How Construction Accountants Are Addressing Rising UK Project Costs

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Mon, 10 Feb 2025 10:49:00 +0000
Blog

The UK construction industry is contending with a challenging economic climate of persistent inflation, high interest rates, and rising living costs — all compounded by emerging trends like sustainability and digital transformation, alongside regulatory changes and skilled labour shortages. This complex interplay of factors increases project costs and forces many businesses to scale back activities, resulting in project delays and lost revenue.

Strategic financial planning with construction accountants can help you overcome those challenges. Read on as we share how our professional accountants can help your construction company stay on top of its finances and ensure compliance with changing industry regulations.

Your financial advisor

We’re not just specialised accountants — we can be your risk analyst and financial advisor, providing tailored solutions to maximise your income potential. At Grant-Fisher Accountants, our team implements meticulously crafted business plans to improve your profit margins. We understand the volatility of property markets, so we want to help you make the most of your resources to mitigate risk. As your accountant, we will conduct relevant comparative studies, fund optimisation reviews, and tax structures to make your work more rewarding.

How a construction accountant works

Construction accountants can tackle any property-related task, no matter the scale of the transaction. Whether you’re concerned with taxation or revenue generation, we will provide the reports and analytics to support your decision-making. Our involvement will allow you to focus on your business while we take care of your financials through services such as:

Capital gains maximisation and implications

VAT planning

Stamp duty/land tax

Financing property transactions

Allowances (claims, reliefs, reviews)

Treatment of tax relevant to renewable projects or renting

Inheritance and estate tax planning

Cash flow management

Project planning

Funding

Payroll

Project management expertise

Our construction accountants are adept at project management, so they can track expenses against your budget and catch cost overruns promptly. If we find something wrong, we will inform you and work with you to take corrective actions.

Get in touch

Don’t let rising project costs in the UK distract you from completing projects on time and expanding your business. Let Grant-Fisher Accountants manage your finances so you can dedicate your energy to your construction business. Book a free initial consultation with our construction accountants today by calling +44 747 643 2463.