It can be difficult for a contractor to maintain the books and do the taxes for the business by his own. Especially since a contractor would spend most of his time on the road and on construction sites.
A contractor would carry out several projects at the same time with unique features and different completion dates. Therefore it is important to maintain the books to keep track of each job and identify how it affects the company as a whole.
This article will give you a brief idea why hiring an experienced specialist to handle your books and tax accounting function could be the best for your construction business.
Importance of Hiring an Experienced Specialist
1. Helps you to focus more on your business
When a third party specialist handles your books and tax accounting function, you can give more attention to your business.
2. Provide professional advices
An experienced specialist firm will provide you professional advices to stay on top of your business and industry.
3. Keeps you in-line with new tax laws and regulations
Laws regulating the construction industry can be complex in Australia. A professional specialist will keep you in-line with changing legal framework, and keeps you away from possible legal issues.
4. It is cost effective
It can be cost effective to hire a third party specialist to handle your books and taxations rather than recruiting a permanent team for the business.
5. Alert you about the frauds and shortcomings
Third party service providers do not have control over your business. Therefore they cannot get involved in frauds. However a professional specialist will detect them and inform you to take corrective measures.
6. Avoids the hassle at the year end
Filing for taxes and finalizing your books at the year end can be hectic. A skilled professional will ease your mind by managing them on your behalf.
Why SPS Business Consultants
If you are looking for a specialist to handle your books and tax accounting function, then we can help you. We are specialists in tax accounting and bookkeeping in the construction industry. Our team can help you to stay ahead of your business and the competitors.
Here’s why our customers trust us to get their job done perfectly.
1. Years of experience
We have been in the industry for more than 20 years of combined experience. With the experience gathered in taxation and bookkeeping, we have helped many small and medium scale businesses in Narre Warren and Melbourne to achieve outstanding results.
2. Strong client base
We have a client base of more than 300 happy customers who have trusted and recommended our business.
3. Fixed rates
Unlike other accountants, we charge a fixed rate for our services. There are no hidden costs. It doesn’t matter how complex your construction business is, we can handle it. Our proposals are tailored according to your business
4. Affordable service
We provide a high quality service at an affordable rate. Our clients will always receive value for the money they pay.
5. Deal with the ATO
Dealing with the tax office can be hectic. But don’t worry we will do it on your behalf. We will make sure that you never miss the deadline to lodge the tax file so that you don’t face any legal issues.
6. Catch up work
It doesn’t matter if you have never done bookkeeping before. We will go through all your records to prepare your books and get you back on the track.
7. Accredited for cloud best practices
We value and respect your privacy. We have protected the privacy of our clients with utmost confidentiality. This is why we have received the “Certificate of Cloud Best Practice” for the systems we follow.
We guarantee you that we are the best bookkeeping and tax accounting solution for construction contractors in Narre Warren and Melbourne. We will also provide you with the best consultations on financial and business planning.
Don’t worry about your business structure, we have tailor made packages to suit your own business. We can help you to stay ahead of your business by helping you to manage your finances and taxes.