Accounting for Architects

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We Offer Accounting for Architects

With a project-based industry, accounting for architects can help businesses to offer more precise services. From budget management to forecasting, our services are designed to ensure your firm is confident and thriving. 

By offering these services, we aim to address the unique accounting needs of architectural firms, supporting their operational needs while facilitating strategic growth and profitability. Our comprehensive approach ensures that architects have access to the financial management tools and advice they need to navigate the complexities of their industry successfully.

We’re confident our accountants can help architects, and we’d love to hear from you. For a consultation, you can get started by booking a free chat online or by calling 07 5504 1999.

Services Offered to Architectural Firms

Business Setup & Structuring

Choosing the right business structure is crucial for businesses in the architectural industry and for their neighbours in property, construction, and professional services. 

Business structuring impacts tax efficiency, liability exposure, and the ability to attract investment and manage growth. We offer guidance on selecting the most appropriate structure for your firm, be it a sole trader, partnership, company, or trust. This advice is grounded in a deep understanding of the architectural sector and its regulatory environment, ensuring that your business not only starts on solid footing but is also set up for future success.

Compliance with industry-specific regulations and standards is another area where architects need specialised support. Our services include assistance in navigating these regulations, and ensuring that your firm meets all legal requirements from the outset.

Additionally, we provide support in implementing accounting systems that are tailored to the unique needs of architectural firms. These systems are designed to streamline financial management, allowing architects to focus on their core business activities.

Tax Planning and Compliance for Architects

Effective tax planning and compliance are vital for architects, given the complexity of project-based accounting and the potential for significant fluctuations in income. 

Our tax planning services are designed to minimise liabilities while ensuring full compliance with Australian tax laws set by the ATO and other relevant bodies. We understand the specific tax obligations of the sector and provide strategies to manage these effectively.

Growth and Scaling Advice

Architectural firms looking to grow face numerous challenges, including market expansion, profitability enhancement, and operational scaling. 

We offer insights and strategies to help overcome these barriers, providing business coaching and advisory services tailored to the unique needs of architects. Our goal is to support your firm’s expansion through practical advice on efficiency improvements, cost reduction, and strategic planning.

Financial Management and Reporting

Real-time financial reporting is essential for architects to make informed decisions and manage projects effectively. Our financial management and reporting services provide architects with timely insights into their financial performance, helping to improve operational efficiency and drive business growth. 

We offer solutions that cater to the requirements of the architectural sector, ensuring that your firm has the financial information it needs to succeed.

How We Offer Accounting for Architects

We’re not your dinosaur accounting firm. Our services around accounting for architects are designed to provide support addressing financial challenges while finding opportunities that provide tangible results. 

We can help firms from their inception to maturity and at stages ready for growth, with help along the way to ensure financial sustainability and streamlined operations.

Starting a Business: Business Setup and Structure Guidance

Our team offers detailed guidance on navigating the nitty-gritty involved with starting a business, ensuring that your firm is set up for success from the beginning. This includes cutting out the jargon in contracts and compliance with industry standards.

Our goal is to simplify the startup process for architects. We provide expert advice on tax requirements, business compliance, and strategic business structuring. Whether it’s choosing the right business structure for tax efficiency and liability protection or ensuring compliance with Australian Standards and the relevant regulatory bodies, we’re here to make the process as straightforward as possible.

Growing Your Firm: Growth and Scaling Strategies

Architectural firms often encounter unique challenges when looking to grow. These can range from managing cash flow during long project cycles to scaling operations in a way that maintains quality and client satisfaction. We can help in identifying and overcoming these barriers, offering innovative solutions tailored to the architecture industry. Our strategies are designed to improve efficiency, reduce costs, and open up new market opportunities.

Growth requires more than just hard work; it requires strategic planning and a focus on revenue enhancement. We provide strategic planning, investment analysis, and initiatives aimed at increasing revenue and profitability. Our support includes market analysis, business model adjustments, and advice on leveraging technology and innovation to stand out in a competitive market.

