CONSTRUCTION

Although the construction industry is one of the most important in the UK, employing around 1.3 million people nationwide and contributing more than £100 billion to the economy, it is also one of the most volatile sectors. It is influenced by global economic events, trends in property investment and the appetite of governments for launching public infrastructure projects. In that context, accounting for construction companies is as much about business planning and direct advice as provision of the usual tax services.

To stay on top in construction, you’ll need to maintain efficiency and competitiveness which is best achieved through rigorous record-keeping, budgeting and forecasting. Of course that’s easier said than done when you’re reliant on booking contracts and projects, but it can be done with sufficient sector knowledge supported by the kind of smart systems and processes only dedicated construction industry accountants like ourselves have.