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Property and construction​

The property and construction industry makes a significant contribution to Australia’s economy, building a solid foundation for long term success.
Building a strong future

Australia’s property and construction sector includes many successful family-owned and private businesses. These businesses deal with a myriad of complexities every day, from navigating industrial relations frameworks and meeting super obligations to delivering projects on time and ensuring profitability.

Whether you need help remaining up to date on property tax laws, establishing the right legal structures, securing project funding or responding to rapid economic changes, our experienced advisors understand the challenges you face as a business in the property and construction industry. If your organisation is operating nationally or you have ambitions to expand overseas, it’s crucial to seek specialist advice on a range of issues from legal structuring to transfer pricing.

The right advice for your business

We work with a range of family and privately-owned businesses across the property and construction sector, including:

  • Owners and sole traders
  • Builders and developers
  • Investors
  • Valuers

We offer a full suite of accounting services to construction businesses, including:

  • Strategic business advice and planning
  • Managing cash flow
  • Financial reporting
  • Capital gains tax, tax advice, and tax account audits
  • Streamlining business processes
  • Asset protection
  • Bookkeeping
Client story: Latitude 37

It’s not every day that a successful, growing business decides to scale back – but that’s exactly what bespoke home design and construction company Latitude 37 did with support from Melbourne partner Daniel Doherty.

In a constantly evolving industry, property and construction businesses must address ongoing challenges while capitalising on new opportunities to remain competitive and ensure long term success.

Challenges

The property and construction sector faces a range of challenges, often driven by the performance of the economy and regulatory change. Some of the key challenges include changes in lending conditions, updates to stamp duty legislation, meeting the financial and contractual obligations for project completion and understanding the right financing structure for projects.

Opportunities

Key opportunities for businesses in the property and construction sector include access to alternative funding sources, demand for new developments and dwelling types as a result of demographic changes, and the integration of technology into new buildings. Further, globalisation and the increasing ease of doing business across borders is providing valuable opportunities for property and construction businesses to expand into overseas markets.

The building blocks for your success

Pitcher Partners works with a wide range of privately owned, public and government organisations across the property and construction sector.

We believe it’s equally essential to comprehend the distinctive challenges faced by our clients. With our personal yet commercial approach, you will receive the highest level of technical standards and knowledge, matched with an in-depth understanding of your unique challenges.

Within this rapidly changing and diverse industry, your business can benefit from the expertise of a team with a reputation for integrity, business excellence and a long term commitment to delivering the best outcomes across engagements.

By being attentive to our client’s needs and worries, we can offer the assistance and advice they require to navigate these challenges and attain your financial objectives.

Client story: Melrose Contracting

Watch this video to hear how Wayne and Shane from Melrose Contracting have grown their construction business and planned for its succession with the help of Newcastle Partner Jason Bartlett. A testament to a 20-year close working relationship.

Our experts

asdfafsdfa Andrew Beitz

Andrew Beitz

Principal

Adelaide


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asdfafsdfa Nigel Fischer

Nigel Fischer

Chairman of Partners

Brisbane


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asdfafsdfa Andrew Clugston

Andrew Clugston

Partner

Melbourne


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asdfafsdfa Jason Bartlett

Jason Bartlett

Partner

Newcastle and Hunter


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asdfafsdfa Leon Mok

Leon Mok

Managing Director

Perth


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asdfafsdfa Scott McGill

Scott McGill

Partner

Sydney


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FAQs
Do you manage cash flow and project costs?

Yes, we can help manage cash flow and project costs. We can also help implement cash flow forecasting to anticipate and manage incoming and outgoing cash. We can help to monitor project costs and ensure that expenses are properly allocated. Regular analysis of financial statements and ongoing communication with project managers can also help to identify potential cost overruns, scope creep that needs to be addressed through variations or cash flow issues.

Can you manage payroll?

