Property and construction
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.
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
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.
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.
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
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.
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.
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.
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.
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.
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.
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.
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.
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.
Pitcher Partners insights
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