Business Advisors and Accountants for Architects
Owning or leading an architectural practice comes with a number of unique challenges.
If you want to feel at ease, with the confidence that your business consultants and accountants understand the sector you work within and the challenges you may be faced with then speak to BAND.
Ultimately, our objective is to help you overcome commercial and financial obstacles, enabling you to meet your business goals. We provide a wide range of focused services including but not limited to:
- R&D
- Succession planning
- Accounting support and financial management
But don’t worry, there are no “one size fits all” solutions. At BAND, we offer a tailored approach for both design led and delivery architects.
How can we help?
Advisory and accounting services for Architects:
Work in Progress / Fees in Advance Calculation
Strategic management of fees in advance is key to effective resourcing and decision making.
Cash flow management
Mastering your business’ cashflow looking for efficiencies and more importantly where pressure points will hit.
R&D tax credits
Identifying and supporting R&D & innovation tax reliefs for architects, ensuring you make a compliant claim.
Key Performance Indicators (KPIs)
Providing assistance to establish and then report on quantifiable measures of performance to gauge progress against objectives.
Cost & charge rates
Helping to calculate hourly cost rates across your team and set appropriate charge rates for time charge delivery.
Profitability analysis
Providing project overviews to help you establish individual and collective performance against target.
Benchmarking Analysis
Reporting on key metrics against your competitors in order to identify internal opportunities for improvement.
Succession planning
Assisting you to assess your most appropriate options for exit and incentivising your senior team.
Contract review
Reviewing appointments and commercial arrangements to control and minimise risk.
Project Advisory
We are frequently asked to assist with ad hoc advisory work including setting up Joint Venture vehicles for specific projects (UK and overseas). We also regularly advise on withholding tax implications for overseas projects and various post and pre Brexit VAT issues based on place of supply rules and structuring of overseas branches.
Software Assistance
Whatever software is used the primary motivation has to be able to facilitate reliable reporting that can be used as part of the wider management strategy of the business, facilitate addition fee requests and facilitate robust fee proposals. If your software doesn’t currently do this for you we can help you either look for alternatives or work with your current package to deliver better results.
