Accounting & tax support for Construction & Fit-Out
Project-based accounting, retention tracking and cash flow management built around long project cycles.
Industry challenges
Long project timelines, staged/milestone billing, retention amounts held back by clients, and cash flow that doesn't move in a straight line.
How Imperium helps
We structure bookkeeping around individual projects/jobs rather than just a general ledger, so you can see profitability per project, not just overall.
Key considerations
Accounting considerations
Percentage-of-completion vs. completed-contract recognition, retention receivable tracking, and separating direct project costs from overhead.
Tax considerations
VAT on staged payments and retention amounts needs careful timing — VAT can become due at invoicing or milestone completion depending on how contracts are structured.
Common financial problems
Retention amounts held by clients are often forgotten in cash flow planning until they're already overdue for release, and per-project profitability is frequently invisible until year-end.
Talk to a specialistTalk to us about Construction & Fit-Out
Tell us about your business and we'll respond within one business day with a clear, no-obligation answer — including anything specific to the Construction & Fit-Out sector.
- No obligation, no jargon
- Response within one business day
- Sector-aware accounting & tax support
Frequently asked questions
Still unsure about something specific to your business? Get in touch directly.
Ask us directly01Can you track profitability per project, not just overall?
Yes — project-based bookkeeping is a core part of how we set up accounts for construction and fit-out clients.
02How should retention payments be handled in VAT filings?
Timing depends on your specific contract terms — this is something we review case by case rather than apply a blanket rule.
03How do you handle subcontractor payments and retentions?
We track subcontractor retentions separately from your own, so both sides of the retention relationship stay visible.
04Can you help with cash flow forecasting across multiple concurrent projects?
Yes — multi-project cash flow visibility is one of the most requested services from construction clients.
05Do you support percentage-of-completion revenue recognition?
Yes — we can set up percentage-of-completion accounting where it's the right fit for your contracts.
Let's simplify your compliance.
Talk to a certified Tax Agent — no obligation, no jargon. A clear answer about your accounting, tax and payroll, typically within one business day.