Construction Accountants
As one of the UK’s largest industries, construction faces complex financial challenges due to changing tax rules and economic uncertainty. Our dedicated construction accountants deliver tailored accounting services to help you stay in control of your finances.
CIS
There is a time line for a new client or a new Close Ltd Company for services to be activated. Most owner-managed businesses are close companies, which often requires careful tax planning with an accountant. .
At Barrie Ingram Accounts Ltd, we discuss your business needs as a prime requirement to ascertain when certain activities should become available to you. Discover where you are with your current business journey to save duplication, clarify if there are deadlines inherent already and bring in the most efficient processes just as if you had your own financial director. Making decisions choosing budgets and managing necessary deadlines in order for your business to succeed from this point.
This will make sure your journey keeps pace with regulation and makes use of its available resources.
Sub-Contractors
If the company was to carry out work for a Contractor and not direct for a customer, then payroll and registration would be needed quite soon after incorporation. In some cases this is one of the services to be activated quite early in the contract.
PAYE registration enables the firm to open an account with HMRC and receive an Accounts Office Reference number used to reclaim taxes and PAYE reference number which identifies the Sub-Contractor.
As well as PAYE registration the Companies UniqueTax Reference (UTR) number needs to be activated for the Construction Industry Scheme (CIS) deductions. This can usually be completed online with the use of our agency, when registering for PAYE. Matching is processed when it becomes necessary for you as a CIS Sub-Contractor to be verified by a contractor and deductions made from invoices submitted. This is completed using specialised software, set up to split costs of materials you as subcontractors are claiming and the labour charge that needs Construction Industry Scheme tax to be deducted before subcontractors are paid.
These deductions will need to be reclaimed and as Ltd Company the process is relatively simple but takes certain knowledge to complete the claim along with the right credentials.
Its usually online and our agency gateway credentials make this process swift. We are ready set up and more importantly register as your agent as a priority allowing us to connect with HMRC for and on your behalf with a few clicks.
If the timing is wrong and suitable documentation has not been taken care of, it could delay large sums being withheld. The difference between a successful business and one that runs out of money due to cashflow administration and the ability to keep on top of simple stuff that works. The reclaim also helps net off other taxes such as PAYE, CIS deductions made from subcontractors and Corporation tax.
A point to consider here is that you could quite easily be a contractor and a subcontractor at the same time.
(CIS) Sub-Contractors Construction Industry Scheme
Our services include:
- Submission of the CIS Deductions
- Software management and training
- Documentation compliance management
- Contractors registration setup
- Invoicing to include the CIS payments
- Subsistence and expense management
- Initial & continued registration with HMRC
How Barrie Ingram Accounts can help your
Construction Business
With our Limited Company Package:
Bookkeeping
Barrie Ingram Accounts are fully modernised and in the cloud for our bookkeeping services. So whether you are personally posting transactions, conducting bank reconciliations or preparing invoices, you can do this anywhere on your laptop or phone, or contact us and speak directly to Barrie Ingram. All your bookkeeping needs can be taken care of by us in house, leaving you with the only concern of sending the invoices.
Payroll
At Barrie Ingram Accounts, payroll is essential for timeliness, accuracy, and clear communication with your staff. We need to make sure holidays, annual leave, and sick pay are part of the schedule. The way to do this is through our normal contact methods: email, WhatsApp, call, or text. We can take care of all of this for you, or provide training so you can carry it out yourself, with the software included.
Tax Services
At Barrie Ingram Accounts Limited, we hold the relevant AAT qualifications to fully understand the regulations surrounding self-assessment filings for directors, including dividends, property, investments, and similar income. We also manage VAT submissions and compliance with VAT regulations. Corporation tax and personal taxation are included within our services, giving you peace of mind.
Support & Training
Support and training are essential to the progress of any business. We keep you up to date and provide the necessary training where required. This is particularly beneficial for companies with intensive or specialised needs, such as large payroll requirements or extensive fleet services involving fixed assets and leases, helping to keep you ahead of the curve.
Accounts preperation
The core process of any business is producing timely and accurate financial accounts. These must be filed on time with Companies House, and we provide a secure portal and are a registered agent with HMRC. This enables immediate access and submission, allowing us to take care of the important details while you focus on growing your business.
VAT
VAT is important and needs to be kept on top of. Our online software can be accessed by you or by us almost 24/7. At Barrie Ingram Accounts, we can initiate changes or amend transactions within your VAT accounts in seconds using your preferred contact method: email, WhatsApp, call, or text. Our standard practice is to provide reminders for all VAT due dates.
Bookkeeping
Barrie Ingram Accounts are fully modernised and in the cloud for our bookkeeping services. So whether you are personally posting transactions, conducting bank reconciliations or preparing invoices, you can do this anywhere on your laptop or phone, or contact us and speak directly to Barrie Ingram. All your bookkeeping needs can be taken care of by us in house, leaving you with the only concern of sending the invoices.
Payroll
At Barrie Ingram Accounts, payroll is essential for timeliness, accuracy, and clear communication with your staff. We need to make sure holidays, annual leave, and sick pay are part of the schedule. The way to do this is through our normal contact methods: email, WhatsApp, call, or text. We can take care of all of this for you, or provide training so you can carry it out yourself, with the software included.
Tax Services
At Barrie Ingram Accounts Limited, we hold the relevant AAT qualifications to fully understand the regulations surrounding self-assessment filings for directors, including dividends, property, investments, and similar income. We also manage VAT submissions and compliance with VAT regulations. Corporation tax and personal taxation are included within our services, giving you peace of mind.
Support & Training
Support and training are essential to the progress of any business. We keep you up to date and provide the necessary training where required. This is particularly beneficial for companies with intensive or specialised needs, such as large payroll requirements or extensive fleet services involving fixed assets and leases, helping to keep you ahead of the curve.
Accounts preperation
The core process of any business is producing timely and accurate financial accounts. These must be filed on time with Companies House, and we provide a secure portal and are a registered agent with HMRC. This enables immediate access and submission, allowing us to take care of the important details while you focus on growing your business.
VAT
VAT is important and needs to be kept on top of. Our online software can be accessed by you or by us almost 24/7. At Barrie Ingram Accounts, we can initiate changes or amend transactions within your VAT accounts in seconds using your preferred contact method: email, WhatsApp, call, or text. Our standard practice is to provide reminders for all VAT due dates.
