From captive insurance and construction to healthcare and insurance to telecommunications and technology, we serve a number of industries with an unwavering focus on what’s happening both now and in the future in regulations, technology and markets.

Construction Contractors

The construction industry has seen its share of challenges in recent years, underscoring the need for a strong strategic partner like BPS with the specialized knowledge and proven track record of guiding our clients in the areas of taxes, accounting, assurance, and business consulting that help position you for success in a dynamic economic climate.

We have the experience to help you establish a strategy to enhance profits, minimize taxes, improve operational efficiency and preserve cash flows. Laying a foundation as trusted business advisors is instrumental in helping contractors achieve and sustain growth and profitability objectives.

BPS provides custom solutions for a broad range of contractors:

  • Commercial General Contractors
  • Homebuilders
  • Bridge and Highway Contractors
  • Grading, Excavating, Sitework and Utilities Contractors
  • Mechanical Subcontractors
  • Other Specialty Subcontractors

Our experienced Construction Group provides clients with the following services:

  • Audit/Assurance
  • FAR Audits
  • Tax Planning/Compliance
  • Bankruptcy
  • Business Consulting
  • Business Formation
  • Litigation Support & Forensic Accounting
  • Mergers & Acquisitions
  • Bankruptcy
  • Outsourced Accounting

AGC Member Badge

Email Kristen Jerome


Captive Insurance

Forming and operating a captive insurance company requires an in-depth understanding of risk financing, risk management, and the captive insurance industry, in general, including the laws and regulations of the selected domicile. BPS holds that expertise. Recently, BPS was nationally recognized as the Top Tax Advisory Firm to the U.S. Captive Insurance Industry by Captive Review.

While captive insurance began primarily with large corporations, a recent shift has occurred where it is now being utilized by middle market entities, and sometimes smaller entities. BPS has a long history of serving the alternative risk market and is a leading service provider in the captive insurance industry. With deep experience in both audit/assurance and tax compliance, BPS has a dedicated team of professionals that work exclusively in our captive insurance industry group. As your trusted advisors, our team possesses the expertise to help you explore how a captive insurance structure may help with your risk financing and/or risk management needs. Our services range from consulting, such as providing feasibility and formation assistance, to more traditional services such as financial statement assurance, income tax return preparation, and excise tax return preparation.

Our firm serves captive insurance companies domiciled throughout the United States. Our clientele includes entities with annual premiums ranging from $100,000 to more than $1 billion and spanning various industries including healthcare, manufacturing, trucking and transportation, construction, and real-estate. We also serve many multinational Fortune 500 companies that manage and finance their risks, both domestic and international, using one or more on-shore captive insurance companies.

Our captive insurance team routinely provides clientele with the following services:

  • Business Feasibility, Structure Analysis, and Formation
  • Independent External Financial Statement Audits (GAAP and Statutory)
  • GAAP and Statutory Accounting Research
  • Internal Control Assessment
  • Tax Research
  • Tax Planning and Compliance (including 831(b) and 953(d) elections)
  • Regulatory Support
  • System and Organization Controls (SOC) 1, 2 and 3 Assurance Services over outsourced captive insurance business functions, including: third party claims administrators and outsourced underwriting processes

Property and Casualty Insurance

Property and casualty insurance is a highly regulated and specialized industry that requires an accounting firm with focus and in-depth understanding of accounting, tax issues and regulations. You need an accounting firm that keeps up with the industry’s accounting, income tax, and regulatory changes and has the expertise to serve you. In order for insurance companies to succeed, they need to be proactive with changes – identifying the issues before they become problems. Insurers who fail to timely identify both market and regulatory changes and act appropriately in response to those changes can quickly find themselves out of the market as customers leave them for insurers who have already capitalized on the changing landscape.

Our extensive experience combined with our in-depth knowledge of property and casualty insurance provides our clients with superior, unmatched service. Our dedicated property and casualty insurance group possesses significant expertise in financial reporting under both generally accepted accounting principles and statutory accounting practices. As your trusted advisor, our team also understands the complex federal and state tax issues and challenges faced by insurance entities. Our team regularly participates in educational training provided by well-respected industry leaders, which allows our team to be on top of current issues and gives us the ability to convey relevant “hot issues” to our clients.

