Construction
Keep your finances moving with the job.
Practical accounting, payroll and CIS support for contractors, subcontractors and construction businesses.
A personal approach to your finances.
Construction work brings financial pressures that do not always follow a predictable monthly pattern. Materials may need paying for before a customer settles an invoice, while subcontractor payments, retentions and several active jobs can make the cash position difficult to read.
Taxwell helps construction businesses build a more organised financial routine. We bring together bookkeeping, accounts and the payroll or CIS work included in your engagement, so the paperwork supports the work happening on site.
How Taxwell can help
Bookkeeping with jobs in mind
Organise customer invoices, materials, subcontractor costs and supplier payments. Where your records support it, reporting by job can help you see how costs compare with the amount charged.
CIS and payroll administration
Discuss the support you need for subcontractor records, CIS returns and deductions, employee payroll and workplace pension administration. We agree which responsibilities remain with you and what information must be supplied.
Accounts, VAT and cash planning
Prepare the accounts and returns within your package while keeping an eye on funds needed for the next stage of work. We can help review the accounting treatment of transactions that need particular attention.
Know what is available for the next project.
Work completed is not always cash collected. Regularly reviewing outstanding invoices, retentions, supplier commitments and the cost of work in progress can help you understand the funding pressure on a job. We help turn the records you keep into a more useful conversation about cash and margins.
What to bring to our first conversation
- Sales invoices, job references and details of retentions
- Supplier bills, materials receipts and bank transactions
- Subcontractor information, verification records and deduction statements
- Payroll records and existing VAT or CIS return information
Working with Taxwell
- Start with a conversation. Tell us how you work, what is already in place and where you need support.
- Agree the services and fee. We confirm the work, responsibilities and information required before the engagement begins.
- Build a practical routine. We agree how records will be shared, raise questions and review your needs as the business changes.
Before we get started
Can you help if I work as both a contractor and subcontractor?
Yes. Explain both parts of your work so we can review the records and CIS support required. Keeping payments made and payments received clearly separated helps us understand your position.
Can I use your CIS calculator to prepare a payment?
The calculator is a useful estimate. The correct deduction depends on the rate confirmed by HMRC and the amounts eligible for exclusion. We can discuss the records and administration needed for your actual payments.
How do I get a quote?
Use our quote-request page or arrange a conversation with Taxwell. Tell us about your activities, the records you keep and the services you need. We review the requirements and agree the scope and fee with you.
Further reading: HMRC guidance on CIS ↗
Let’s discuss the support you need.
Bring your questions to Taxwell. We will help you identify a practical next step for your accounts and business finances.
