Construction accountants know there is no fixed business structure and that their job is significantly more complex than most. It offers a greater range of service categories in engineering, labour, design and material provision.
Unlike conventional businesses, location, transport, material provision and maintenance become an integral part of the cost, with contractors and subcontractors providing direct and indirect costs too. In regular businesses, income and expenses can be easily distinguished, however, in construction, there are unique jobs with precise requirements, therefore, the variety of costs and overheads need to be noted.
Workforces can equally be permanent or temporary adding to the complexities of this sector. This may require you to be more flexible than you actually can be. For this reason, being organised and up-to-date on your employee profiles and payrolls is vital for you to be able to keep up with this fast-paced industry.
The construction industry opens up a whole new world of legalities. It is our job to highlight the legal loopholes whilst complying with regulations such as the Construction Industry Scheme (CIS). Our strong bonds with insurance and surety services; the combination of our experts and strategies for introducing procedures for legal disputes can help you to avoid penalties and protect your rights and company from risks in our cost-saving ways.
As specialised accountants in construction, we pride ourselves on our ingrained methods of tracking, reporting and categorising costs and forecasting expenses and profits. You will then be able to generate successful bids for projects, calculate accurate bills and inevitably improve the cash flow, profitability and competitiveness of your business. To find out more send us a message on our contact form. Tel: 0121 456 1000 Fax: 0121 456 3000 Email: info@atozaccountants.co.uk