Property development, estate agency & construction services

This sector is a substantial one across our region and one where we have a large number of clients, many of whom have fared very well in recent years.

Construction projects are very often high risk. They can present substantial funding requirements and unusual logistical challenges for companies constructing new buildings or undertaking refurbishment and maintenance work. Very often, the lack of skilled resources to manage the risk of project implementation may lead to poor decision-making and ultimately loss making contracts.

Construction contractors are under constant pressure to improve margins, reduce costs and improve profitability which allows them to continue to grow and take advantage of the opportunities which face them. As our geographical area encompassed the 2012 Olympic region we see the number of projects available to our clients growing rapidly over the next few years as the larger national contractors get more involved in these substantial projects. We see this as a major opportunity for so many of our clients to gain a good deal of new business in the coming years but we are also well aware of the potential pitfalls and risks this may bring.

Furthermore, there is the complicated issue of subcontractors, employed versus self employed. The latest CIS rules have placed a new burden on the employee that has significant tax implications.

We can help by

As a firm of Chartered Certified Accountants we can go further. We can offer:

• project and taxation appraisal
• advice on corporate finance opportunities and joint ventures
• profit and loss forecasts, balance sheets and cash flow
• ongoing measurement and re-appraisal against budget
• advice on taxation implications of employed versus self-employed issues with contractors
• outsourcing of facilities for CIS compliance and returns
• advice on VAT options to tax, stamp duty, land tax and environmental taxes