This sector is our second most common client type, made up of:

  • Main building contractors,
  • Sub-contractors and tradesmen,
  • Speculative and professional developers
  • Those building up a buy-to-let property portfolio.

Those in this sector tend to be interested in our specialist services relating to:

Compliance Services

  • Start-up assistance (incorporation and tax registrations),
  • Preparation and submission of annual accounts and tax returns.
  • Selecting the most appropriate accounting treatment for retentions and snagging provisions (including taking advantage of HMRC’s helpfully vague view on retentions).
  • Dealing with HMRC tax enquiries, particularly relating to worker employment status.

Outsourced Services

Advisory Services

  • Obtaining CIS Gross Payment Status
  • Running SpecBuild projects in parallel with the main business,
  • Comparing personal and corporate ownership for holding investment properties,
  • Tax planning and other business and finance advice,
  • VAT on property transactions,
  • Minimising the tax on company vehicles,

Construction clients who are fearful that their tax affairs may be enquired into, may wish to consider taking out our tax investigation insurance, before we submit their tax returns to HMRC.

Construction is a sector with unique accountancy and tax requirements. Instruct us to act for you, and rest assured that we will understand your business and look after your best interests. We will be pleased to provide referees, from other construction businesses, once we have received their permission, if you require.

Client Review

When advised that we had found a further opportunity to reclaim CIS tax through his P35 return, the director of a builder client commented "It's great to know I made the right choice in choosing your company to take care of my accounts."

Latest Blogs in Construction
Amanda Newman
30th May 2018 CITB Levy form requirement

It is the time of year when contractors are being issued with their CITB Levy forms, with a completion deadline of 30 June 2018. For those starting in the construction industry the registration process is easily not realised. For the purpose of the construction industry an employer includes those with subcontractors, and therefore the annual…

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Stephen Malkin
1st May 2018 CITB Levy: Changes in calculation basis

Builders will probably now be aware that the basis for calculating how much their annual payment is under the Construction Industry Training Board (CITB) has recently changed:     Old Basis New Basis Levy on employees 0.5% 0.5% Levy on labour only sub-contractors 1.25% 0% Levy on payments to sub-contractors with Net CIS status 0%…

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Chris Ridgeon
25th January 2018 Twin Cab Pick-ups: Uncertainty over future tax treatment.

  For many years now, businesses, particularly builders, have provided their staff with twin cab pick-ups, instead of cars, to take advantage of the more generous tax regime. Such vehicles have previously been taxed as a van, resulting in more favourable capital allowances, VAT, NIC and benefit in kind treatments. The distinction between a car…

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James Cater
4th November 2016 Building Information Modelling

Construction Projects: Use of cloud accounting helps with BIM. Are you part of a construction project team? There is increasing publicity being given to the integration of Building Information Modelling (BIM) into construction projects. Since 4 April 2016, any firm wanting to be considered for public sector construction work has to be BIM level 2…

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Jason Jones
12th August 2016 CIS Administration

Builders: Problems obtaining CIS refunds from HMRC ? Over recent years many limited company subcontractors working in the construction industry have experienced problems and delays in obtaining their CIS refunds from HMRC, due records not matching, i.e. the contractor who made the deduction has not correctly reported this on their monthly CIS returns. Subcontractors who…

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Daryl Smith
19th July 2016 CIS Verification

CIS: Why are our subcontractors now showing as unverified? This is a phrase undoubtedly being heard in the offices of construction industry firms nationwide as HMRC appear to be having some CIS online service verification issues.  Contractors looking to complete their latest monthly return may be logging on to their online services to find that…

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Steve Smith
13th April 2016 Business Credit Rating

Business Credit Rating: Poor rating hurting your business? If there is one positive that has come out of the UK’s double-dip recession, then it is reminding businesses of how important their credit rating is. In many sectors, both suppliers and customers have now re-engineered their processes to routinely look at a company’s credit ratings. Within the UK,…

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Mark Haydon
7th October 2015 Tax Compliance for Builders

Removal of CIS Gross Payment Status: Financial consequences no longer relevant. A recent HMRC appeal (CRC v J P Whitter) heard in the Upper Tribunal overturned a decision made by the First-tier Tribunal to reinstate gross CIS payment status on the grounds of it having a ‘significant detrimental effect on the business’. The Upper Tribunal…

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Ruth Pearson
24th June 2015 CIS Compliance Amendments

CIS: Welcome relaxation in red tape. The government has announced that it will implement a package of improvements to the CIS. The stated aim of the changes is to reduce the administrative and related cost burden on construction businesses. The measures should result in more subcontracting businesses being able to achieve and maintain gross payment…

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Chris Ridgeon
24th September 2014 CIS Compliance

Proposals to Reduce the CIS Tax Compliance Burden on Construction Sector. The Chartered Institute of Taxation (CIOT) has published its response to HMRC’s proposals to introduce mandatory online CIS filing for contractors, amend the gross payment status turnover and compliance tests and improve the sub-contractor verification process. It welcomes the proposals aimed at reducing the…

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