At Empower Accounting & Advisory we have a unique understanding of construction businesses and the challenges they go through on a day-to-day basis. Often, they are struggling with cashflow and profitability problems as well as plenty of tax questions. After a while, the stress builds up. Typically, business owners in this industry are overworked and underpaid, they’re working hard but not seeing the results they should. Obviously, this raises a lot of questions and concerns for the business, and it can be hard to know what to do. That’s why Chris and the team at Empower Accounting & Advisory chose to focus on construction businesses. We’ll help you clear these hurdles and get back to the trade you’re good at.
Empower Accounting & Advisory has been helping construction business owners improve their businesses for years. Along the way, we’ve developed a strong understanding of the ups and downs of a trades business, no matter whether you’re a property developer, builder, engineer, plumber or electrician.
The first step for us is to get to know you. Once we understand where you’re at and what your personal goals are, we’ll then be able to help you create the business and framework needed to reach those goals.
Our team has an expertise in business technology, cloud accounting software and other useful apps and integrations, which means we can remove those frustrating piles of paperwork you’re probably trying to keep track of. With Xero cloud software, you’ll be able to access your financial data on the go, save heaps of time and even get paid faster with their simple invoicing functionality.
Cashflow issues are rife in the construction game as you often have to wait quite some time before getting paid. We’ll dive deep into your business to explore these cashflow and profitability concerns and develop a plan to help you improve them. Often we find construction businesses cashflow issues will relate to profitability problems. With this insight, we’ll be able to set targets, monitor performance and deliver relevant advice as we go along.
Our financial analysis tools look back and show you where your cash has gone in the past. Then we use reporting software to show you how you could reach your future revenue goals. Of course, this process includes the creation of an action plan with the best way to achieve that profit increase. We’ll track your performance as we go along, review it regularly and tweak as needed.
Tax payments are obviously very important for a construction business, but we know it can be confusing. We’ll show you exactly how much tax you have to pay so you can stay compliant with the ATO.
Our tax planning services will help you save money along the way. Our team communicates in plain and simple English so you understand exactly what you need to do to ensure you don’t pay a cent more tax than you owe.