Our team regularly consults with our clients to identify the challenges and opportunities facing them. We help our clients overcome the challenges by providing well-planned solutions, based on in-depth experience and knowledge we have obtained over the years. We also provide them additional opportunities to expand and grow their business, as a result of our expertise in the insurance market and the various paths available for specific needs. We are a firm that believes that one size does not fit all. Every solution requires a personal touch, so our clients can rest easy knowing they are in capable hands.

Our property and casualty insurance group routinely provides clients with the following services:

  • Independent External Financial Statement Audits (GAAP and Statutory)
  • GAAP and Statutory Accounting Research
  • Internal Control Assessment
  • Tax Planning and Compliance
  • Tax Research
  • Regulatory Support
  • System and Organization Controls (SOC) 1, 2, and 3 Assurance Services over outsourced insurance industry processes such as claims administration and underwriting
Email Bryan Hudson

Manufacturing / Distribution/ Retail

To succeed in the manufacturing, distribution, and retail industries, it is essential to keep a critical eye on operations and be willing to adapt and respond to rapidly changing markets. As your trusted advisor, BPS can help you overcome these challenges and become a more nimble, effective and powerful organization.

Our clients include domestic and foreign-owned companies with operations throughout the United States that manufacture various products such as automotive components, chemicals, and road construction equipment. Distribution and Retail clientele include convenience stores, automobile dealerships, medical device suppliers, HVAC and plumbing suppliers, and electrical suppliers, to name a few.

BPS assists clients across all service lines, helping them navigate the complexities of having multi-state and international operations, improving accounting systems, increasing profitability and maintaining compliance with state and local tax codes and regulations.

Our experienced Manufacturing, Retail and Distribution Team provides clients with the following services:

  • Audit/Assurance
  • Tax Planning/Compliance
  • Bankruptcy
  • Business Consulting
  • Business Formation & Valuation
  • Financial Planning
  • Litigation Support & Forensic Accounting
  • Transaction Advisory Services
Email Mike McGovern

Professional Services

Professional service firms provide expertise and services to their own clients, but often don’t have the time or capabilities to effectively address financial and business operations and maximize efficiency and profitability.

As your trusted advisor, BPS understands the pain points of professional service firms. We can advise you on evaluating financial operations, establishing proper tax and financial strategies, implementing controls to improve financial operations and efficiency of the business and recommending IT solutions to gain better control and understanding of company data. While you’re busy addressing the needs of your clients, we help implement the best practices for maximizing profits, minimizing tax burdens and optimizing your results.

Our clients include:

  • Architects
  • Attorneys
  • Business consultants
  • Engineers
  • Independent insurance executives
  • IT Managed services providers
  • Physicians
  • Technology consultants

Our experienced Professional Service Firm Group provides clients with the following services:

  • Auditing/Assurance
  • Tax Planning/Compliance
  • Bankruptcy
  • Business Consulting
  • System and Organization Controls (SOC) 1, 2 and 3 Assurance Services
  • Business Formation
  • Financial Planning
  • Litigation Support & Forensic Accounting
  • Transaction Advisory Services
  • Outsourced Accounting, Payroll and Reporting
  • Hardware/Software Consulting
  • Succession Planning
  • Wealth Management
Email Stacy Stokes

Real Estate & Hospitality

Real Estate

Investing in real estate can be lucrative. However, the cyclical nature of the real estate industry requires a strong hand on the present and a steady eye to the future. Real estate developers, investors, and others benefit from investing in the extensive experience of BPS by developing and implementing strategies for long-term success.

We focus on helping you take advantage of opportunities and minimize potential issues by providing sound insight and guidance whether you are developing, buying or selling properties. As your trusted advisor, our goal is to help corporate and individual clients manage and maintain maximum tax benefits by ensuring timely and proactive services, planning and consulting strategies.

The BPS Real Estate group stays ahead of the rapidly changing real estate landscape through active involvement in leading business, trade and professional organizations. We are frequent presenters at national and regional conferences and workshops.

