Accountants for Construction

Item: Accotax
Rating: 5
Author: Kalvin

Looking for specialised accountants for construction? Your search is over. At Accotax, we’re not just accountants, we’re construction accountants with experience in dealing with the unique challenges of the construction industry.

From CIS compliance and project-based costing to cash flow forecasting and tax efficiency, we help builders, contractors, developers, and building firms throughout the UK stay financially resilient and future-ready.

Whether you’re a growing contractor, a property developer, or a multi-million pound construction enterprise, we offer our accounting solutions to fit your business like a glove. Your construction business is built on precision, your accounts should be too.

Construction Business Accounting Expertise

From sole traders and SME contractors through to large construction firms, we have supported businesses just like yours to overcome compliance hurdles issued by HMRC, maximise tax efficiency, and maintain healthy cash flow even when payment terms are hard.

Let us handle the figures while you focus on delivering projects on time and on budget. Our team of construction accountants understands retention payments, stage billing, subcontractor management, and the unique financial pressures of construction.

Ready to work with accountants who know construction as well as you do? Book a free consultation with us today.

What to Expect from Our Construction Accountants?

With our dedicated team of accountants for construction, you gain industry-specific expertise that means better financial outcomes, fewer headaches over tax, and more time to grow your business.

From capital allowance claims on qualifying assets to R&D tax credits on innovative methods of construction, we leave no stone unturned in finding every legitimate way to minimise your tax burden.

We take full ownership of your financial transactions, from invoice processing and job costing to payroll and VAT returns. This means you can focus on speedy construction and delivering projects while we make sure every penny is accounted for, tracked, and working harder for your business. We equip you with clear, actionable reports to track project profitability, manage cash flow, and plan for growth.

Smart Tax Planning By Our Construction Accountants

Every construction business is under pressure on margin, so we’re committed to minimising your tax liability through wholly legitimate, HMRC-approved strategies.

From reverse charge VAT through to IR35 reforms, the regulations keep on coming. We’ll make sure your business structure is the best possible from a tax perspective.

We’ll guide you through the really tricky areas like domestic reverse charge, and we’ll give you clear, actionable advice about the big calls, like buying new equipment, expanding your operation, or planning for succession.

See Our Packages

FAQs - Accountants for Construction

What is the Construction Industry Scheme (CIS) and how does it affect me as a contractor?

Under the CIS, contractors must deduct tax from payments to subcontractors working in construction and report monthly to HM Revenue & Customs. The scheme applies even if you are a “deemed contractor” spending over £3 million on construction in a 12-month period.

How can I minimise tax in my construction business legitimately?

Our specialist accountants will explore capital allowances on qualifying plant & machinery, reliefs for R&D (if you innovate), optimum business structure (company vs sole trader), the impact of VAT reverse charge, and scheduling income/expenses for tax efficiency.

What is the VAT domestic reverse charge in construction and when does it apply?

The domestic reverse charge for construction services means the recipient (the customer) accounts for both the output and input VAT rather than the supplier charging VAT. It affects many services within the construction industry from March 2021.

Should my construction business be a limited company or operate as a sole trader?

It depends on size, risk, profit, growth and exit plans. Our specialist accountants will assess whether a company structure offers better tax treatment (e.g., corporation tax), liability protection and possible succession planning versus being a sole trader or partnership.

What are the main tax reliefs or allowances that construction companies often miss?

Reliefs may include R&D tax credit (if you are innovating construction methods), capital allowances for qualifying plant/machinery, CIS refunds, and the correct offsetting of retention monies and WIP. Our specialist accountants will ensure you don’t miss these.

What should I look for when choosing an accountant for my construction business?

Look for someone who: specialises in construction accounting, understands industry contracts and retention, uses accounting software suitable for contractors, offers proactive advice (not just compliance) and has experience with your size of projects.

How do retention payments affect my accounts and tax planning?

Retention monies are sums held by the client until work is fully completed and may not be released for months. They affect cash-flow, balance sheet reporting and tax timing. Our specialist construction accountants will advise how to treat them in management accounts and for tax.

Can subcontractors claim rebates or benefits under CIS?

Yes. If they are registered under CIS they may have tax deducted at the standard rate (20%) rather than higher (30%). Also, if over-payments have occurred they may claim refunds. Verification and correct record-keeping are essential.