In-Accountancy

Accountancy for Construction Industries

Whether you’re a construction business, a self-employed construction worker, or tradesperson, you’ll probably be aware how difficult it can be to keep on top of your accounts. Finding a specialist construction accountants allows you to focus on what it is you do best. Without having to worry about anything else while at work, or once you’ve clocked off.

Here at IN Accountancy, we’ve got a wealth of experience working with construction businesses, construction workers & tradespeople. Ensuring all their finances are handled efficiently and are fully compliant with government regulations.

Services provided by In Accountancy For Construction Businesses

Operating a construction business isn’t a walk in the park, you’ve got to consider payroll, bookkeeping, CIS, domestic reverse charge VAT, onboarding digital tax platforms and completing tax returns. And this is all before you’ve even thought about managing your day to day staff and workload.

Whatever your situation or the help you require, we’re able to assist businesses of all sizes using our substantial experience within the construction industry. Our services include:

Payroll – we can ensure all your staff & contractors are paid on time, at the right time and with the right amount. Meeting all necessary tax regulations such as PAYE & income tax.

Bookkeeping – keeping your books up to date can make sure you have access to relevant and accurate financial information about your business. It can also help to reduce fees, such as VAT. We’ll manage your bookkeeping and everything that goes into it.

CIS Compliance – we can register your company and sub-contractors for CIS, making sure it’s compliant with government regulations, and advise you when and how you might be able to register for gross treatment.

VAT – we can help to register for VAT, advise you which VAT scheme is most appropriate for your business and meet your annual, monthly or quarterly VAT return deadlines.

Annual accounts and corporation tax returns – as a company, you have the legal responsibility to submit a tax return each year. We make sure it’s completed on time, every year.

Management Accounts Information – we can provide you with a set of monthly or quarterly financial reports to help you track your business’ performance on a regular basis. We can even help you build and monitor additional Key Performance Indicators (KPIs) to ensure you understand your profitability by client, job or staff member, for example.

Cash Flow Forecasting – good cash flow management helps you understand your immediate and upcoming financial commitments and ensure that you have enough cash in place to pay all your liabilities on time. In times of volatility, or indeed high growth, it is essential for every business to stay on top of their cash.

Research & Development (R&D) Tax Credits – if you run an innovative construction firm you may be able to take advantage of R&D tax relief. In a challenging sector such as yours, finding advances, overcoming obstacles, seeking out new material and solutions is an everyday occurrence.

Services provided by In Accountancy for Tradespeople, Contractors & self employed construction workers

Working as a self-employed construction worker or tradesperson can be extremely challenging. Especially when you’ve got the added headache of managing your accounts too.

Using our extensive experience working as specialist construction accountants, we understand the complex nature of the industry. We use this knowledge & experience to provide the following services:

Tax returns – one of the most important aspects of accounting in the construction industry. We can take control of your tax return: what information do you need to provide for a tax return? When does it need to be completed? Who do you pay? We’ll take care of everything.

CIS compliance – we can help you understand CIS, how it works and manage your CIS returns so you don’t have to.

Tax refunds – you could be entitled to many different forms of tax refund, all you need to do is send us your documents and we’ll do the rest.

About IN Accountancy

If we had to sum up how we work here at IN Accountancy, it’d come down to two words: we care.

No matter the industry you operate in, how long you’ve been in business, or where you’re based, it’s our mission to provide exceptional service to help you live an easier, happier life. Our key principles are as follows:

Honesty and integrity: We do what we say we will do. Simple.

Attention to detail: Something you should expect from your accountant!

Friendly and approachable: We want you to feel at ease and well looked after – no such thing as a silly question.

Proactive and responsive: We understand how important communication is to you, and will always respond to you quickly.

Keeping it simple: We take a no-jargon approach and aim to help you understand the numbers that really matter in your business.

Kaizen: Our philosophy is to strive for continuous improvement and empowerment for all.

If you’re looking for an accountants who specialise in the construction industry, get in touch with the team today to book a free consultation & receive a quote.

"IN Accountancy are a perfect fit for our business, as they genuinely care about the results we get, understand our business and work collaboratively with us to achieve success, just as we do with our clients. For technical support, we deal with specialists in each area, from payroll to accounts and tax. And the two Directors provide a pro-active commercial sounding board. They listen to how our business is developing and changing and give us good, honest and straightforward advice. We have and will continue to recommend their service"

Peter Greenhalgh, MD, Brazil Street Ltd