Construction accountants for your business
If you’re seeking financial advice for your business, why settle for anything less than an experienced construction accountant?
While a general firm may help with your routine accounting functions, having the support of a team with industry-specific knowledge is much more beneficial.
Whether you’re an independent contractor, run a small business, or head up a limited construction company, having access to an expert who knows the complexities of your sector can be a lifeline when you need it most.
Handling your tax returns
When you’re busy in your day-to-day, it can be hard to find time to sit down and get a start on your tax returns. Be it your self-assessment, corporation tax return or even your VAT return, the admin work takes time.
Our construction accounting services will take the responsibility of managing your paperwork off your shoulders. We’ll be sure to get a head start on your business’s essential reporting throughout your tax year, ensuring your returns are with HMRC with time to spare.
Because specific VAT rules apply to your industry, such as reverse charges, we’ll be sure to incorporate all of this into your tax planning.
The construction industry isn’t without its challenges. Two of the most significant ones which directly impact your business are the construction industry scheme (CIS) and IR35.
Even one of these by itself can cause complications in your payments to subcontractors if you don’t know how to operate the scheme correctly.
If you have some workers who are part of the CIS and some who aren’t, your payroll becomes a little more awkward as they’ll be taxed differently.
It’s the employer’s duty to make sure that the right amount of tax is deducted and paid to HMRC.
Undoubtedly, also, you’ve had encounters with IR35 legislation before. Again, another process which can impact your payroll and tax obligations. Rather than suffer in silence, work with a specialised construction accountant who will know all about these factors and keep you compliant.
Building your business
Do you have a growth mindset? Well, we love ambition and can help you find ways to take things to the next level.
With appropriate tax planning and financial management, we can help nurture your business and find ways to push you to the next level. Having strict control over your expenditure and payments is the first step. From there, you can set your sights on your next goal.
A specialised construction accountant can be the answer you’re looking for. So get in touch and find out how we can help.