When Timothy Wingate Jr., EA, answered his grandmother’s call about her non-profit organization, he never thought it would lead to a career in construction finance. That moment of urgency became the catalyst for a career that would redefine financial management for contractors. Today, as President of G+F Business & Financial Consulting LLC, he channels his early financial chaos experience into a mission to help construction companies build a strong financial foundation.
A Turning Point in Financial Literacy
Wingate’s career took an unexpected turn after he left Bank of America. He stepped in to help his grandmother’s company and found it in a financial mess. “When I first stepped in to help run my grandmother’s company, there weren’t even basic accounting records in place,” Wingate recalls. “That experience taught me the fundamental importance of proper financial management – a lesson that would later become the cornerstone of G+F.”
His challenge wasn’t just about numbers; it was about survival. With mounting bills, no records, and an anxious staff, Wingate was overwhelmed. “I remember sitting at my desk, surrounded by stacks of papers, trying to figure out which bills were essential and which could wait,” he shares. “There were moments when I questioned if I could turn things around, but giving up wasn’t an option.”
His resolve was tested even more when one of the organization’s locations had to close. “That was a pivotal moment,” Wingate reflects. “It taught me that even the most challenging setbacks can become stepping stones to something greater. Every mistake and hardship shaped my understanding of what businesses truly need to survive and thrive.”
This real world crash course in financial survival made Wingate aware of a startling statistic: According to the Construction Financial Management Association, 40% of construction companies fail in their first three years due to poor financial management and cash flow issues. Seeing the gap in the market, he decided to fill it.
Bridging the Financial Gap in Construction
Wingate founded G+F Business & Financial Consulting LLC after recognizing the unique difficulties contractors face. His firm focuses solely on construction accounting and provides industry-specific solutions to the construction industry’s financial problems. “Construction companies face complexities that general accountants often miss,” Wingate explains. “From progress billing to job costing, every aspect requires industry-specific knowledge.”
His approach isn’t just theoretical; it’s personal. “I’ve been in their shoes,” Wingate says, referring to his clients. “I’ve experienced the sleepless nights wondering how to make payroll, the stress of managing cash flow, and the overwhelming feeling of not knowing where to start. That’s why we don’t just offer services – we provide solutions based on real-world experience.”
G+F’s services go beyond accounting. The firm also offers strategic tax planning, cash flow management, and full service financial consulting. “We’re not just number crunchers,” Wingate emphasizes. “We’re strategic advisors who help contractors understand their financial position and make informed decisions for sustainable growth.”
Innovation and the Future of Construction Finance
Under Wingate’s guidance, G+F has become a national resource for construction companies. His forward thinking approach includes developing a proprietary financial plan for contractors. “The construction industry is evolving rapidly, and financial management needs to keep pace,” he states. “Our goal is to help contractors not just survive but thrive in this changing landscape.”
Beyond client services, Wingate is committed to education and empowerment. “Every time I see a construction company struggling with the same issues I faced, I feel a responsibility to help,” he shares. “These aren’t just businesses – they’re people’s dreams, their legacies, and their families’ futures. That’s why we’re developing educational resources and training programs to reach more contractors.”
G+F has also embraced technology to offer virtual services, a move that proved to be a game changer during the COVID-19 pandemic. “I wanted to create a model that would allow our team and our clients more flexibility,” Wingate explains. “Being virtual means we can serve our clients more efficiently and maintain work life balance for our staff.”
Looking forward, Wingate envisions expanding the firm’s reach through workshops and online platforms. “Knowledge is power in this industry,” he says. “By sharing our expertise we can help more construction companies build a sustainable financial future.”
For Wingate, success isn’t measured solely on numbers; it’s about impact. “Every construction company we help means jobs preserved, dreams realized, and communities built,” he reflects. “That’s what drives us every day. When our clients succeed their success ripples through the entire community.”
G+F Business & Financial Consulting LLC continues to redefine financial management in the construction industry with Wingate at the helm, leading the charge to excellence. His journey from crisis to industry leadership is a testament to expertise, perseverance, and a commitment to helping others.
“I want to be remembered as someone who didn’t just build a successful business but as someone who helped others build their dreams,” Wingate concludes. “That’s the real measure of success.”
For more information about G+F Business & Financial Consulting LLC, visit http://www.construction.accountant.
About G+F
G+F Business & Financial Consulting LLC, based in West Palm Beach, Florida, is a specialized accounting and financial consulting firm dedicated to serving the construction industry. Led by Timothy Wingate Jr., EA, an Intuit tax council member for 5 years and construction industry specialist, the firm provides comprehensive financial services including tax planning, bookkeeping, cash flow management, and strategic business consulting. With a deep understanding of contractors’ unique challenges, G+F helps construction companies optimize their financial operations, improve profitability, and build sustainable growth. For more information, visit http://www.construction.accountant/.
