Shaqildi CPA Group
Accountants and Advisors
From independent flooring retailers to multi-crew installation contractors, the financial complexity in this space is consistently underestimated. Job costing gaps, installer misclassification risk, material cost volatility, and sales tax errors that quietly drain cash month after month — these are problems that don’t show up on a basic P&L, and they don’t get solved by a generalist CPA.
At Shaqildi CPA Group, flooring is a core part of what we do. We work with both flooring retailers and installation contractors, bringing the industry-specific financial expertise to help you understand your true margins, protect your cash, and keep more of what you earn.
Flooring businesses run on specialized platforms that most accountants have never heard of. We work directly with RFMS, QFloors, and CompuFloor — the industry's leading management and estimating systems — as well as businesses running QuickBooks with third-party integrations. We know how to extract meaningful financial intelligence from these platforms, not just reconcile them to a bank statement.
Revenue is easy to track. Job-level profitability is where most flooring businesses have blind spots. Material waste, installer overtime, rework costs, and subcontractor overruns need to be allocated at the job level — otherwise you’re making pricing and growth decisions based on numbers that don’t reflect reality.
Many flooring companies start on cash basis accounting and never revisit the decision. As jobs span multiple periods and revenue grows, the wrong accounting method distorts job profitability, creates tax timing mismatches, and makes financial reporting less useful for decision-making.
Hardwood, LVP, tile, and carpet costs have been highly volatile. Proper inventory valuation, remnant tracking, and obsolescence write-offs keep your books accurate and your tax position clean — and give you real data to protect margins when material costs spike.
Using installers as 1099 independent contractors when the relationship functionally resembles employment is one of the most common — and costly — compliance risks in the flooring industry. IRS and state labor department scrutiny on worker classification is increasing, and the penalties for getting it wrong are significant.
Commercial flooring contracts frequently require compiled or reviewed financial statements for bonding purposes. We produce these quickly and accurately — so you never lose a contract opportunity because your financials weren’t ready.
One of the most consistently mishandled areas in flooring — and the cost of getting it wrong runs in both directions.
In Illinois and most states, the taxability of a flooring installation depends heavily on how the contract is structured. Lump sum contracts and separated contracts are treated differently — materials and labor carry different tax treatment depending on the contract type, the customer, and the jurisdiction. Many flooring businesses are either over-collecting sales tax from customers or under-remitting use tax to the state — often without realizing either is happening.
We have identified situations where flooring clients were paying thousands of dollars extra every month in sales tax they were not required to collect. That recovery went straight to the bottom line — and it came from understanding exactly where sales tax ends and use tax begins in a flooring context.
If your current accountant hasn’t specifically reviewed your contract structure and sales tax methodology, there’s a meaningful chance you’re leaving money on the table.
The flooring industry has seen steady consolidation. Valuations in this space require understanding goodwill in a relationship-driven business, installer workforce value, showroom inventory versus pure installation revenue, and customer concentration risk. We support flooring business owners through valuations, buy-side and sell-side advisory, and deal structure analysis — bringing the same transaction-level rigor that larger companies expect from their advisors.
Flooring businesses deserve an accounting partner who already understands their software, their contracts, their tax exposure, and their industry economics — not one learning on the job at your expense.
Shaqildi CPA Group brings specialized flooring industry expertise to retailers and contractors across the country, with a track record of finding what others miss and delivering financial clarity that drives better decisions.