August 16, 2021
McCarthy & Company, PC, is pleased to announce that Construction Executive, the leading publication for the business of construction, has included the firm on its list of Top 50 Construction Accounting Firms™
for the third consecutive year.
“We are honored to be included on this revered list of construction accountants,” says Martin C. McCarthy, CPA, CCIFP, and the firm’s managing partner. “The foundation of our practice is built on working with construction contractors. Clients benefit from our extensive knowledge of the tax elections and credits that are unique to the construction industry. We develop a Tax Blueprint for clients to ensure that they take advantage of every legitimate opportunity to save money on their taxes. McCarthy & Company is focused on helping contractors strengthen their financial positions, grow their businesses, and become more profitable.”
The data collected to determine the Top 50 Construction Accounting Firms™ included: 1) 2020 revenues from construction practice; 2) number of CPAs in construction practice; 3) percentage of firm’s total revenues from construction practice; 4) number of construction clients in 2020; 5) number of office locations with a construction accounting practice; 6) number of employees with CCIFP certification; and 7) year construction accounting practice was established. The ranking was determined by an algorithm that weighted these factors in descending order of importance. McCarthy & Company ranked the fourth highest in the percentage of firm’s total revenues from its construction practice at 71%.
The firm is active in several construction trade associations including the Construction Financial Management Association (CFMA), National Association of Surety Bond Producers (NASBP), Associated Builders and Contractors (ABC), Architectural Glass & Metal Association (AGMA), Construction Association of Eastern Pennsylvania (CAEP), Utility Transportation Contractors Association (UTCA) and General Building Contractors Association (GBCA). Marty McCarthy serves on CPA Advisory Board for NASBP, the board for the National Association of Women in Construction (NAWIC) Philadelphia Foundation, and the Council and Construction Industry Conference Committee for the Pennsylvania Institute of Certified Public Accountants (PICPA). Three of McCarthy & Company’s construction leaders hold the well-respected Certified Construction Industry Financial Professional (CCIFP) designation from the Institute of Certified Construction Industry Financial Professionals (ICCIFP). David Gibbs, CPA, CCIFP, CRE, MBA and partner-in-charge of the firm’s Real Estate Services Group was recently admitted as a Counselor of Real Estate. Less than 1,000 professionals hold this prestigious designation worldwide.
Construction Executive is published by Associated Builders and Contractors (ABC) Services Corp. Since in 2003, the magazine has served as the leading source for news, market developments, and business issues impacting the construction industry.