CONSTRUCTION · SINGAPORE
Accounting & tax for construction and trade firms.
Construction and renovation firms run long projects with progress billing, retention sums, subcontractors and heavy equipment. Get the accounting wrong and your margins disappear. We job-cost it properly and keep the tax position right.
The challenges we see in Construction.
How we help construction and trade firms.
Accounting & Bookkeeping
Job-costed bookkeeping so each project's materials, labour and subcontractor costs sit against its billings.
Learn moreCorporate Tax
Capital allowances on plant and equipment claimed correctly, with ECI and Form C filed on time.
Learn moreAudit Support & CFO Advisory
Project margin and cash-flow forecasting so milestone payments and retentions don't catch you short.
Learn moreWHAT TO WATCH FOR
Compliance notes for Construction.
- Retention sums are usually recognised as income when the work is certified, even if cash is held back — timing affects accounts and tax.
- Plant and equipment are capitalised and claimed through capital allowances, not expensed in full, which changes your taxable profit.
Typical setup
Often a Pte Ltd on Xero or QuickBooks with project tracking; fewer but larger transactions, plus subcontractor and equipment costs.
Recommended: Established
Construction firms juggle job costing, subcontractors and equipment — the Established tier's monthly accounts and CFO advisory suit that complexity.
See packagesConstruction accounting — common questions.
How are retention sums treated in my accounts?
Retention is typically recognised as income when the work is certified, even though the cash is released later. We account for it so your profit and tax reflect reality.
Can I claim the cost of equipment and machinery?
Yes, through capital allowances over time rather than a single deduction. We compute the allowances so your tax position is optimised and compliant.
Can you track profitability per project?
Yes — we set up job costing so materials, labour and subcontractor costs sit against each project's billings, showing true margin.
GUIDES & TOOLS
Useful next steps for construction and trade firms.
Accounting guide
Outsourced Accounting for Singapore SMEs
What outsourced accounting includes, when it makes sense, and how to choose the right level of support for your business.
Open resourceFree deadline tool
ECI & Annual Return Deadline Calculator
Calculate both company filing dates from the financial year end and assess the common ECI waiver.
Open resourceOther industries we serve.
Run construction and trade? Let's talk.
Book a free consultation and we'll map out exactly how we keep your books and filings clean — and recommend the right package.