Accounting Services for Property Developers and Builders
Property developers play a major role in the building and construction industry.
One normally associates property development as getting the property or land ready for renovation or using builders to construct buildings on that land.
Some argue that the hard work is done by the property developer in the time spent on obtaining the relevant plans and permits which can sometimes take a long time.
How we can help property developers and builders
Compliance with the Taxation Office is also a major issue for property developers and builders. Dealing with issues like GST and the margin scheme, BAS and income tax payments are very important. Paying too much GST or tax if incorrectly applying the margin scheme due to incorrect calculations being used can be costly to any business. If you have an accountant that understands your industry and can assist and make these compliance matters easier to deal with, it makes life easier. Someone that knows how a property developer or builder operates when they receive GST refunds regularly and ensuring they receive them from the Taxation Office promptly and when it arises is important for cash flow planning.
An accountant should also be advising you of up to date and modern software that reduces time spent on unnecessary administration, bookkeeping and paperwork along with assisting in budgeting, tax planning and costings for the business that are of more importance.
At RCR Financial Group we have a wealth of knowledge and experience in dealing with property developers and builders in the building and construction industry. Whether you are a residential developer/builder or commercial developer/builder we have the necessary experience and knowledge to help your business. We will continually review your business structures and implement asset protection strategies, assist in implementation of modern accounting systems and software to reduce time spent in attending to compliance, analyse profit margins and ensure that all compliance documentation is correct. We also have resources at our disposal for more technical aspects of large developments. Risk management is also an important factor in these industries to ensure assets and property are protected.
Interested in hearing more about how we can help build or grow your business?
At RCR Financial Group, we specialize in supporting property development companies with tailored financial services. Property development and builders offer diverse opportunities with challenges. We simplify the complexities of your business, from inception to growth strategies. Contact us to streamline operations and maximize profits.