Construction Accounting
Building Financial Confidence
and Clarity
✓ FREE construction accounting consultation.
✓ Tradies to large building companies.
✓ Experienced construction accountants.
✓ Cloud-based accounting solutions.
✓ Accounts, tax, advice, and bookkeeping.
Accounting for Building and Construction
From homes to offices, major infrastructure projects to renovations — you and your team keep Sydney housed, moving, and protected. Your exceptional hard work — often in challenging weather and difficult circumstances — is invaluable. But, it also means you have little time or inclination to address necessary paperwork.
On top of the building work itself, you’re also fighting tight deadlines, battling with volatile material prices, and struggling with sub-contractors — all while trying to work through ever-changing construction accounting regulations, tax compliance, and financial admin.
You need help and guidance — you need DSV Partners.
As an experienced accountant for builders, we ease your financial burdens. Whether you’re a contractor, developer, bricklayer, or renderer — we help you manage cashflow, remain compliant, elevate profitability, and focus on growth. In short, we address the numbers, while you stay focused on your construction.
Why You Need a Building and Construction Company Accountant
With every brick you lay, foundation you dig, or air con unit you install — you have to stick to strict statutory building regulations. And, the same applies to your accounts.
With construction having its own particular set of financial obligations and compliance duties, your tough day-to-day job is made even harder. From GST to BAS, payroll requirements to the pressures of small margins — your responsibilities seem never-ending.
Your Business Has To Work Through…
Project Costing
Estimating expenses, recording transactions, calculating revenue, and figuring out profitability for every single job.
Volatile Market
When the economy takes a downturn, the building industry is the first to feel the impact.
Cashflow
Juggling upfront material expenses, project delays, and slow customer payments.
Unpredictable Costs
Erratic supply chains, and fluctuating material costs.
Sub-Contractor Compliance and Payments
From superannuation (where required) to managing contractor payments and TFN compliance.
GST Obligations
Understanding and using GST rules, particularly with residential builds and the complex margin scheme.
Convoluted Tax
Construction industry deductions, plant depreciation, FBT, PAYG, GST, and general income tax.
Disputes and Delays
Weather issues, supply challenges, project scope adjustments, and financial disagreements.
Asset Inventory Management
recording, depreciating, and replacing your high-value vehicles, machinery, and tools.
Award Wages, Payroll, and Salaries
Ensuring the correct wages for differing trades to ensure compliance.
The above list is just a small representation of the financial matters you have to tackle in the construction industry every day. DSV Partners delivers trustworthy guidance, advice, and practical assistance to ease your accounting pressures.
Who We Help in the Building and Construction Sector
Whatever your role in the building sector, DSV Partners has the experience and knowledge to deliver exemplary business advisory support and accounting. From substantially sized contracting organisations to individual sole traders — you receive the same unparalleled level of support.
Although not an exhaustive list, we can act as:
✓ Accountants for residential builders — renovations, new builds, and extensions.
✓ Commercial builders’ accountants — financial oversight for significant projects, developments, and fit-outs.
✓ Apprentices and startup accountants — focused tax advice and business setup and structure for those new to the trade.
✓ Independent subcontractor and tradie accountants — electricians, plumbers, carpenters, concreters, HVAC specialists, renderers, bricklayers, and landscapers.
✓ Accountants for project managers — including building consultants and architects.
✓ Property developers’ accountants — financing, sales, feasibility studies, and completion sales.
✓ Accountants for civil construction companies — roadworking, infrastructure and earthmoving.
Our Construction Accountancy and Advisory Services
At DSV Partners, we deliver focused advisory and accountancy packages that address your needs and the requirements of your business. Our services in the construction sector include:
Construction Financial Accounting
From reporting to forecasting, DSV Partners gives you a clear picture of your overall business health. Depending on your needs, this can feature profit margins, cost management, cashflow, income trends, and efficiency models — giving you clarity and empowering you to plan for the future.