Our experienced Real Estate Group provides clients with the following services:

  • Audit/Assurance
  • Business Entity Structuring
  • Cash Flow & Profitability Analysis of Properties
  • Cost Segregation Studies
  • Estate, Gift & Trust Planning
  • Projections & Forecasts for Acquisitions and Dispositions
  • Transaction Advisory Services
  • Outsourced Accounting
  • State and Local Tax Planning
  • Tax Credit Planning
  • Tax Planning/Compliance
  • Transaction Structure Planning

The hospitality and leisure industry faces many unique accounting and tax issues along with a rapidly evolving business environment. Among the biggest changes is the increasing volume of web-generated reservations from multiple sources, adding to the complexities of running a successful organization.

BPS understands the hospitality industry and the unique and common challenges facing multi-state management companies and smaller independents. As your trusted advisor, we guide you through issues that could disrupt your business and can help implement financial strategies that support day-to-day profitability as well as tomorrow’s growth. Keeping you up-to-date on changes in laws and emerging issues also helps protect your assets, reputation and the goodwill of your guests.

Our experienced Hospitality Group provides clients with the following services:

  • Audit/Assurance
  • Tax Planning/Compliance
  • Acquisition & Disposition of Hotel Properties
  • Cost Segregation Studies
  • Maximizing Tax Credits
  • Transaction Advisory Serivices
  • Multi-state Tax Structures
  • Sales & Use Taxes
  • State & Local Taxes
  • Tax Controversy Representation
Email Jay Swearingen

Technology & Life Sciences

The technology & life sciences industries are in a state of rapid change – technologies are converging, new technologies are disrupting the status quo and this creates opportunities for the innovators, the rebels, and the troublemakers that push us forward.

We are a market leader serving technology companies throughout the United States. In our Technology & Life Sciences practice some members have obtained the designations of certified information systems auditor (“CISA”) and certified information technology professional (“CITP”).

BPS Technology & Life Sciences practice leaders have co-authored four accounting industry resource guides for Practitioner’s Publishing Company, including Guide to Data Extraction Software, Guide to Non-Traditional Engagements, and Guide to Business Start-ups.

Our technology and life sciences clientele include:

  • Advanced intelligence network service providers
  • Database companies
  • Software as a service (“SaaS”)
  • IT managed service providers
  • Technology manufacturers and consultants
  • Software development companies
  • Systems integrators
  • Life science innovations

The professionals at BPS are ready to help you turn your next great innovation into an operating business. As trusted advisors, we can add value to your company at all stages–from the early development stage to growth and raising capital, from operating a profitable business to executing a successful exit. We are here to advise you on your key performance indicators, analysis of revenue streams, cost allocations, due diligence assistance, and quality of earnings analysis as a part of our transaction advisory services.

Email Ben Glenn


The telecommunication and electric industries are navigating a complex and evolving regulatory environment. They are in a state of rapid change as new technologies threaten to make existing infrastructure obsolete, and further disrupt the market as regulations become more complex.

The accounting, tax, and business advisory skills needed to serve this market are unique and highly specialized. These distinctive financial and regulatory environments require a firm with an in-depth expertise of the industry. At BPS, you have a team of trusted advisors that are dedicated to the issues surrounding telecommunication. We understand the hurdles facing our telecommunications industry clients, as well as the evolving regulatory environment, because our team assists our clients with these and other business issues on a daily basis. Our practice leaders have over 150 years of combined experience serving regulated entities, ensuring that we not only understand the challenges they face, but are also able to provide innovative solutions to proactively address these challenges. BPS can assist with complex accounting and operational issues to allow clients to focus on growing their businesses.

BPS is a market leader serving communications service providers and utility companies throughout the United States. Our team specializes in:

  • Regional and national communications service providers, including:
    • Broadband and Internet
    • CATV
    • Wireless Service Providers
    • Fiber Carriers
    • Local Exchange (ILEC and CLEC)
    • Tower Infrastructure
  • Data Centers and Managed Service Providers
  • Electric Cooperatives

We provide services such as:

  • Auditing Financial Statements
  • Income Tax Planning and Preparation
  • Business Advisory and Consulting
  • System and Organization Controls (SOC) 1, 2 and 3
  • Business Model Development
  • Acquisition Related Due Diligence
  • Accounting Standard Implementation
  • Cost Allocation Models
  • Quality of Earnings
  • Business Process Improvement
  • Assessment of Internal Control Risks
  • Forecasting and Projections

For additional information regarding our involvement in this industry, or to inquire about our services, please contact our regulated industry leader, Lindsay Medlin.

Email Lindsay Medlin