Industries: Real Estate and Construction

Industries: Construction

Whether you are a construction-company owner, developer, contractor or investor in Canada or abroad, Crowe MacKay has the depth and breadth of knowledgeable and experienced accounting and audit professionals to help your company navigate the challenges in this industry. Our team works side by side with our construction clients to help them streamline their operations, maximize their opportunities and minimize their risks in this cyclical marketplace.

We possess the expertise to assist your construction company improve its accounting practices in the following ways:

  • Benefit from improved accounting processes, income-tax preparation and financial advice;
  • Sophisticated financial analyses and reports let you effectively evaluate performance on an ongoing basis.
  • We help you consider a variety of income-tax planning strategies including, under the right circumstances, the possibility of incorporation, partnership or joint ventures;
  • We let you focus on growing your business while we:
    • Prepare year-end financial statements
    • Audit trust accounts and report to government authorities
    • Assist with computer software installation and support
    • Provide ongoing tax planning and structuring tailored to your situation

At Crowe MacKay, our clients in construction and development can rely on our accounting services and for us to:

  • Keep up-to-date on the financial status of a project as it develops
  • Properly monitor project management/costing
  • Prepare financial plans
  • Plan for income taxes
  • Strategize solutions to unique income-tax compliance and planning issues, such as:
    • Choices in recording revenue and expenses related to construction projects
    • Choosing an advantageous fiscal year-end for a new corporation as this affects the timing of income taxes arising from a specific project
    • Ensuring you are efficiently organized as you undertake a project because this has a major impact on the income taxes generated over the life of the project
    • Complex GST/HST issues

For more information on the accounting services we offer the construction industry, please contact one of our team members or your local Crowe MacKay office.

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