Construction and Contractors



Specialized Accounting Solutions for the Construction Industry

The construction sector presents unique financial challenges that require specialized accounting expertise. At Whitesides Chartered Accountants, we have extensive experience working with construction businesses of all sizes, from independent contractors to established building firms. Our dedicated team understands the specific requirements and regulations that impact your industry.

tools workmanConstruction Industry Expertise

Our practice has developed deep sector knowledge through years of supporting construction clients. We understand:

  • The complexities of the Construction Industry Scheme (CIS)
  • Project-based accounting and cost management
  • Fluctuating cash flow patterns typical in construction
  • Specialized VAT schemes including the domestic reverse charge
  • Equipment financing and capital allowance optimization
  • Compliance with industry-specific regulations

Comprehensive Services for Construction Businesses

We provide tailored accounting solutions designed specifically for construction companies and contractors:

  • CIS Management – Complete handling of CIS verification, deductions, returns, and reconciliations
  • Construction-Specific Bookkeeping – Project-based financial tracking and reporting
  • VAT Compliance – Expert guidance on construction VAT rules, including the domestic reverse charge
  • Payroll Management – Specialized payroll services accounting for variable work patterns and subcontractor relationships
  • Tax Planning – Strategic advice to optimize your tax position and identify relevant reliefs
  • Annual Accounts – Preparation of detailed financial statements with industry benchmarking
  • Business Structure Advice – Guidance on optimal business structures for construction operations
  • Registered Office Services – Professional company address and mail handling
  • Company Secretarial – Management of all statutory filing requirements

Who We SupportNew House Picture

Our construction accounting expertise extends across the sector:

  • Building contractors and subcontractors
  • Property developers
  • Specialist trade businesses (electrical, plumbing, carpentry, etc.)
  • Civil engineering firms
  • Project managers, architects and structural engineers
  • Self-employed tradespeople
  • Plant and equipment suppliers

Fixed Fee Approach

We recognize that predictable costs are essential for construction businesses managing project budgets. Our transparent fixed fee structure provides clarity and certainty, with all services clearly defined and priced upfront. No surprises, no hidden costs – just reliable financial support you can budget for.

Why Construction Businesses Choose Us

  • CIS Expertise – In-depth knowledge of the Construction Industry Scheme and its implications
  • Industry-Specific Software – Utilization of accounting systems tailored to construction needs
  • Project Profitability Analysis – Insights to help increase margins on construction projects
  • Compliance Assurance – Staying ahead of regulatory changes affecting the construction sector
  • Cash Flow Management – Practical strategies to navigate the unique cash flow challenges in construction
  • Digital Solutions – Support with technology to streamline construction accounting processes
  • Personal Service – Direct access to accountants who understand your business and industry

Getting Started

We begin with a comprehensive consultation to understand your specific construction business, current challenges, and growth objectives. Following this, we’ll develop a tailored service package with transparent fixed fees designed specifically for your construction operation.

Contact us today to discover how our specialized construction industry accounting services can help strengthen the financial foundations of your business while ensuring complete compliance with sector-specific requirements.