Yes, we can provide payroll services for any kind of workforce. We can tailor your payroll management to your specific needs. We can handle multiple pay rates, manage overtime and leave time, and track expenses for reimbursements. We can provide regular communication with employees and ongoing training on payroll procedures to help reduce errors and ensure that all employees are properly compensated.

How can we help construction businesses with financial planning?

As accountants that specialise in the construction industry, we help construction businesses with financial planning by analysing past financial data, identifying trends, and developing forecasts for future projects. They can provide insights on revenue projections, cash flow management, capital investment decisions, and financial strategies to achieve business goals.

Do you assist with budgeting for construction businesses?

Budgeting is vital in the construction industry to ensure projects stay on track financially. We assist by preparing comprehensive budgets that consider all project costs, including labour, materials, equipment, and overhead expenses. We can also monitor actual expenses against the budget, identify any discrepancies, and provide recommendations for cost control measures.

Do your provide cost analysis?

Yes, we can tailor our services to your needs. We can analyse costs related to your construction projects and provide insights into cost-saving measures. We can assess the profitability of projects, identify areas where costs can be reduced, evaluate the efficiency of resource allocation, and help recommend strategies to optimise project costs.

What tax-related assistance do you provide?

Our experienced accountants assist construction businesses with tax compliance, ensuring that they adhere to relevant tax regulations and take advantage of available tax incentives or deductions. We prepare and file tax returns, handle tax planning, manage payroll taxes, and provide advice on tax-efficient strategies to minimise the tax burden.

What financial reporting can you provide construction businesses?

We prepare accurate and timely financial reports, such as income statements, balance sheets, and cash flow statements, which are essential for decision-making and financial transparency. We can interpret financial data, analyse key performance indicators, and provide meaningful insights into the financial health of your business to aid in better decision making.

Can you help meet construction industry regulatory requirements?

Yes, we can help you stay compliant with various regulatory requirements, such as tax laws, financial reporting standards, and industry-specific regulations. We can ensure accurate record-keeping, facilitate audits, prepare regulatory filings, and keep you informed about changes in relevant laws and regulations.

Can you provide advice about financing and capital investment decisions?

Yes, our advisor can provide valuable insights into financing options and capital investment decisions. Our specialists can analyse the financial feasibility of projects, assess the potential return on investment, and help you make informed decisions about funding sources, such as loans, equity financing, or government grants.

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Responses to queries submitted via this form (“Response”) are produced by Pitcher Partners Advisors Proprietary Limited and are prepared for the exclusive use and benefit of those who are invited, and agree, to participate in the CRITICAL POINT NETWORK service. Responses provided, or any part thereof, must not be distributed, copied, used, or relied on by any other person, without our prior written consent. Any information provided is intended to be of a general nature and prepared without taking into account your objectives, circumstances, financial situation or particular needs. Any information provided does not constitute personal advice. If you act on anything contained in a Response without seeking personal advice you do so at your own risk. In providing this information, we are not purporting to act as solicitors or provide legal advice. Any information provided by us is prepared in the ordinary course of our profession and is based on the relevant law and its interpretations by relevant authorities as it stands at the time the information is provided. Any changes or modifications to the law and/or its interpretation after this time could affect the information we provide. It is not possible to guarantee that the tax authorities will not challenge a transaction or to guarantee the outcome of such a challenge if one is raised on the basis of the information we provide. To the maximum extent permitted by law, Pitcher Partners will not be liable for any loss, damage, liability or claim whatsoever suffered or incurred by any person arising directly or indirectly out of the use or reliance on the information contained within a Response. We recommend you seek a formal engagement of our professional services to consider the appropriateness of the information in a Response having regard to your objectives, circumstances, financial situation or needs before proceeding with any financial decisions. Pitcher Partners is an association of independent firms. Pitcher Partners is a member of the global network of Baker Tilly International Limited, the members of which are separate and independent legal entities. Liability limited by a scheme approved under professional standards legislation.
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