Sectors

Construction.

Building a better business future.

Construction sector.

Our team of construction sector specialists regularly advise a wide range of corporate and owner managed businesses, from large civil engineering contractors to specialist craftspeople. Tax planning and cash flow management are common issues, with HMRC known to have a particular focus on this sector.

Our team.

Working with a specialist team of professional advisers can help you with all aspects of tax and accounting planning which relate to the construction sector. From auditing and payroll to raising finance and group reorganisations, we have experienced specialists who can look after all your financial needs.

Sector specific services

Accountancy

With specialist advisers in each of our office locations, we have a strong understanding of the issues facing businesses and individuals operating in the construction sector, as well as a good insight into local markets and regional issues. We provide strategic business planning advice in relation to all aspects of the construction industry.

In addition, we have experienced teams who can provide you with advice on:

  • The preparation and submission of annual accounts
  • Cloud accounting solutions which can provide you with real time information and help you meet your Making Tax Digital obligations
  • Company secretarial services, for example preparation and submission of Confirmation Statements
  • Preparation of Service Charge accounts
  • Preparation of management accounts including detailed reports and forecasts
  • Preparation of VAT returns or support through investigations
  • Book-keeping services

Find out more about our accountancy offering for the construction sector.

Audit

For many companies, the external audit process will be necessary in order to meet statutory and legal obligations and as such can often seem like a regulatory burden rather than anything of value.

At Scrutton Bland we believe that, as well as providing the comfort that a robust audit can give, it is essential to demonstrate to the directors the added value that such a service can bring to understanding their business.

We use the audit process to get inside a business and understand the vision and goals of the Board. Our in-depth knowledge and experience of the sector, over many years, ensures that we are well placed to provide relevant advice and suggest improvements around best practice and efficiency.

In order to effectively audit a company in the construction industry it is vital to understand the processes behind costings and work in progress, and have intelligent conversations around the judgements made. We ensure that these conversations are held by senior members of our team, who will understand your organisation and the decisions that are being made.

Our approach is to add value to your organisation by building an ongoing relationship, and by becoming a trusted adviser we can embed our knowledge and tailor our services to add the very best value we can.

Find out more about our Audit service.

Corporate Finance

Our corporate finance team work with clients at every stage of their business evolution. From new management teams and owners looking for support in financing and structuring new ventures, to established businesses looking to expand or diversify existing operations, our experienced professionals can provide support at every stage.

If you are looking to exit your business through sale or succession, our links into the local and national business networks mean that we are able to help clients to identify potential buyers and guide you through the process from valuation to completion.

We can support you with:

  • Sale mandates
  • Acquisition mandates
  • Tailored due diligence according to your business need
  • Assistance with funding requirements

 

Tax

We regularly work with clients to provide advice on creating tax effective business structures which enable the preservation of a stable business for future generations.

Our tax advisory services include:

  • Stamp Duty Land Tax
  • VAT
  • Corporation Tax
  • Capital Gains Tax
  • Payroll
  • Income Tax
  • Inheritance Tax

Construction Industry Scheme

The Construction Industry Scheme (CIS) regulates the payments made from contractors to subcontractors in the building Industry. It is applicable to anyone who uses sub-contractors and who therefore must declare themselves as a contractor under HMRC rules.

What is little known is that CIS can apply to a wider group than straightforward contractors and subcontractors, such as payments from a property developer to a building contractor and a range of other circumstances.

Under the scheme it is the responsibility of the contractor to collect and pay the correct amount of tax and to maintain an accurate record of the subcontractors who have undertaken work on their behalf, accurately declaring periods worked and payments made, including materials.

Failure to accurately report or missed deadlines can result in severe fines and/or penalties which is why many contractors choose to pass this administration to professional tax advisers.

Our experienced tax team can support you in all aspects of with CIS including:

  • Advice on whether CIS applies
  • CIS registration and compliance
  • Subcontractor payments
  • HMRC disputes and rebates

Find out more about our tax offering for the construction sector.

Get in touch for forward-thinking, impartial advice.

With offices in Bury St Edmunds, Colchester, Ipswich and Norwich, we’re close enough for personal meetings with clients from anywhere across the East of England. Got something on your mind? We’ll be happy to listen and give you our thoughts.

Call 0330 058 6559 or
email hello@scruttonbland.co.uk

A critical friend for clients

At Scrutton Bland, we like to do things differently.

Delivering a complete, comprehensive service that joins the dots across every aspect of your business, our unique team draws on their in-depth experience to help keep you firmly on track. Learn more about their specialist insights and see why we’ve developed a strong track record of healthy client relationships.

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Locations

With offices in Bury St Edmunds, Colchester, Ipswich, and Norwich we’re close enough for personal meetings with clients from anywhere across the East of England. Got something on your mind? We’ll be happy to listen and give you our thoughts.