Construction and Property

Construction

The financial reporting and tax landscape can be complex in the property and construction sector and it is vital you have your affairs in order

Construction

Our team of specialists works with you to ensure you are fully compliant, structured in the most strategic way and making your submissions on time. The strategic side of the business can often be overlooked in favour of a compliance only approach, but in the construction sector more than many others there is much to be gained from a structured approach to your business set-up. 

The structure of your business is crucial - consider separating the risk of developments into different companies and keeping developments and contractor services separate.

Our Partners and personal tax consultants can also advise you on the individual aspects of your affairs such as income from personal lettings, planning for retirement, Inheritance Tax strategies and even the use of SIPP's and other pension provisions through Lovewell Blake Financial Planning. If you have income from property lettings, consider our Landlords section for further guidance.

Different because you are

We pride ourselves on providing individually tailored services to our clients. Whatever your aspirations and priorities in business and life, we will be by your side with expert advice from local specialists. It is because your needs are unique, that the solutions we provide are distinct and personalised to you.

  • Local accountants who understand your business and community
  • Partners who will advise you on business structure and risk reduction
  • Close working relationships with banks and other lenders
  • Administration of payroll and the CIS scheme
  • A team of VAT and tax specialists ready to help whenever needed

We have been working with the local property and construction sector for over 160 years. To learn more about how we can help, consider our full range of services or get in touch to speak to one of our local Partners or Managers.

Client of Lovewell Blake - Builder
I trust Lovewell Blake to take care of my accounts, tax, VAT submissions and CIS returns but more than that it is the understanding and support I receive from my accountant which sets the service apart.
Andy P, Norfolk

Construction and Property Articles

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VAT considerations for construction projects

In-depth guide
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Key partners and staff

Gary Flatt, Partner for Lovewell Blake

Gary Flatt

Partner
James Shipp, Partner for Lovewell Blake

James Shipp

Partner

Simon Watson

Partner

FAQs

Why does a construction company need an accountant?

Construction companies can very easily generate accounting profits, on which tax will be due, whilst cashflow remains tight. By the nature of the work done, profits may not equate into cash until the end of a project but without consideration of work in progress valuations, you could need to pay tax earlier. And don't forget that you will need to report your trading performance to HMRC annually, which will reuqire accounts and a tax return.

Can Lovewell Blake offer my construction business financial risk advice?

Yes, we can advise on whether you should strcuture your business in a limited company or as an unincorproated entity. A limited company can provide an extra layer of legal protection, but be careful to undersand the extent of this protection and the additional costs involved with opperating a company. Take time to ask questions and fully understand this crucial area of business ownership.

What can Lovewell Blake offer my construction company that other accountants cannot?

Our Partners will be your main point of contact, responsible for your affairs and getting to know you and your business. Unlike other local firms with a similar approach, though, our Partners have access to our teams of tax specialists. Maybe you have a complex enquiry on SDLT or VAT. Or maybe you want to strucure your properties with inheritance tax in mind, our Partners are supported by experts in their field whilst still providing the personal service you expect from Lovewell Blake.

Wide-ranging tax planning and compliance services for individuals seeking advice and guidance from our team of experienced and highly qualified professionals.

Friendly and coherent advice and guidance on accounting and tax matters for small business owners including those starting out for the first time.

Established businesses requiring accounting and tax compliance services, forward thinking tax planning advice and the support to help your business succeed.

Our full range of enhanced corporate services aimed at large companies and those requiring audit, assurance, corporate tax advisory and diverse tax planning services.

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