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.
Construction
Even in the most challenging, competitive, or complicated business circumstances, you can be confident that our financial, tax, and strategic advice is always appropriate and effective.
A team of experts with relevant experience
The construction industry is set to face many significant challenges whilst the global economy focuses on recovery. There are, however, opportunities present in this industry, and despite future growth prospects remaining somewhat conditional on the lasting economic effects of the pandemic, the demand for construction is anticipated not to falter over the next few years.
In the short-term, supply chain disruptions – for varying reasons – are expected to continue tampering with industry revenue, with many contractors fearing that a reduction in government funding could deepen insolvency pressures until the government introduces policy entailing greater access to finance, investment market stimuli, and potential tender opportunities.
Technological advancements are only offering modest growth prospects beyond efficiency gains by lowering the cost of materials and speeding up construction. Additionally, due to changes in home prices, the number of housing starts, mortgage approval rates, and consumer confidence in the domestic market, the industry is subject to significant volatility.
Our dedicated specialists are here to support you
It’s never been more important to have strong financial, tax, and strategic advisors by your side, and our team of experts has long-standing experience working with a range of clients at different stages in their business lifecycle in the construction sector. We can offer services beyond the normal compliance work, including:
- audit services
- bespoke payroll and outsourcing
- tax consultancy
- recovery and restructuring services
- advising upon the design and implementation of business strategies
- due diligence
- advising on the Construction Industry Scheme and Domestic Reverse VAT Charge
- raising finance
- reviewing and implementing a range of business systems and accounting software
- employee options and management
We have experienced first-hand how niche parts of critical supply chains have responded to changing pressures, and have supported our construction clients throughout this journey.
Now, more than ever, having expert financial systems and advice in place is vital for construction firms to thrive and grow in this sector.
We can help
Contact us today to find out more about how we can help you
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