Industries

Real Estate & Construction

Developing high quality solutions built on years of experience.

Accounting FOR MORE.

Building solid financial structures

Years of experience serving the real estate and construction industry allow us to provide a diverse range of services tailored to your needs.

  • Preparation of Compiled, Reviewed, or Audited Financial Statements

  • Tax Return Preparation

  • Tax Planning

  • Partner/Shareholder Planning

  • Job Costing Analysis

  • Percentage-of-Completion Analysis

  • Burden Rate Calculations

  • Cash Flow Projections

Industry Affiliations

Success Stories

The Problem

Meadows Urquhart began working with a new client who was facing significant tax challenges due to their corporate tax structure. The structure had been overly focused on managing the client’s bank covenants while neglecting tax liabilities, resulting in over $600k of losses being trapped in three entities without the ability to deduct them for tax purposes.

The Solution

Meadows Urquhart carefully analyzed the client’s corporate tax structure and business goals, collaborating with their banker to negotiate new covenants and restructure agreements. This allowed the client to utilize $450k of the trapped losses in a single year, significantly improving cash flow. As a result, the client was able to acquire another firm, leading to a 20% increase in company revenue.

The Problem

One of Meadows Urquhart’s clients purchased a business in North Carolina and was at risk of overlooking significant financial liabilities in the transaction. Both the external seller’s accountant and the internal buyer’s accountant had failed to account for certain liabilities in working capital during the closing calculations, potentially costing the client.

The Solution

Meadows Urquhart was asked to review the purchase agreement and the seller’s financial records. Through our due diligence, we identified $65,000 in liabilities that had been missed. This discovery provided an immediate cash benefit to the client, resulting in a substantial savings from the transaction.

The Problem

A client approached Meadows Urquhart with a last-minute request to perform an Enterprise Zone AUP (Agreed-Upon Procedures) engagement for one of their properties, with only a week remaining before the statutory deadline. The tight timeline presented a significant challenge in ensuring the required documentation and procedures were completed on time.

The Solution

Leveraging their expertise, Meadows Urquhart efficiently guided the client through the necessary steps and gathered the required information in a timely manner. Despite the short notice, they were able to deliver the AUP report ahead of schedule, submitting it to the State a day early. As a result, the client successfully secured a tax credit of approximately $100k.

The Problem

Meadows Urquhart started working with a new client who was undertaking a building renovation project. During their initial meeting, the conversation began with a focus on a historical tax credit project, but the client was unaware that their building was located in an area eligible for Virginia’s enterprise zone credits. Without this knowledge, the client would have missed the opportunity for significant savings on the renovation.

The Solution

After learning about the building’s location, Meadows Urquhart explained the benefits of Virginia’s enterprise zone credits, where renovation projects over $100k can receive up to 20 cents on the dollar back from the state. With the client’s project totaling around $1.7 million, they qualified for the maximum credit. Meadows Urquhart connected the client with the program administrator, who confirmed the project’s eligibility. As a result, the client is expected to receive a $60k-$80k tax credit upon completing the renovation.

Real Estate & Construction Accounting Team

Kelli Meadows, <span>CPA, CCIFP</span>

Kelli Meadows, CPA, CCIFP

Partner

Kelli specializes in helping real estate and construction business owners navigate complex financial, accounting, and operational challenges, drawing on over 20 years of experience to build sustainable businesses through strategic consulting and relationship-building.

Learn More
Shannon Cook, <span>CPA</span>

Shannon Cook, CPA

Partner

With over 30 years of experience, Shannon advises real estate and construction businesses on partnership taxation, land development, and real estate investments, offering tailored strategies to help clients overcome obstacles and maximize their potential with a personalized, hands-on approach.

Learn More
David Acree, <span>CPA</span>

David Acree, CPA

Partner

David leads the firm’s assurance practice and specializes in helping construction and real estate clients with audits, cash flow analysis, and risk management, using his deep understanding of business operations to identify potential errors and improve financial performance.

Learn More
Michael (Mike) Edwards, <span>CPA</span>

Michael (Mike) Edwards, CPA

Partner

Mike has over twenty years of experience in providing audit and other assurance type services to a wide array of industries. These industries include financial services, construction, merchandising, manufacturing, real estate, transportation and employee benefit plans to name a few.

Learn More
Robin Neas, <span>CPA</span>

Robin Neas, CPA

Director

Robin has over 25 years of experience providing consulting, tax, and assurance services to the construction, real estate, and homebuilding industries, offering valuable insights into financial software, tax compliance, and personalized solutions to help clients meet their goals.

Learn More
Jonathan Head, <span>CPA</span>

Jonathan Head, CPA

Manager

Jonathan Head is an Assurance Manager at Meadows Urquhart. Jonathan excels in working on audits, reviews, compilations, single audits, and employee benefit plans. Jonathan enjoys developing and providing efficient solutions as well as building relationships with clients and people within the firm.

Learn More
Jordan Maynard, <span>CPA</span>

Jordan Maynard, CPA

Manager

Jordan is a Tax Manager at Meadows Urquhart Acree & Cook. He enjoys the challenge of entity taxation and helping clients organize their accounting systems. Jordan is interested in working with owners of family businesses and closely held companies, such as those in the real estate and construction industries.

Learn More
David Mitchell, <span>CPA</span>

David Mitchell, CPA

Manager

David is a Towson University alum who recent moved from Maryland to Richmond to join the Meadows Urquhart team. David works on corporate, partnership, and individual tax returns for various industries, with specialties in construction contractors and real estate holdings.

Learn More