Accountants for the Construction Industry

Excel Accounting Solutions specializes in providing accounting and financial services tailored to the construction industry. We understand the unique challenges faced by contractors, builders, and developers, from managing fluctuating cash flow to ensuring compliance with tax regulations. Our goal is to help construction businesses stay financially secure and focused on building their future.

CIS (Construction Industry Scheme) Compliance

• Registration and compliance with CIS requirements.
• Preparation and submission of monthly CIS returns.
• Ensuring proper deduction and payment of subcontractor taxes.

Tax Planning and Compliance

• Expert advice on income tax, VAT, and corporation tax.
• Preparation and submission of tax returns.
• Assistance with claiming allowable expenses such as materials, tools, and travel.

Cash Flow Management

• Monitoring cash inflows and outflows to ensure liquidity.
• Preparing cash flow forecasts to manage project budgets effectively.
• Identifying areas to reduce costs and improve profitability.

Bookkeeping and Record-Keeping

• Accurate recording of invoices, expenses, and payments.
• Organizing receipts and documentation for tax purposes.
• Providing regular financial reports to keep you informed.

Payroll Management

• Managing PAYE and National Insurance contributions for employees.
• Handling payroll for subcontractors under CIS.
• Ensuring compliance with pension auto-enrolment requirements.

VAT Advice and Returns

• Assistance with VAT registration and compliance.
• Preparing and submitting VAT returns.
• Advising on VAT schemes specific to the construction industry, such as the domestic reverse charge.

Project Costing and Budgeting

• Helping you track project expenses against budgets.
• Providing insights to improve project profitability.
• Advising on cost management strategies.

Contractor and Subcontractor Support

• Setting up contracts with clear financial terms.
• Managing payments to subcontractors, including CIS deductions.
• Assisting with disputes over payments or claims.

• Industry Knowledge: Our team understands the complexities of the construction industry and provides tailored solutions.

• Proactive Approach: We identify potential financial issues before they become problems, helping you stay ahead.

• Compliance Assurance: We ensure your business meets all regulatory requirements, reducing the risk of penalties.

• Personalized Service: Every construction business is unique, and we tailor our services to meet your specific needs.

• Regular updates on changes to tax laws and regulations affecting the construction industry.

• Support in preparing for HMRC audits and inspections.

• Access to detailed financial reports to help you make informed decisions.

Let us help you lay the foundation for financial success. Contact us today to discuss your accounting needs.