How self-employed workers were impacted in the Autumn Statement 2023
In this article we look at the changes from the Autumn Statement 2023 that will affect self-employed workers and what these changes mean.
Architects & surveyors
To provide truly effective business advice and support, you need a team with plenty of relevant experience.
We have experts that have specialised in advising the professional sector for many years and work with a large number of architect practices. Our property sector team also has extensive experience in every aspect of the property market, including investment in residential or commercial land and buildings.
A positive outlook for architect firms
Demand for construction is not set to waver over the next five years, despite current increases in demand, surging activity, and economic recovery creating supply chain issues. As the economy begins to recover, consumer confidence and expenditure are expected to accelerate industry revenue growth to a compound annual rate of 4.4%.
The technology available to architects also presents some exciting opportunities, allowing architects to meet growing consumer expectations, manage data more effectively, increase their workload, and engage clients in the design process.
We have experienced first-hand how niche parts of critical supply chains have responded to changing pressures, and have supported our clients throughout this journey.
Now, more than ever, having expert financial systems and advice in place is vital for architectural firms to thrive and grow in this sector.
Providing you with all the tools to succeed
Our team of experts can offer a range of services beyond normal compliance work, including:
- insight-led strategies from teams with a significant depth of cross-sector knowledge
- objective and practical audit and assurance services
- outsourcing services – from bookkeeping and payroll to a fully outsourced finance function
- designing share options and growth shares schemes
- VAT guidance
- selling your business
- advising on and integrating into your business the right accounting software and business systems
- employment law and HR solutions that work for your business
Whether you’re a small, medium, or large architectural firm, we can support you through all financial and compliance matters – and advise you on growing your firm profitably.
Advising on LLP and limited company conversions
We were one of the first accountancy firms to take on limited liability status, and started trading as a limited liability partnership (LLP) from 1 April 2004.
Since then, we’ve helped many professional services practices to convert to LLP status.
As an LLP, you combine the benefits of limited liability with the flexibility of organising your internal structure as a traditional partnership. You have the same tax rules as a partnership, you can secure bank borrowings on debtors, and you can create a more corporate structure with its own assets and subsidiary companies.
There’s a lot to consider when setting up an LLP – such as engagement terms, profit sharing and exit strategies. We can help you through the process, making it as smooth as possible for everyone involved, including partners, employees, bankers, clients, landlords and suppliers.
Alternatively, conversion to a limited company might be more appropriate for your practice. You might be attracted by the extra credibility that corporate status can bring, or by the ability to pay dividends to shareholders or set up an approved pension scheme. We can advise you on the implications, and help you with all aspects of conversion.
We can help
Contact us today to find out more about how we can help you
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