As the construction industry is one of the most volatile sectors in the UK economy, careful planning and professional advice are essential to maintain the efficiency and competitiveness of your business.
We specialise in working with the construction industry and therefore have the knowledge and experience of helping other businesses that have faced the same challenges as you.
We have many years’ experience of advising both contractors and subcontractors within the Construction Industry. Our team have the skills and expertise necessary to look after all aspects of your business and personal finance.
With output levels in this sector set to grow, according to the Construction Skills Network, you will want your business to be in the best financial health to take advantage of these opportunities. That’s where the team at Abac can help.
As well as advising individuals who wish to start a construction business, Abac can provide a wide range of services designed to keep that business running efficiently and cost-effectively, as well as moving forward.
Our team can take care of your accounts and bookkeeping, as well as all your tax needs, including completing company and personal tax returns and VAT registration.
We are also able to advise on the best structure for your business, how to plan projects successfully and managing your cash flow. This includes examining the:
- Profitability of particular activities
- Likely costs involved and how to manage rising fuel and energy prices
- Potential financial effects of overrunning on a project
- Most appropriate sources of funding
Additionally, our payroll department is experienced in operating the Construction Industry Scheme. We will ensure that the relevant payments are made to any subcontractors and that your returns are filed on time to avoid costly penalties.
This is particularly relevant considering the new penalty regime for late or non-filing of contractors’ monthly returns, which came into effect in October 2011.
Finally, when you wish to retire from the business, we can advise on the most suitable exit strategies and succession planning.