Construction

We are your construction-related company’s entire finance department, for a fraction of the cost of hiring an entire in-house team. Our aim is to make our expertise in finance for construction your greatest asset..

We serve all construction-related fields like Trade contractors, Remodellers, Electrical, HVAC, Plumbing, Painting, Concrete, Excavation, Architecture, Engineering, etc.

Did You Know?

  • Only 25% of projects come within 10% of their original deadline.

  • Just 31% of all projects come within 10% of the budget.

  • 26% of workers are frustrated by the lack of necessary tools.

  • Up to 30% of initial data created during design phases is lost by project closeout.

  • Nearly half of construction professionals spend too much time on non-optimal tasks, like admin & bookkeeping.

Our team offers specialized services tailored for the construction industry:

  • Cash flow forecasting, advisory and improvement.

  • Cloud-based, managed construction bookkeeping.

  • Construction CFO and Construction Controllership.

  • Payroll services for construction employees, trades, and subcontractors

  • GST/HST/PST Advice and Returns.

  • Year-end compliance services (financial statements and tax returns).

  • Tax planning and reduction, including remuneration planning.

  • Strategic growth planning (1 Year, 3 Years, 5 Years, etc.)

The Topspin Finance Solution

With decades of combined experience, our team know the challenges you’re most likely to face in the Construction industry. We work with you to develop tailored solutions to address your business’s unique requirements.

Some of the challenges our Construction industry clients face:

Managing Cash Flow

Implement best practices to manage time tracking, AR, AP are important to maintaining strong business operations.

Owner Transitions

Ownership structure will change over time. To ensure seamless transition with minimal disruption to operations, a detailed plan around finances and logistics is critical.

High Overhead Costs

When payroll is your biggest expense, financial planning becomes critical. Knowing how to manage your overhead expenses while remaining profitable will be key to long-term success.

Understanding Utilizations

When your top line is strong, but profits are lower than expected, it’s time to examine the company’s resource allocation, expenses, margin trends and the overall financial model.

We work seamlessly with software platforms like: CoConstruct, Knowify, QBO, and Xero. We’re proud partners with BuilderTrend.