. We also offer advisory services to improve risk mitigation, business processes, and technology implementation.

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Financial Statement Preparation

We prepare accurate, comprehensive financial statements that not only comply with regulatory standards but also offer a clear understanding of your construction company’s financial performance.
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Cash Flow Analysis

Gain control over your cash flow with our detailed analysis, helping you forecast and manage cash flow effectively to support your business operations.

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Strategic Planning

We collaborate with you to create a strategic plan that aligns with your long-term goals, ensuring sustainable growth and profitability.

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Succession Planning

Our succession planning services help secure your legacy with a smooth transition, backed by accurate business valuations and strategic planning for future ownership, ensuring continued success for your construction business.

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Specialty & Niche Services

Job Costing & Project Accounting
We help set up and maintain job costing systems to monitor individual construction project expenses, manage budgets, and ensure projects are profitable.
Cost Segregation Studies
We identify and reclassify assets to accelerate depreciation deductions, which can result in significant tax savings—particularly beneficial for construction companies with substantial capital investments in real estate.
Bonding & Surety Support
Construction companies often need to secure bonds for projects. We assist in preparing the necessary financial statements and documentation to enhance bonding capacity and meet the requirements of surety companies.

Who you'll be working with

Our team is structured to be your strategic support system across all aspects of construction accounting.

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Neal R. Stegemiller

CPA, CGMA – Partner, Director of Tax Services

Trinity Ellis

CPA – Partner

Rex E. Miller

CPA, CGMA – Partner

Ensuring your company is in command of your cash flow

It’s time you have a partner to help you stay compliant and scale with confidence.

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We know how painful bad service can be.

When you’re in growth mode, you can’t afford to be neglected by your current CPA firm. We pay attention to you and go the extra mile to ensure you’re covered and compliant.

We’re more than CPAs; we’re your growth coach.

While some bookkeepers and firms see themselves as number crunchers, we consider ourselves your team of CPA growth coaches ready to talk through everything from taxes to exits to succession planning and more.

We are committed to your success.

You can confidently grow, scale, and (eventually) exit with our expertise.

Know Your Numbers

The construction industry in Indiana is experiencing significant growth driven by both market demand and economic conditions. Our specialized team is ready to help you scale to the next level.

Our clients operate in the commercial, residential, and civil construction and highway space. We can serve you too. 

  • Save money.
  • Stay compliant.
  • Avoid unnecessary risk.
  • Build successful succession plans.

Here’s what sets us apart: just because we know every accounting rule in the book doesn’t mean we’ll bore you with them. You have a business to build, so we get right to work, providing you with the actionable insights your leadership team needs to move forward with confidence.

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TESTIMONIALS
"As an early-stage company, it’s important that I spend my time on the areas where I contribute the most value to growing my business. Donovan made it easy to stay focused on the business while advising me on practical tax strategy. I count on the Donovan team as an important partner to identify opportunities and avoid the “gotchas” of starting a new venture.”
James MartinVenue Intelligence
"Hope Healthcare Services has worked with Donovan CPAs for many years—in tax filings and the production of financial statements. Their expertise and work quality is great, but the relationship goes beyond that of vendor-client. Donovan has been a trusted partner with Hope Healthcare through these years, often going the extra mile on our behalf. I can happily recommend them.”
John MollaunHope Healthcare Services
"Donovan has consistently provided us outstanding audit, tax and consulting services. They are a highly valued, trusted partner in supporting the growth of our business. Their expertise is diverse. They possess a highly experienced and competent staff that is always responsive to our needs."
Todd SchnitziusCo-Founder/Managing Partner, Phocatox Technologies
"Wolfe Diversified switched from a large regional CPA firm to Donovan in 2014 for consulting and our company audit and tax work. We lowered our cost and received very high quality work and great service. We have been very happy with our decision to move to Donovan and believe it has benefited our business."
Chad WolfePresident, Wolfe Diversified
"As the Hendricks County 4-H Fairgrounds and Conference Center has grown into a diverse business with more than 250 events throughout the year, we have relied on Donovan Certified Public Accountants expertise for the past 10 years. Donovan truly understands our business and we feel great knowing their financial experts are an extension of our staff."
Steve PattersonExecutive Director, Hendricks County 4-H & Agricultural Fair Association
"Donovan understands the challenges that small businesses face every day. For close to 30 years, their financial guidance has made a huge impact on our short and long-term success at Spear Corporation. Donovan continues to help us achieve our goals to grow our company and maximize our profits. They have been a true partner in everything we have accomplished at Spear Corporation."
Brian SpearPresident, Spear Corporation

FAQs that give the 4-1-1 for construction companies

What are the tax considerations for construction businesses?

Construction businesses deal with unique tax rules, from managing job costs to handling long-term contracts. Choosing the right accounting method and maximizing deductions can make a big difference. We help construction companies stay compliant and lower their tax burden.

We make tax planning simple. From structuring your business for tax efficiency to making sure you take advantage of every available deduction, we help you keep more of your hard-earned revenue.

If you’re working on government projects, strict financial reporting and compliance are required. A CPA ensures you’re meeting those requirements, so you stay eligible for future contracts.

Cash flow issues, fluctuating material costs, and job costing are just a few challenges. We help construction businesses manage these issues with smarter financial strategies.

A CPA can help you predict cash flow needs, manage payables and receivables, and keep your projects financially on track—so you don’t run into surprises.

We're ready to help. Contact us today!