Property Development Business

Property Development Business

For both recent entrants and large, established corporations, the key concern for property development businesses is managing financial risk. Engaging experienced, knowledgeable accountants is vital in order to assess and minimise risk.

Unlike traditional accounting firms, Sothertons is structured along industry lines, and has a dedicated property and real estate division. Constantly building upon already extensive expertise, Sothertons accountants truly understand the intricacies of the property development business.

Know the Industry, Area and Trends

Our dedicated industry practice keeps up to date with market trends and vital industry information. We use this information to create truly valuable partnerships with property development businesses, providing advice based on both experience and the latest information.

Having liaised extensively with engineers, architects, builders and real estate agents, we are skilled at working as part of a team with property businesses. Able to partner with you from initial scoping to sale, we offer advice on:

• the tax advantages of different forms of development
• the management of cash flow throughout the development phase
• risk mitigation tactics
• long-term value enhancing strategies

Accounting for Property Development Businesses

The ability to provide accurate, understandable information to all relevant parties and make informed decisions is not the only reason to engage specialist real estate accounting services.

Classifying assets and costs can be difficult, and misclassification can affect profits from sale or rental income as well as taxation. Experience and in-depth industry understanding ensures that Sothertons can provide the best financial advice and records, maximising value and mitigating legal risks.

Sothertons Difference

Offering services to companies in the middle market across Australia, Sothertons is large enough to have access to skills and technological resources at the highest level, whilst still being able to form close relationships with clients.

Having confidence in your own business decisions requires accurate, comprehensive and readable data, along with well-founded trust in your advisors. Along with back office services, auditing and analysis, Sothertons offers:

• Industry benchmarking and KPI management
• Budgeting and forecasting
• Strategies to deal with adverse market conditions
• Advice on financing options

For more information on the full suite of accounting services Sothertons can offer property development businesses, call us today on (03) 9820 6400 or submit an online contact form.