Call SB Partners 905-632-5978

Accounting and business advisory services for real estate & construction companies in Burlington, Oakville & Hamilton

Build value, maximize profits and minimize downtime

Whether you’re a realtor or own a construction company, you know how hard it is to manage your business while keeping up with works in progress, subcontractors, market pressures, and labour challenges. At SB Partners, we provide a full range of accounting solutions and services for your business. We’re here to make sure that you have the tools and information you need to succeed—and that you’re on top of all your financial obligations.

At SB Partners, we understand that running a business isn’t always easy or straightforward. That’s why we offer customized solutions tailored to your specific needs and goals—whether it’s managing cash flow or streamlining your payroll process, we’ve got the experience to help you take care of all your needs. With several clients in the industry, our specialists have experience working with Residential and Commercial contractors, industrial and retail developments, hospitality and entertainment builds, and bonded warehouses. 

As an accounting firm, we can support your real estate and construction business by developing profit-enhancing strategies, managing cash flow and payroll, preserving and gaining capital, making use of energy efficiency initiatives, supporting with litigation and estate freezes, financing new projects, and regulatory and leasing reporting.


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FAQ's: Accounting Services for Real Estate and Construction

The construction and real estate industry is constantly changing, and it’s important to have someone who can help you navigate these changes. From new regulations to shifts in the industry itself, to ensuring that you’re following the right procedures, it can be hard to keep up. That’s where our CPAs come in to help businesses like yours navigate the complex world of accounting and tax laws. 

Our team of chartered professional accountants:

  • Understand the unique accounting challenges of your industry, including sales tax compliance and employee payroll taxes
  • Make sure your company is compliant with federal laws and provincial regulations that apply to your industry
  • Understand the best practices for tax planning so that you aren’t paying more than you need to in taxes each year

We know how important it is to work with professionals who understand your industry and its challenges, which is why we work hard to understand your goals so that we can help you achieve them.

In a coordinated and uncomplicated way, we’ll help you identify and understand opportunities to increase returns on job costs, maximize your tax efficiency and establish a business management structure that complements your business — no matter what stage you’re at or how big or small your operation may be. 

We offer customized solutions tailored to your operational needs and work environment. Working with us can save you time, maximize your ROI and improve profitability.

SB Partners real estate and construction accounting services include:

  • Tax planning and tax compliance services
  • Optimizing your company’s corporate structure
  • Developing working capital management strategies
  • Cash flow analysis
  • Operational performance reviews and process improvement
  • Inventory accounting construction materials and equipment
  • Business overhead and marginal cost review and analysis
  • Subcontractor and job order costing
  • Fixed-price consulting contracts
  • Project management review
  • Profit enhancement strategies
  • Tax credit possibilities
  • Financial analysis and reporting
  • Strategic business advisory services
  • Succession and estate planning
  • Risk management and security reviews

We’re innovative decision-makers, business-minded thinkers, and financial professionals that work with you to run your company and provide accounting solutions so that you can spend more time interacting with your buyers and sellers.

The following are some of the related costs of building acquisition that should be capitalized and included in the original cost of land:

  • Commissions paid to brokers
  • Purchase price or original contract
  • Closing costs include items such as title searches and attorney fees
  • Lien or mortgage assumption
  • Filling, grading, draining and clearing
  • Real estate surveys
  • Cost of demolition

In general, a payment is deductible if it is done to gain or create revenue from a business, is not on account of capital, is not a personal cost, and is fair in the circumstances. In addition to all of the typical expenditures including:

  • Advertising and marketing
  • Car expenses
  • Meals
  • Monthly brokerage fees
  • Cost of gifts or cash given to purchasers by an agent

These expenses may be deducted as a general business expense if certain requirements are met. A real estate agent should keep accurate records of meals, car expenses, and gifts. These are necessary for any audit and are used to substantiate the reported costs.

Once a property is constructed or kept for resale, it is often regarded as inventory in real estate. Inventory valuation is critical because it can have a major influence on net profitability year after year.

Who do SB Partners work with in the Real Estate and Construction Sector?

SB Partners provides accounting services across Southern Ontario including areas such as BurlingtonOakvilleHamilton, Mississauga, Brampton, Guelph, Kitchener, Milton, Cambridge, Grimsby, St. Catherines.

We support real estate and construction businesses such as Land Developers, Corporate Occupiers, Brokers, Foreign and Domestic Investors, Architects and Engineers.

Speak to a local accountant
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