Trades & Construction
Master construction industry compliance and cash flow management with accountants who understand progress claims, retention amounts, and trade-specific tax obligations across Melbourne.
Trades & Construction
Trade and Construction Accountants Melbourne
Construction businesses face unique challenges with progress billing, retention amounts, and subcontractor payments that create complex cash flow and tax obligations. Managing multiple projects simultaneously requires sophisticated job costing and profitability tracking systems.
The construction industry has specific tax treatments for long-term contracts, materials purchases, and equipment depreciation that differ significantly from other industries. Subcontractor vs employee classifications have serious tax and legal implications if managed incorrectly.
Seasonal work patterns, weather delays, and client payment terms create cash flow volatility that requires careful management and planning. Poor financial management often results in profitable projects generating negative cash flow.
Whether you need personal tax assistance or full practice-level accounting, Keystone is here to safeguard your financial health.
Trades & Construction accounting services
Accountants Who Understand Complex Accounting
At Keystone Taxation and Business Advisors, we’re dedicated to helping business owners make the most of their hard work. Our expert insights and resources are designed to give you a clear understanding of strategies, structures, and technologies that can drive your business forward.
Strategic Tax Solutions
Discover tax strategies and business structures available to you
Technology for Growth
Understand and apply new business management technology
Tailored Business Advice
Get in touch with us for information tailored to your business
Self-Managed Super Funds
End-to-end SMSF setup, compliance, and advice to help you take control of your retirement.
Payroll & Bookkeeping
Accurate, ATO-compliant payroll and bookkeeping services so you can focus on growing your business.
Frequently asked questions
Got Questions? We've Got Answers
Have a question? We’ve answered some of the most common ones below.
How should progress claims be accounted for tax purposes?
Progress claims are generally taxable when invoiced, not when paid. We ensure proper timing of income recognition and GST obligations for all project billing arrangements.
What's the difference between subcontractors and employees?
The distinction affects tax withholding, superannuation, and WorkCover obligations. We help classify workers correctly and establish compliant payment systems for all worker types.
Can construction equipment be depreciated or claimed immediately
Equipment can often be claimed immediately under small business concessions or depreciated over time. We optimise equipment purchases for maximum tax benefits and cash flow.
How should retention amounts be handled in accounting?
Retention amounts are still income when invoiced, even though payment is delayed. We ensure proper accounting for retention whilst managing the cash flow impact.
What records are essential for construction businesses?
Maintain detailed job costs, material purchases, subcontractor payments, and equipment usage records. Proper documentation supports tax claims and helps resolve project disputes.
Ready to Get Started?
Build Profitable Trade Operations With Your Accountant
Our construction specialists understand industry-specific accounting requirements, job costing systems, and cash flow management strategies that ensure profitability across multiple projects. We provide compliance support and growth planning tailored to construction operations.
With specialist construction accounting, you'll maintain accurate project costing, optimise tax outcomes, and manage cash flow effectively whilst focusing on delivering quality projects and growing your construction business.
