Construction businesses have accounting needs that general bookkeeping often misses: jobs that span months, progress billing, holdbacks, subcontractors, equipment and seasonal crews. Garg Accounting helps general contractors, trades and subcontractors in Calgary and across Alberta keep clean books, stay compliant with the CRA and know which jobs actually make money.
Residential builders and renovators, framing, concrete, drywall, roofing, flooring and finishing crews, electrical and plumbing contractors, HVAC, landscaping and excavation companies, and owner-operators with trucks and equipment.
Construction cash flow is different from other businesses. We set up your books so progress billings, holdbacks and change orders are tracked by job, GST is charged and claimed at the right time, and you can see which jobs actually made money. When construction is your main business, we also prepare the annual T5018 slips for payments to subcontractors.
Yes, if construction is your primary business activity and you pay subcontractors for construction services, you generally must report those payments on T5018 slips. We prepare and file them for you.
Yes. We set up projects or classes in QuickBooks Online so labour, materials and subcontractor costs are tracked by job, and show you profit per project.
Yes. We run payroll, remit source deductions, issue T4s and ROEs, and prepare WCB Alberta reporting.
Yes. We catch up on bookkeeping, reconcile accounts and file overdue GST and tax returns, then keep you current every month.
Yes, if construction is your main business activity and you paid subcontractors for construction services, you generally report those payments on T5018 slips, or a summary, each year.
Specialist pages: accountant for professionals (doctors, realtors, consultants) · rental property and Airbnb tax · accountant for trades and contractors
Garg Accounting · 4310 104 Avenue NE, Unit 3230, Calgary, AB T3J 1W5 · +1 368-995-6000 · info@gargaccounting.ca · Mon–Fri 9:00 AM–5:30 PM
Areas we serve: NW Calgary · NE Calgary · SW Calgary & Downtown · SE Calgary · Airdrie · Chestermere · Balzac & Rocky View · Cochrane · Okotoks & High River · Strathmore · Drumheller · Red Deer · Lethbridge · Medicine Hat · Edmonton · Fort McMurray · Grande Prairie · Online across Canada
Related: Personal tax filing · GST/HST filing · Bookkeeping · Incorporation · Contact
Popular services: Accounting services in Calgary · Personal tax returns · Payroll services · Bookkeeping · Corporate tax (T2)
