We specialise in providing accountancy, taxation and Finance Director services to the construction industry.
Our team have a detailed understanding of how the sector operates and the complexities associated with it.
Our founder Mark Telford worked for property developers, main contractors and civil engineers for more than 10 years before starting his accountancy business. This experience means we are able to provide high level, industry specific financial support to businesses in the construction sector.
We understand how important it is that the costs to complete or cost value reconciliations that quantity surveyors prepare agree to the company records. And that the financial forecasts and budgets take account of all costs to complete projects.
The reconciliation of costs and a great level of communication between your finance and accounts departments is essential. Its also vital that your accountant understands the importance of this.
Accurate work in progress valuations are an essential part of the work accountants need to do for businesses in the construction sector who have projects that cover several months or years.
Making sure that income and expenditure are matched correctly and that profits are reported in the correct period.
CIS is a complex scheme and it’s vital that an accountant has a good understanding of it.
Understanding which activities fall within CIS.
Whether clients should stay at Net status or apply for Gross status.
We cover the Construction Industry Scheme in more detail here.
Many businesses in the construction sector overlook research and development tax credits, thinking their businesses will not qualify.
We have made successful claims for a number of clients in the construction industry.
If you are undertaking work which is technically challenging, requires specialist skills and knowledge and incurs cost then there is a good chance your company with qualify for R&D tax credits.
If you would like to find out more, please get in touch.