Construction Accountants
Choosing an accountant for your Construction business is an important decision and its important to find one that matches your needs, as well as someone that you can trust and can get timely advice.
Through our extensive experience in the construction industry, we are able to offer you relevant and timely advice. We regularly communicate with our clients, being open and honest and we don’t blind you with jargon.
Accounting Software
We offer cloud based accounting software’s for our clients, including Sage, Xero and Quickbooks. You are able to implement staged billing, deduct for retention and CIS, as well as project cost through the software, giving you an accurate picture as to how each of your projects are performing.
Our accounting solutions include:
- VAT Returns
- Payroll Software
- Management Reporting solutions
- Integration of various cross platform packages
- Registered Office with us
Accounts Preparation / Tax Planning
We offer timely and accurate accounts which provide you with a clear picture of how you have performed as a business.
We ensure the minimum amount of your financial information is made public.
We identify areas in which we can minimise your tax liability.
We can identify areas where you can improve your profitability.
CIS
If you work in the construction industry then you more than likely fall under the Construction Industry Scheme (CIS.) It can be complex as businesses are required to submit CIS returns for subcontractors they tax, as well as claiming CIS deducted from them via an Employer Payment Summary (EPS.)
We provide this service with all our clients and our accounting software’s have CIS integrated within them.
IR35
There are many factors to consider in deciding if a contractor is caught by IR35 legislation.
The main factor to consider is:
Control – this is defined as who is in control of the workers hours and the level of control that they have over their working day.
Other things to consider are:
- Provision of equipment
- Financial Risk
- Basis of Payment
- Opportunity to profit from sound management
- Part and parcel of the organisation
- Right of dismissal
- Employee benefits
- Intention of the parties
- Length of engagement
It is important for companies to have appropriate measures in place to ensure that all subcontractors are treated as such and don’t fall under IR35 regulations and we can help you with this process.
Raising Finance
One of the key considerations for property companies is to raise the finance required to complete deals.
We have excellent contacts that we have used personally and have a strong professional relationship with them and can refer their details to you.
We also have a range of different mortgage brokers to suit your needs.
Knowledge of the Construction Industry
We have worked in the construction industry for over 13 years and can provide extensive and specific advice on that industry.
As a new business it was so refreshing to meet the team at Thexton & co. No question I have asked has ever made me feel inadequate, to be listened to and respected has allowed me to not only put my complete trust in the team, but it has also ensured that I have started learning the processes that are in place to make my business successful and to make sure that everything is financially in order. I couldn’t thank you all enough!
Fantastic service. Do my books every year.
We decided to go with Thexton & Co after meeting with them to discuss our new business, Teach Rex. We were impressed with the way in which the fees where set out and it was all agreed there and then so we knew exactly what we were paying. Since then, anything we have needed advice on they come straight back to us and advise us. We are very impressed and wouldn’t hesitate in recommending them!
Ben does my books for my business but also my personal accounts and is superb. He is always there to have a conversation and is incredibly knowledgable. I really cannot reccomend him highly enough. Thank you for all the help and support.
Helpful straightforward accounting with a second to none personal service.
Ben has been my accountant for over 12 months and his input has been essential in growing my business, setting my business plan and securing Clients and improving turnover. He has in-depth knowledge of the Contractor industry and will go out of his way to help. He is always available any time I need his support and cannot recommend highly enough.