Construction is one of the most important sectors of the economy in terms of output and employment. Many industries, such as cement, iron and steel, and ready-mixed concrete, are directly affected by the state of construction, so developments in the sector are felt across the whole economy.
From residential, commercial and industrial buildings to specialized projects such as roads, bridges, dams, ports and airports, construction work often spans more than one year. Because a contract may start and finish in different accounting periods, when and how profit is reported requires careful assessment from both a tax and a financial reporting perspective.
We support businesses in this sector in particular with:
Construction businesses above certain thresholds are subject to independent audit. We can help you at every stage, from project planning to financial reporting.