Construction

If your business makes payments to contractors for building and construction services, yes. The TPAR is due by 28 August each year and covers all payments made to contractors in the previous financial year. We handle this for all our construction clients as part of their annual compliance.

The right structure depends on your turnover, risk exposure, and long-term goals. A company with a family trust is a common setup for established builders as it provides asset protection and flexibility around profit distribution. We review your situation and recommend the most appropriate structure for your stage of business.

Yes. We set up job costing in Xero so you can track income and expenses at a project level. This gives you real visibility over your margins and helps you price future work more accurately.

You need to keep records of all income and expenses including invoices, receipts, bank statements, payroll records, and contracts. The ATO requires these to be kept for at least five years. We help you set up a simple system in Xero so record-keeping becomes part of your normal workflow rather than a chore at tax time.

Progress billing, deposit invoices, and a rolling 12-week cash flow forecast are the most effective tools. We help you set these up and review your cash position regularly so you are never caught short when a big material order is due.