Comprehensive Help Along the Way

Structuring Assistance

The business structure of your architectural firm significantly impacts tax efficiency, profitability, and the ability to attract and manage capital. We offer tailored advice on choosing and refining your business structure to meet these objectives, considering the current state of your business and your future aspirations. If your business is set to grow, we can help you ensure your structure is ready to grow with it.

Streamlined Bookkeeping Processes

Effective bookkeeping is vital for any business, but it’s particularly crucial in project-based industries like architecture. We streamline bookkeeping processes to ensure that you have accurate, real-time financial data at your fingertips. This supports better decision-making and helps manage the financial health of your projects and your firm as a whole.

Maximising Profit and Tax Efficiency:

If you’re not sure you’re getting the most out of your current operations or accounting services, we can help in providing second opinions on accounting and tax returns. This is not just about ensuring compliance; it’s about strategically maximising profit and tax efficiency. We review your financial statements and tax returns with a fine-tooth comb, identifying areas where savings can be made and ensuring that you’re taking full advantage of all available tax benefits.

Why Choose New Wave for Accounting for Architects?

From initial business setup to scaling for growth, our accounting services for architects strive for more. When choosing our team, you’re choosing partners that are fanatical about your business’s growth, and equally excited about communicating that with you. You’ll be kept in the loop at every stage of the process with services that are backed with:

  • Transparent and fixed-free pricing on packages
  • A dedication to two-way communication
  • A wide range of experience in accounting services in a wide range of industries relevant to architects
  • Dedicated to your growth as an architect and a business owner

We are your financial partners, your advisors, and your biggest supporters. Our accounting services are dedicated to helping you save time, grow your business, and profit more. Learn how and start with a free chat with a friendly member of our team. Contact us online to get started or call the team at 07 5504 1999.

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Get in touch with our team!

Frequently asked questions

Each year, New Wave hosts a Charity Golf Day gathering Gold Coast business owners and professionals together to raise money and support local causes – see video of our latest event below. Our next event is currently scheduled for 2023. If you are interested in attending or want to get involved with sponsorships, get in touch with our office 07 5504 1999.

New Wave Accountants and Business Advisory is a modern accounting firm providing tailored business solutions to businesses on the Gold Coast and across Australia. We assist clients with: Accounting, Business Review, Cloud Software, Business Setup, Tax, BAS Compliance, Business Advisory & Growth, Management Accounting and Virtual CFO services. At New Wave, our mission is to empower, excite and build confidence in small businesses by providing clarity in their figures.

We do not currently offer tax returns for individuals only as we primarily support small to medium sized businesses. However, an individual’s tax return will be prepared by us if they have a business structure.

As Business Advisors, we don’t just focus on tax, but look at ‘out of the box’ strategies to start, grow, and scale our client’s businesses. We provide world class communication both internally and towards our clients.

  • We have saved more than $3.5 million in tax for our clients over the last 12 months
  • We are not your Traditional Dinosaur Accountant
  • We don’t charge by the hour
  • We specialise in Small Business

We are RESULTS DRIVEN Accountants. We are passionate about small businesses, and we truly believe we are making a difference through not only changing our clients lives but also the lives of our team members. We offer more than just tax, but look further into how to improve profits, save tax and maximise cashflow

Every business is different and therefore has unique requirements. You can start by booking a free initial consultation with one of our Accountants / Business Advisors to help us understand your requirements and come up with a plan to assist you and your business needs. To book a free consultation, please contact our reception on 07 5504 1999.

We understand small businesses and have worked with over 800+ businesses across various industries. We also provide tailored services for specific niches such as Ecommerce, Construction, Medical and Allied Health.

We offer a $150+GST for 30-minute initial consultation with one of our Accountants / Business Advisors. To book, please contact our reception on 07 5504 1999.

Our Location

8:00am-5:00pm Monday - Thursday
8:30am-2:00pm Fridays

Have an Enquiry?

Please fill out the form and one of our team will be in touch with you as soon as possible.
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