Building & Construction Accountants
Having an expert building & construction accountant is essential to the success of your business. The construction industry has some unique accountancy and tax requirements. At Friend & Grant, our team of expert advisers will get to know your business to optimise cash flow and give advice on structure, planning and profitability.
Our current building and construction clients range from contractors and tradespeople to family-owned businesses and large construction firms. Our team of experts can help you to protect your business and keep on top of the industry’s common requirements.
As specialist accountants for construction, Friend & Grant will help you take care of the following;
- Structuring — we will help you to find the perfect structure for your business.
- Raising Finance — we have the expertise to ensure that you secure the finance to drive your business forward.
- Tax efficiency & VAT legislation — our tax team will proactively find ways that you can save tax including advice on CIS (Construction Industry Scheme).
- Accounting — your accounts are a key part of how you (and others) can measure your business success. We can ensure that you meet requirements and provide specialist cloud accounting advice and training.
- Audit — the many variables of auditing of a building and construction company requires an expert eye,
- Project accounting — with various projects and costs associated with them, it is imperative to complete individual project accounting correctly.
How Can I Protect My Building & Construction Business?
Take a look at our video on how to protect your construction business. This video includes the seven actions all construction business owners need to take to protect businesses. These steps include;
1) Cash flow management — monitor the cash, give your business time to grow.
2) Pricing & contracts — price right and make sure you understand all the terms of your contract.
3) Quality & reputation — excellence in everything you do.
4) Your team and management style — don’t be dictatorial, get your team right.
5) Your business structure — set up more than one company and ring-fence, high-risk activities
6) Growing too fast — don’t take on too much work, get the financing right.
7) Good record-keeping — keep the records straight to avoid problems with HMRC.
The four main takeaways from this video are;
- Build a great legal structure.
- Avoid giving customers too much credit and monitor customer credit rating.
- Keep your books in order.
- Don’t run before you can walk! Be cautious with spending and keep checking cash flow.
Having an expert building and construction accountant who deals with hundreds of construction-related businesses and understands the construction industry is essential to the growth of your business. Contact us today for a 60-minute Discovery Meeting to assess your business needs.
If you are still uncertain why not check out our FREE Business Program specifically for Building and Construction businesses.
