Whether you are a Builder, Developer, Rental Property Owner, Occupier, Tradesman or Realtor, know that Dusangh & Company has numerous years of experience serving the Lower Mainland clients with the very best accounting, taxation and business advisory services.
Construction is a major part of our client base. The construction industry is a unique business environment and having Dusangh & Co. onboard that understand that climate and its financial issues can help to ensure your company has success both in the office and out in the field. Operation costs in the market are climbing. We understand that companies in this industry must have a constant flow of equity, making it instrumental that your accounting department is in check.
There are many types of transactions that occur in real estate and construction industry. Some of the transactions with which we regularly assist are:
- Business income versus property income
- Current versus capital expenditures
- Capital gains related planning for principal residences
- Capital gains related planning for developers Construction period costs
- Tenant and leasing rules
- Replacement property rules
- Changes in use of property
- Disposition of real property
- Income of contractors
- Personal Real Estate Corporations
- GST and PST issues on real estate
- Non-arm’s length transfers (spouses, estates, children, corporations)
- Soft cost deductions
- Holding property
- Loss utilization