Builders
The building, and construction industry generally, is a sector facing a unique set of financial problems and challenges. We currently act for numerous developers, main contractors and sub-contractors, enabling us to offer the specialist skills to advise in this area.

Typically, builders require advice in the following areas:

  • Obtaining the appropriate CIS card/certificate, and completing all of the resulting compliance paperwork.
  • Managing sales and purchase retentions.
  • Monitoring job costings.
  • Computerisation of accounts and payroll, generally.
  • Ensuring that your self employed sub-contractors are operating practices which protect them from a potential Inland Revenue challenge that they are actually 'disguised employees'.
  • Use of Payment Requests, to delay recognition and payment of VAT.
  • Trading 'v' Capital treatment of land transactions.
  • Making provision for future snagging costs.
  • Managing the uninsured operating risk, and conducting business through the most appropriate trading medium.
  • Tax planning
This industry is notorious for the Inland Revenue to target to open enquiries and other investigations. We prepare all documentation, with this in mind, with all presentational and factual information risk assessed, before being finalised. If such an enquiry is opened, we have a specialist tax team to provide back-up to the lead partner on technical information, procedure and tactics.
Building is experiencing something of a mini-boom at present, and clients need to make adequate provision now for when the next down-turn arrives. This, typically, involves the use of pensions, investment property and appropriate re-investment in the business. As direct tax rates are historically low, now is also the time, where appropriate, to withdraw funds from the business in the most tax efficient manner.

We have identified Builders as a sector requiring specialist knowledge and advice. Why not contact us, for a free initial meeting, to discuss how we can assist you in your compliance obligations and add value to your financial circumstances through sound pro-active business advice.
If you are interested in Accountancy for Builders, please contact us, or allow us to contact you by completing your details below:
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We do not charge for all such initial consultations.
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