CONSTRUCTION COMPANIES
OUR CONSTRUCTION ACCOUNTING EXPERTISE
We’ve worked with housebuilders, engineers, subcontractors, and tradespeople, ranging from the self-employed to companies with revenue in the millions. So, we really understand the challenges that construction businesses face.
Demolishing construction-specific challenges
Tracking job profitability
Businesses in the construction industry often work on multiple jobs at the same time – with a mix of employed, self-employed and materials costs. Tracking job profitability is key to ensuring ongoing overall company profitability. We use Xero projects or job numbers within the tracking categories feature to achieve this, and combine it with bespoke management accountant reporting.
Keeping tabs on taxes
With the imposition of the CIS scheme and Domestic Reverse Charge, the construction industry faces significant tax burdens. When handled by an expert, both of these are fairly straightforward – but they have nuances that other businesses don’t have to contend with. For clients who outsource their bookkeeping, VAT returns, and payroll to us, we take care of these aspects for them and leave them free to focus on running their business.
Capital expenditure timing
Businesses in the construction industry often need to invest in equipment, machinery, and vehicles. The timing of financing this can significantly impact corporation tax and cash flow. Through our monthly Finance Director service, we’ll help you understand the optimum time to invest in capital expenditures and explore the financing options available. We even support finance applications. We regularly find that the best time to raise finance is before you actually need it.
Reducing sub-contactor risks
Do you regularly use key sub-contractors on an ongoing self-employed basis? As part of our Finance Director service, we help identify and manage the risks associated with sub-contract agreements and particular working practices. So, you can reduce the risks associated with deemed employment.
Reviews
Andrew Wallis OBE
Unseen, UK
As the charity was rapidly growing we needed to improve the financial controls and reporting and then management to ensure we were and remain a well-run and financially knowledgeable organisation. By working with Portt & Co, we achieve this and more. As they are the experts, we don’t have to waste valuable time distracted from our mission as we know they have got our back always.
Warren Madlin
MadlinHanna
Knowing the need we had for a highly personal, flexible and credible accounting partner, a contact of ours put us in touch with Matt Portt. Ever since, there has been no reason to look elsewhere. I see Matt and the team as our safety blanket, making sure we never fall foul of the rules and constantly going beyond the call of duty. I rely on Portt & Co to do what they are experts at, freeing up the time I desperately need to focus on my own expertise and deliver for my clients.
Harriot Pleydell-Bouverie
Mallow & Marsh
Portt & co have been fantastic for us. They started off just doing some basic book keeping for us, which they not only perfected, but went above and beyond and helping recommend areas we could improve / develop. We then brought them on to help us develop our reporting and monthly accounts and help manage all day to day finance – they’ve been instrumental in delivering excellent financial management for the business.
WHO WE SUPPORT
OUR SERVICES
CARBON ACCOUNTING & BOOKKEEPING
Get the accurate and timely CO2 and GHG emissions data you need to reduce your organisation’s environmental impact, meet customer and regulatory requirements, and save money.
OUTSOURCED FINANCE DEPARTMENT
Receive quality financial data that will help you make the best decisions for your organisation – while saving time and worry. Check out our outsourced accounting, bookkeeping, management accounts, payroll and financial strategy services.