Infrastructure

The construction industry focuses on the construction, demolition, renovation, maintenance, or repair of buildings and infrastructure. It covers a wide range of services, from planning and measurement to structural construction, to decoration services such as painting and decoration. The revenue of the construction industry exceeds 360 billion US dollars, accounting for approximately 9% of Australia’s GDP. The Ministry of Finance predicts that by 2050, the population of Australia will reach 35.9 million. Creating more liable spaces has never been more important.

 

Most companies in this industry are often owned by Australians, and sales occur in the domestic market. However, building materials are increasingly being imported from overseas. This industry in Australia faces challenges such as capital acquisition, supply chain disruptions, rising material prices, local labour shortages, and strengthened government regulation.

 

Our capabilities cover all stages of residential and commercial development. We collaborate with leading clients in Australia who build and sell landmark skyscrapers, some of whom have built The Star Casino and IKEA Tempe.

 

We provide professional services to clients in the construction industry, including:

 

1. Tailored tax planning and business structure recommendations for builders and developers.

 

2. Industrial professional financial accounting services, such as reporting retention withholding tax and long-term service tax; Report real estate development financing to banks at each development stage.

 

3. Industrial tax and tax compliance services, including fuel tax credits, TPAR contractor reports, employee leave of home allowance (LAFHA) fringe benefits, automotive fringe benefit taxes, and exemptions.

 

4. Cost coding for construction projects. Work closely with the project manager to manage and organize amounts, quantities, budgets, and other account letters related to each project.

 

5. Cost control, budgeting, cash flow management, profit analysis and pricing.

 

6. Compliance with worker compensation; State government taxes, including stamp duty and payroll tax.

 

7. General tax compliance, preparation and submission of income tax returns, business activity reports, and bookkeeping.

 

8. Audit and assurance services.

Book with your local INP office and arrange for a 30 minute free consultation.