Construction work is tricky business. As a builder, you have a big responsibility to ensure the smooth and successful operation of construction projects. With your mind focused on the various aspects of project planning, health and safety and the actual construction itself, you might not have much time left to implement solid accounting and tax strategies.
Allow Archimedia Accounts to help your construction business grow financially so that you can begin to enjoy the fruits of your labour. We’ll take care of your tax returns, VAT, payroll (if you have a team of builders) and the all-important CIS (Construction Industry Scheme) accounting needs.
You can relax knowing your subcontractors are being paid correctly and your construction business fully complies with HMRC rules and regulations.
Ultimately, we are here to see your finances grow as a self-employed builder or the owner of a construction business. We implement solid tax planning sessions that focus not only on your business’s financial goals but also on your and your family’s financial goals.
Contact us today and speak to one of our expert accountants for Builders.
Our accounting services for builders and construction
Whether you’re a self-employed builder, running your own business as a limited company, or simply looking for a bit of advice on where to start, we’ll be able to answer your questions and help you make tax-efficient savings along the way.
We can help you with all areas of corporation tax, VAT returns, payroll and CIS tax.
Let’s take a look at what our accounting services for builders can do for you.
Bookkeeping for builders
Bookkeeping isn’t processing invoices. Bookkeeping means taking all the activity done in your business and representing that in accounting software.
When Archimedia does bookkeeping for you, all you have to do is send us your expense invoices with our app and connect your bank to the accounting software – we’ll take care of everything else. You’ll benefit from being able to log in each month to see where you’re at with your profits and compare them to previous months.
CIS accounting
CIS is a bit of a minefield. At Archimedia Accountants, we ensure that you are fully compliant with HMRC. This means everything is filed correctly and on time, and you know exactly what you need to pay HMRC and how.
If you’re a subcontractor, we’ll ensure you’re doing everything you need to. We also provide all the usual subcontractor statements if you’re a contractor.
Payroll
Payroll is something that seems simple but is often a more complicated process. At Archimedia, we set up and run your payroll scheme for you, submitting everything necessary to HMRC and sending payslips directly to your staff if you have any. We also, of course, let you know exactly when and what to pay HMRC.
We’ll also explore the potential tax benefits of setting you up on a payroll as a Director of your limited company.
Self-assessment tax returns
At Archimedia Accountants, we don’t just want to save your business tax, it’s about you and your family as a whole, and the self-assessment (or personal) tax return is the best place to do this. We’ll even learn about what you want to do in the next ten years, so we can structure things from a tax perspective now to save you as much tax as possible in the future.
VAT returns
As professional accountants for tradesmen, we understand the ins and outs of VAT returns, which is important for ensuring your business stays compliant while maximising your VAT benefits. Whether it’s decoding confusing receipts or keeping up-to-date with the rules and regulations, we’ve got you covered.
At Archimedia Accountants, we understand that VAT tax planning is very important to your business. We will ensure your VAT returns are on time and utilise all opportunities to help you save and grow as a construction business.
FREE Accounting & Tax Review
Why choose Archimedia as your accountant?
Choosing the best accountant for your construction and building business is an important decision when you want to start growing.
At Archimedia, we are a family-focused business, and we consider our clients an extension of our happy family. As well as going above and beyond in all accounting services, we aim to save as much tax as legally possible for your business and your family.
You’ll benefit from regular tax reviews with our Co-Director, Barbara, who has over 30 years of experience as a Tax Advisor and building her own successful property portfolio. You can expect personalised advice and strategies that cater to your unique situation and, ultimately, work to save you as much tax as legally possible.
We can also take a look at helping you build your own property portfolio (see our accounting for property services) and get involved in improving your business.
Get in touch for a free initial consultation to see how much tax we can save your construction business.