Construction

In the world of construction, accounting plays a crucial role that's different from other industries. With ever-changing regulations, like the VAT domestic reverse charge and Making Tax Digital, and the complexities of the Construction Industry Scheme (CIS), having an accountant who understands these challenges is essential.

At CJK Accountants, we specialise in construction accounting and know what it takes to navigate the unique financial requirements of the industry. We're here to support you so you can focus on what you do best – building and serving your clients.

Building a Solid Foundation

We believe in laying a strong foundation for your construction business. Our expert team can provide guidance on business structuring, optimising cash flow, tax planning, and finding the right structure to enhance the profitability of your construction or property enterprise. With our help, you can ensure compliance with regulations, stay on top of changes, and keep growing your business.

Understanding the Construction Industry Scheme (CIS)

The Construction Industry Scheme (CIS) covers a wide range of construction activities, from plumbing and roofing to electrical work and building projects. If you're a contractor, it's important to register for CIS and make the necessary payments to HMRC. As a subcontractor, if you are not registered with HMRC then higher deductions may be applied. We have in-depth knowledge of CIS and can provide you with the guidance you need to navigate the scheme effectively and make informed business decisions that boost profitability.

Managing Work-In-Progress (WIP)

Work-In-Progress (WIP) is the value of work that's been completed but not yet invoiced. Calculating WIP and aligning costs can be challenging, but we're here to help. Our construction accounting experts can advise you on the best practices for equipment purchase or rental, allowable expenditures, and strategies to minimise your tax liability. With our guidance, you can stay on top of your financials and make the most out of every project.

Choose CJK Accountants for Construction Accounting

At CJK Accountants, we're passionate about supporting construction businesses like yours. We understand the unique needs and challenges you face, and we're here to make your financial journey easier. Cole is ready to assist you with expert advice and personalised solutions. Contact us today to discuss how we can help you achieve financial success in your construction business.