Construction services

As you would expect, we provide all of the traditional compliance services  including audit and accounting, corporate and personal tax and payroll services.

Some of our specialist construction services are detailed below:

Research and development (R&D) tax relief
Our R&D team, comprised of engineers (structural, civil, electrical and mechanical), scientists and IT consultants, has obtained tax credits for construction companies where they have used technology in new building materials, green and eco-housing, and new construction processes techniques. We have successfully claimed for many construction and demolition businesses with a 100% success rate. Our fees are contingent upon a successful claim for tax savings and we happily give second opinions where you are already claiming R&D tax credits.

Capital allowances
Many of our construction clients operate plant and machinery which can attract tax deductions, first year allowances and enhanced capital allowances. We may be able to help to significantly improve and minimise any tax liabilities.

VAT
There are many ways of reducing VAT costs for residential construction projects, yet the reliefs available are frequently overlooked or misunderstood. The 0% or 5% VAT rates can apply to construction / conversion / renovation services and building materials in a wide range of circumstances, resulting in very substantial savings. 

Construction Industry Scheme (CIS)
The CIS is often an issue for property developers and related companies, both in determining when the scheme needs to be operated and compliance issues from the operation of the scheme. Our team has a wealth of experience and can advise on issues such as:
 
  • definitions of mainline and deemed contractors;
  • does the work fall within HMRC’s definition of construction operations;
  • registration for overseas companies;
  • appeals against loss of gross payment status;
  • online filing of CIS returns.

Corporate finance
Raising finance for speculative projects in this sector is always a challenge, but through our strong relationships with financial institutions, we have helped property professionals seek finance from banks and equity providers for a wide range of purposes. Our team also advises on succession planning and exit strategy including management buyout or trade sale.

Litigation support
The construction sector is one of the most litigious, resulting in many disputes. We assist with loss claims, provide an objective evaluation of evidence, focus on core issues, and report on it accurately.