Construction Bookkeeping
Our bookkeeping for builders gives your operation a strong financial foundation. We remove the need for an in-house specialist, by taking the responsibility of keeping your books up to date, managing the payroll, and reconciling your accounts — with bookkeeping software for construction companies such as MYOB and Xero.
Building and Construction Tax
DSV Partners addresses your calculations, lodgements, and obligations in the extremely complex area of construction industry tax. This can include GST, income tax, FBT, PAYG, deductions, margin schemes, and TPAR (Taxable Payments Annual Report).
Construction and Building Advisory Services
More than just number crunchers, DSV Partners gives you expert guidance and advice to empower and grow your operation. Depending on your requirements, we can assist with KPIs, risk assessments, cashflow management, tendering, cost control, and business structures.
Supercharge Your Enterprise With Business Advice — Learn More
Construction Audit and Assurance
Many building businesses — particularly the larger firms — must adhere to stringent reporting standards. Our independent audit and assurance services keep you compliant, deliver priceless insights into your construction operation, boost stakeholder trust, and provide a reassuring financial health check.
DSV Partners — Much More Than Construction Accountants
Our expertise and knowledge at DSV Partners extend significantly further than the building and construction sector. With a team of experienced Certified Practising Accountants and Chartered Accountants, we have financial professionals with knowledge in various fields — from medical to retail, and transport to hospitality.
With tailored accounting packages, insight, and innovative solutions — we give your business a powerful competitive edge. Backed by accurate financials and the reassurance of having your books looked after by a professional — your operation enjoys unsurpassed support.
Why the Construction Industry Chooses DSV Partners
DSV Partners’ difference lies in our ceaseless passion for your business — unlike many financial professionals, we’re not just here to check the figures. Instead, we also have an unstoppable desire to help your business grow, succeed, and flourish in what’s a seriously tough market sector.
The reasons that so many Sydney building and construction businesses choose us include:
Experienced construction accountants — the go-to financial experts for builders, developers, subcontractors, and tradies.
Wide service range — from project costings to payroll, tax to bookkeeping, we provide numerous financial and advisory solutions.
Fixed fees and pricing clarity — meaning no hidden fees or unpleasant surprises, allowing you to plan your budget.
Bespoke advice — our tailored packages focus on the particular needs of your business, you only pay for the services you need.
Friendly and approachable — without the stuffiness common to accountancy, and speaking in a language that you understand.
Chartered Accountants and Certified Practising Accountants — you have peace of mind knowing your financials are in the hands of qualified pros.
Cloud-based accounting solutions — we are a MYOB and Xero partner firm, leveraging modern tech for efficiency and real-time insights into your projects.
Construction Accountants FAQs
What Should Be Included on a Construction Worker Tax Deduction Checklist?
Generally speaking, it should include items such as tools, safety equipment, mobile phone expenses, training costs, and travel fees. However, it’s best to speak with DSV Partners first — we can give you specific advice on what is allowable in your unique business.
What Is TPAR?
TPAR stands for the Taxable Payments Annual Report.
If you operate a business in the construction or building sector, it is mandatory to report payments made to contractors. TPAR must be submitted on or before the 28th of August each year. Furthermore, from the 22nd of March 2025, the ATO will apply a late lodgment penalty for failure to lodge TPAR for previous years. The penalty starts from $330.
DSV Partners will happily help you with this document requirement.
How Do You Manage Cashflow in a Construction Project?
In the building industry, cashflow demands careful tracking of your outgoing payments, retentions, supplier invoicing, and overdue accounts. Furthermore, you need to be budgeting and forecasting project costs accurately.
DSV Partners will guide you through these necessary procedures to ensure a smooth and reliable cashflow.
How Does GST Work With New Residential Property?
GST on new residential properties can be complex — typically involving the margin scheme, which permits GST to be calculated on profit margins instead of sale prices. This can be an effective way to improve cashflow.
But, with strict rules for calculation and eligibility, you need guidance. Speak to DSV Partners.