Construction in accounting involves tracking financial transactions for building projects, including costs, budgets, and progress reporting.
At The Cloud Accountants we are experts in construction, which can be a complicated industry to operate in.
We have experience in dealing with numerous contractors across the UK, providing taxation advice specifically regarding the Construction Industry Scheme (CIS).
It is important to note that CIS rules still apply even if your business is based outside the UK, but you carry our construction work as a contractor or subcontractor in the UK.
Talk to our team to find out how we can help you with CIS and let us take the hassle away from you.We can help you with:
- HMRC registration
- Ontime payments within CIS and avoid penalties
- Keep you accounts in order
- Updating you with any changes to CIS
There can be numerous trades involved in construction, which include:
Bricklayers
Carpenters
Demolition and dismanting
Electricians
Groundworkers
Plumbers