Specialist accounting for growing UK construction businesses
Construction businesses face unique financial challenges. From monitoring project costs, including labour cost tracking to navigating complex regulations and taxes.
UK construction industry regulations
The UK construction industry operates under unique tax and regulatory frameworks that require specialised accounting knowledge, including:
- Construction Industry Scheme (CIS) compliance, including monthly returns
- VAT domestic reverse charge
- Making Tax Digital (MTD) requirements
- Capital allowances for plant and machinery
- IR35 determinations for contractors
Why construction companies need specialised accounting?
- Project-based accounting: Track revenue, expenses, and profitability for each individual project
- Job costing: Accurately measure labour, materials, equipment, and overhead costs
- Contract management: Navigate complex contracts and payment terms
- Retention management: Track and account for retained payments throughout a projects lifecycle
Our construction accounting services
Financial management
Access customised financial analysis and performance services:
- Comprehensive cloud-based accounting systems
- Cash flow forecasting and management
- Financial statement preparation and analysis
- Project profitability tracking
- Construction-specific KPI tracking and reporting
Tax planning & compliance
Navigate complex construction tax requirements with our specialised expertise:
- Construction-specific tax planning strategies
- VAT accounting for construction industry
- CIS (Construction Industry Scheme) compliance
- Capital allowances
Payroll & labour management
Manage your workforce effectively with our specialised payroll services:
- Multi-site and multi-project payroll management
- Subcontractor verification
- CIS deductions and reporting
Strategic business advisory
Grow your construction business with strategic financial guidance:
- Business structure optimisation (sole trader, limited company, LLP)
- Profit improvement strategies
- Cashflow management for construction projects
- Growth planning and financing options
Tired of construction accounting headaches?
Contact us to discuss how we can help your business improveprofitability and remain compliant.
Contact us