Ferira, Ainsworth & Company, LLC

Ferira, Ainsworth & Company, LLC is an accountant in Charleston, SC. The firm limits its practice to serving construction contractors throughout SC, offering accounting, tax, and business advisory services tailored to the contracting industry. Services include assistance with construction-specific accounting software evaluation, selection, and implementation; break-even and overhead analysis along with applied overhead percentage development; organizational chart, job description, and internal process re-engineering and documentation; design of incentive pay systems for project superintendents; controller-in-a-box functions for non-attest clients; and help obtaining lines of working capital and long-term financing. The firm also maintains a large network of qualified referrals across attorneys, insurance, financial, and bank representatives.

Managing Member Joseph W. Ferira, Jr., CPA, CCIFP, brings over thirty-five years of experience in the accounting and taxation of construction contractors, and the combined experience of the firm approaches one hundred years in these specialized matters. The firm tracks developments in IRS Code Sections 451 and 460, which govern contract income for construction contractors and can involve as many as seven allowable methods of determining contract income. It keeps copies of the IRS Audit Technique Guide for the construction industry and is experienced in representing contractors before the IRS, with its stated mission being to help clients pay the lowest tax permitted under law. Pre-year-end reviews of results of operations are used to help reduce income tax burden.

The main office is located in North Charleston, SC, at Post Office Box 41697, zip code 29423, reachable by phone at (843) 722-7676 and fax at (843) 722-7677.

Because no review data or standing details were provided, only what is stated above can be reported.

Services:

• Construction Accounting
• Performance Bond Assistance
• Tax Preparation