Stoke is about thirty minutes north of us up the M6.
We work with construction limited companies turning over between £500,000 and £5 million. Construction is all we do, which means we are not learning how CIS works on your time.
Refurbishment and strip out
A large share of the building work in north Staffordshire is done to buildings that already exist rather than new build. Refurbishment, conversion, strip out and demolition. All of it sits inside CIS, but the money coming in is often more complicated than the money going out.
Scrap and reclaim income gets accounted for badly
Almost every firm doing strip out has a second revenue stream in steel, copper, cable, lead, brick and reclaimed timber. It is income, it is usually taxable, and it very often never makes it into the books properly. That is a real risk on an HMRC enquiry and it is also money you are not seeing in your job costing.
Asbestos removal is in, surveying is arguably not
Removal is part of stripping a building out before it is worked on, which puts it in the site preparation and demolition side of the scheme. Surveying is a different animal. Firms that do both should not be applying one treatment across the board.
What we handle
The same work wherever you are, and all of it built around construction rather than adapted for it.
- CIS accounting and returns, from verification through to the year end reconciliation
- Construction VAT, including the domestic reverse charge and end user status
- Payroll, run alongside CIS rather than separately from it
- Job costing, so you know which contracts made money while there is still time to act
- Cash flow forecasting built around retentions and payment terms
- Year end accounts and Corporation Tax
Not sure whether your work is inside the scheme?
Around a third of the trades we cover sit outside CIS, and most of them have been having deductions taken for years without knowing. Have a look at the trades we work with and find yours, or book a call and we will tell you either way.
Areas we cover
We work across the whole of the UK. These are the areas closest to the office, where we do the most work and where you can come in if you would rather sit down with somebody.
- Construction accountants in Cannock
- Construction accountants in Birmingham
- Construction accountants in Wolverhampton
- Construction accountants in Walsall
- Construction accountants in Stafford
- Construction accountants in Lichfield
- Construction accountants in Telford
Common questions
Do you cover north Staffordshire?
Yes. Stoke is about thirty minutes up the M6 from us, and we work across the whole of the UK anyway. Everything runs on cloud accounting so location is not a constraint.
How should scrap and reclaim income be treated?
As income. It is taxable, it needs to be in the books, and it needs to land against the job it came off so your margins are real. Undeclared scrap income is one of the things HMRC looks for in this trade, and leaving it out also hides which contracts actually made money.