Property & Construction

Tax Planning for Property and Construction

Navigating the tax landscape in the property and construction industry can be complex. From managing capital gains to understanding VAT on construction projects, tax compliance is critical for any business operating in this sector. Our team of experienced accountants offers tailored tax planning services to ensure you are fully compliant with HMRC regulations while minimising your tax liabilities. Whether you’re dealing with land acquisitions, property sales, or construction projects, we provide strategic tax advice that maximises your profitability and keeps your business operating efficiently.

Construction Industry Scheme (CIS) Compliance

For contractors and subcontractors in the construction sector, compliance with the Construction Industry Scheme (CIS) is essential. We help ensure your business meets all CIS requirements, from registering with HMRC to handling monthly CIS returns. Our team can also manage deductions and verify payments, ensuring you avoid costly penalties. By outsourcing your CIS compliance to us, you free up valuable time to focus on managing your projects while ensuring your business is fully compliant with the latest regulations.

Cash Flow Management for Construction Projects

Cash flow management is crucial in the property and construction industry, where large projects often require significant upfront investment. Delays in payments from clients or unexpected project expenses can strain your finances. Our expert accountants provide detailed cash flow forecasting and management services that help you maintain liquidity throughout your projects. By monitoring your cash flow and implementing effective financial strategies, we ensure you have the funds necessary to complete projects on time and within budget.

VAT Advice and Compliance

VAT can be particularly complicated in the property and construction sector due to varying rates and exemptions, especially when dealing with new builds, renovations, or mixed-use developments. Our VAT experts provide advice on the correct VAT treatment for your construction projects, ensuring compliance with HMRC rules and avoiding costly errors. We handle everything from VAT registration to preparing and submitting your VAT returns, ensuring your business is compliant while optimising your VAT position.

Accounting for Property Investment and Development

Property developers and investors face unique financial challenges, from managing development costs to understanding the tax implications of buying, holding, and selling property. We provide bespoke accounting services for property investors and developers, including tax-efficient structuring, profit projections, and assistance with financing options. Our team offers expert guidance on managing capital gains tax (CGT), inheritance tax, and stamp duty, helping you maximise your returns on investment while staying compliant with tax regulations.

Project Cost Control and Budgeting

Keeping a construction project on budget is essential for maintaining profitability. We offer project cost control and budgeting services to help you track expenses, monitor cost overruns, and manage unexpected financial challenges. By providing detailed financial reports and forecasts, we enable you to make informed decisions throughout the project lifecycle, ensuring that your construction projects remain profitable.

Financial Reporting and Management Accounts

Accurate financial reporting is crucial for any business in the property and construction industry. Our team provides timely, accurate management accounts and financial reports, giving you clear insights into your business’s financial performance. We track key metrics, including profitability, cash flow, and project costs, providing you with the data you need to make strategic decisions and drive business growth.

Payroll Services for the Construction Industry

Managing payroll for construction workers, contractors, and subcontractors can be complex, particularly with the added responsibility of CIS deductions. We provide comprehensive payroll services tailored to the needs of the construction industry, ensuring your team is paid accurately and on time. We manage all aspects of payroll, including tax deductions, pensions, and CIS reporting, freeing you from administrative tasks and ensuring full compliance with employment regulations.