Accounting

Professional Tax Accountant Sydney

Silver Peacock works closely with Small Businesses, Construction Developers, Property Builders, and Tradespersons to ensure you are operating your business efficiently.

We adopt cloud-based accounting tools & systems such as Xero, MYOB, Freshbooks allowing us to work on your business anytime and anywhere so your business can get the attention, dedication, and commitment it deserves. Adopting this innovation has strengthened client relationships with Silver Peacock and allowing for more streamlined communication and data accessibility.

This simply means you will have instant access to your financial information and Silver Peacock can have real-time tracking of performance indicators as we manage your business compliance and bookkeeping requirements.

 

Accounting

Accounting Tips for Small Businesses, Tradies & Construction Industry

“Cash Flow” are two very important words we have found to worry most businesses, especially in the building & construction industry regardless of your scale of economy. Whether you’re expanding your business or funding a development project, the magic words have always been “Cash Flow”.

Silver Peacock helped many small to medium business enterprises in the construction industry, medical & healthcare  & Tradesman by identifying and measuring cost drivers that have an influence on and impact the business cash flow.

Understanding and controlling the various cost drivers in the business can help you make a smarter business decision that will accelerate your cash flow. 

Let us help you!

Give us a call or send us an email to learn more about what we can do to keep your business running as it should be.

: 1800 983 448

info@silverpeacock.com.au

Builders & Tradies - How To Increase Business Cash Flow

As a business operating in a competitive environment, it’s important to understand the cost drivers that impact your cash flow, some cost drivers are quantitative in nature others are qualitative.

Some common areas of struggle for construction businesses are:

  • Timelines: It’s important to work within project timelines and deadlines, if the project takes longer to complete, naturally this will reflect in your profits;
  • Interest rates: It doesn’t take a genius to figure out that fluctuation of interest rates will affect your holding costs, particularly mortgage repayment;
  • GST Implication: Understand your obligations so you can make the best decisions, for example, GST implication on property acquisition or GST on construction costs;
  • Insurances: Most builders struggle with obtaining the appropriate coverage of insurance for the project. Likewise, it’s important that your accounts are compliant with the home warranty insurance requirements;
  • Technology: Having a streamlined system that allows you to invoice before you leave the job site means you can get paid quicker. We can assist you with the appropriate business automation;

How We Help Small & Local Businesses

It’s not magic, every business has its unique cost drivers that impact its cash flow. Our Sydney Based Expert Accountants and Tax Specialists who worked with developers, builders, architects, engineers, and many other tradies have over time developed and adopted strategies that helped businesses trace costs to the relevant cost driver for example the cost driver of labour cost is labour hours.

Here’s how Silver Peacock can help you steer the business to success:

BUSINESS GROWTH

Business Growth

TAX PLANNING

Tax planning & Implementation

CASH FLOW

Cash flow management

BUSINESS STRATEGY

Business strategy

INCREASING PROFITABILITY

Increasing profitability

SELF-MANAGED SUPER FUND

Self-Managed Super Funds (SMSF)

Book A Free Consultation

We will provide you with a free consultation. We will go over your business model with you and discuss how our services can help with your business specifically.

    Are you looking for someone to help?

    Let us help you! Call Now : 1800 983 448

    info@silverpeacock.com.au

    Partners at Silver Peacock & Co