Why choose Duncan & Toplis?
Due to the rising pressures within the highly competitive property and construction industry, the need for specialist support to improve and maintain business strength is at an all-time high. As leading accountants in the East Midlands, we pride ourselves on our expert sector knowledge that enables our property and construction clients to maximise the value of their projects despite the complex compliance and regulations in place. Our team understand the key challenges faced by businesses within this sector, meeting the demand for highly commercial accountancy support and tax advice.
Domestic Reverse Charge
From 1 October 2020 a domestic reverse charge is being introduced for specified business-to-business supplies of construction services.
The strategy taken by construction businesses to achieve objectives in terms of cost, duration and profit requires careful consideration, particularly since the recession due to the rise in capital outlays and competition affecting bidding prices. This has placed higher emphasis on the need for better project/business cash flow projections, to eliminate the risk of loss and support the financial needs of businesses within such a competitive and complex market.
Landlords are experiencing restricted higher tax rate relief on mortgage interest payments, which is causing tax liability to significantly increase per year for buy-to-let. Seeking help from a financial expert can help reduce the impact of the higher taxes through careful tax planning, to guide landlords through the changes, grow revenue and maximise profitability.
Whether you are a family-owned business or an international household name, our full spectrum of services are tailored to your specific needs and centred around your key objectives. From tax and VAT advice, to profitability and optimising cash flow, our property and construction accountants and tax advisers are ready to help you improve your business operations and grow to your full potential, while removing obstacles from the challenges you face.