Accounting Services For
Construction Companies
Construction Accounting Services in London
Managing finances in the construction sector can be difficult due to intricate tax regulations, and the requirement to manage numerous subcontractors. Our team of construction accountants provides clear, practical solutions to help builders, contractors, and construction companies in London and across the UK.
Affordable Accounting Solutions for Construction Companies
We provide cost-effective accounting services for the construction sector, supporting self-employed contractors, small and medium-sized businesses. Our focus is to simplify accounting, reduce tax liabilities, and improve cash flow.
Why Choose Our
Experienced Construction
Accountants
Expert Construction Accountant
With years of experience, we specialise in CIS compliance and Reverse Charge VAT, helping construction businesses stay fully compliant.
Timely VAT submissions
We take care of your VAT returns, making sure everything is filed correctly and on time, so your business stays compliant and avoids costly penalties.
Tax Return Filing for Directors
We prepare and submit Self Assessment tax returns for company directors, ensuring salaries, dividends, and expenses are correctly reported.
Business Bank Account Assistance
We help you choose and open the right business bank account. Your records stay tidy and organised, including retentions and applications for payment.
Assistance With CIS Refund
We guide you to reclaim overpaid CIS deductions, ensuring your expenses are accurately accounted for and helping you secure your refund as quickly as HMRC processing allows.
Cost Effective Accounting Services
Our services are designed to meet the needs of your construction business, ensuring transparency with no hidden fees.
We offer affordable and
Transparent Pricing
We believe in fair, upfront pricing. Our packages are designed to suit construction businesses of small and medium sizes, whether you need full-service accounting or specific support with CIS, VAT, or payroll. You only pay for the services you need.
Claim Your Free Trial! Book a Free Consultation.
If you’re looking for reliable, experienced accountants to support your construction business, choose swiftacc. Try us free for 2 months- no strings attached, no catch. We’re confident in our expertise, and we want you to experience us risk-free.
Our Construction
Accounting Services
01.
Accurate
Bookkeeping
Our bookkeeping services include reconciling accounts and providing clear insights, so you always know where your business stands.
02.
VAT Return
Preparation
Our VAT return service ensures full compliance for construction companies. We accurately prepare and file VAT returns within the deadlines.
03.
CIS Filing
Service
We handle all aspects of CIS, from verifying subcontractors to submitting monthly returns, ensuring that your business complies with HMRC regulations.
04.
Payroll
Services
We provide payroll services for employees, ensuring accuracy and full compliance with the HMRC requirements.
05.
Year-end accounts
& Tax filing
Our team prepares your year-end accounts, making sure they reflect the true financial position of your business. We also handle your Corporation Tax filing, ensuring compliance and identifying any potential savings.
06.
HMRC compliance support
We help your business with all relevant tax regulations, including CIS, VAT, and payroll. Our experienced team offers continuous assistance to help you stay compliant with HMRC requirements.
Who We Work With?
We Work With
Our goal is to support our clients’ success at affordable price. We will not only take care of your accounting needs but also offer valuable insight and guidance to advance your Business.
Frequently asked
questions
How do I register for CIS?
To register for the Construction Industry Scheme (CIS), you need to either register online through the Government Gateway if you’re a subcontractor or complete a paper form CIS301.
What are the tax implications of CIS for subcontractors?
Under CIS, contractors deduct tax from payments made to subcontractors at either 20%, 30%, or 0% depending on whether you’re registered or not. If you’re registered, you’ll be taxed at 20%, and the deductions are sent to HMRC.
What is job costing in construction accounting?
Job costing in construction tracks costs for specific projects by allocating expenses like labour, materials, and overheads to each job to monitor profitability and manage budgets.
How is VAT applied in construction?
In construction, VAT is typically 20%, with a 5% reduced rate for certain renovations and a zero rate for some new builds. The VAT reverse charge may also apply, transferring VAT responsibility from the supplier to the customer.
What is the completed-contract method?
The completed-contract method recognizes income and expenses only when the contract is finished, typically used for long-term projects.
