Capabilities

We have a long line of subcontractors to fill in as needed.

Smart Partnerships = Strong Capacity + Resources

We are also very creative in our approach to capacity building. We have started an unprecedented strategic alliance with  iconic CPA firms.  One such partnership is with Deloitte.  This partnership is bringing us stronger capabilities and transit experience. Currently we are performing joint audits with Deloitte for Messer Construction in 2011 and 2012. We believe that  a partnership like this is a win-win situation for both firms. We also formed partnerships with other small firms as needed.

Click to see our capability statement

Industries

Choosing an accounting firm to handle your accounting services is one of the most important choices you can make. We at Richardson & Associates accounting firm specializes in industry specific accounting rules for our clients. We are aware of accounting procedures, regulations, policies and procedures that are specific to our clients.

We continuously research and keep current on regulations, issues, and accounting changes, and trends specific to our clients industry. We keep your books accurate and legal. We deliver financial information with monthly updates on cost saving ideas, IRS tax credits in the works, and alerts on expenses that appear out of the standard norm.

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Construction

In this current environment of economic downturns, new trends are emerging in the world of construction for architectural and engineering firms.   

·         Decreased development projects

·         Increased regulations

·         Decrease profit when bidding competitively

·         Change in bidding using audited overhead rates rather than estimates or multipliers

New trends also show that firms are seeking to develop government projects.  However, government projects require a completely new set of rules and accounting requirements.  Let us help navigate you through these new requirements like audited overhead rate in accordance with the Federal Acquisition Regulation (“FAR”), allowable cost, and proper financial recording. 

Do you need overhead rates statements developed in accordance with the provisions of FAR Part 31?  We can help.

Are you now ready for the new needs of government, due to the, aging infrastructure, storms, fires, and other disasters?  Let us help you prepare for the federal, state, and local requirements so when it’s time you are ready.

Richardson & Associates understands the accounting nuances of the constructions industry. We are very adept at working with the percentage-of-completion method requiring the accountant to measure and make judgments concerning the reasonableness of estimates provided by the subcontractors. Our background in construction goes back over twenty years.

• We perform consulting services and developed a unique Integrated Project Delivery (IPD) model for a team of construction companies to help determine the best method for calculating the overhead and profit rates.

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Energy and Innovation

Richardson & Associates is the business consultant for some international pertroleium and oil companies.  Yes this is true! 

• As the independent accountant, Richardson & Associates team is currently performing several agreed-upon procedures that will help Marathon meet its innovative alternative energy solutions in the future.

• Richardson & Associates is helping clients address industry challenges by providing innovative consulting solutions to further its strategic objectives.

• Write energy related grants.

          Great News: The United States Department of The Treasury just awarded over $1.3 million to our client a large petroleum company for the completion of the Solar Panel Project. We are proud to be a part of this Federally recognized Specified Energy Property. Our due professional care and compentency was a major component of this success.  Congratulations to our 1603 project team! 

Universities

Universities face an overwhelming number of regulations, we can help.

Richardson & Associates and University of Cincinnati(UC) co-staffed for UC's internal audit function. Our well-trained staff teamed up with UC internal auditors to test various audit sections.  

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Auto

Richardson & Associates delivers great value to companies in auto industry. We understand that small to medium size auto companies are currently facing both challenges and opportunities in the following areas:

• Budgeting
• Inventory Management
• Operational solutions
• Financial Reporting etc

We helped our clients-- Motor City and Auto Gym create high-quality customer experience, enhance operational effectiveness, and set strategic business goals using budgeting tools. We provide so much more beyond just accounting services.

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Health Care 

In today's competitive market, all healthcare providers strive to reduce the cost and improve efficiencies to provide better patient outcome. Richardson & Associates fully understand the challenges facing health care providers as well as potential strategies to help ensure their success in the future. Our team has great experience auditing local hospitals. We have all the expertise and skills needed for health care claims audit, compliance audit, and operational audit etc.