Hassle-free Accounting for the Construction Industry
The construction industry clients we work with fall into two main categories.
a) Construction companies completing projects in the residential and non-residential property sector
b) Contractors and sub-contractors operating in both the building and civil engineering sector.
At Tax Qube, we offer the following industry based solutions;
Tax Tips & Savings
We help your business to become tax efficient by using tax planning tips and techniques. We often see professionals who are paying too much tax as a result of making mistakes themselves or using non-specialist accountants.
Qualified and Experienced Accountants
Being specialists in helping the construction industry means that we can quickly identify your requirements and deal with any problems efficiently and effectively. We are able to transform messy books into neatly organised records using Xero accounting software as a tool.
Management accounts and reports
This is our most popular service and it enables business owners to keep track of income and expenses. It is a powerful management tool that deliver a good return on investment by strengthening your decision making skills that make a considerable difference in the overall business performance.
Group Company Structuring
One of the most important aspects of the construction industry is to understand what is the best structure to do business. Based on your requirements, we can create a bespoke tax efficient structure that deliver an increased level of post taxed income.
Management of different projects can be a daunting task but it is important not to mix everything and have clarity on each project. We have helped many construction industry clients on establishing how to best approach this problem and share industry’s best practices.
Payroll and CIS HMRC submissions
Our payroll process is designed to take the stress out of managing payroll and sub-contractors. We can help you to stay on top of legislation such as IR-35 and meeting those obligations on behalf of the employer.
Research and development tax credits
R&D tax credits are used to fund your business where applicable. It is not a loan that needs to be paid back, this is your money to grow the business and hire more staff. We have seen a lot of innovative activities within eligible companies that are often ignored/overlooked. We work on a no-win no fee to deliver extra cash into your business.
This is one of the biggest cost to most companies. However, we have seen returns being poorly prepared which can lead to over payment of tax without realising. As record keeping is done at the same time as the preparation of VAT returns, tax planning is also difficult if data is not reliable. We offer cost-effective solutions to companies to ensure good compliance with less stress.
Automation of admin tasks
We use cloud technology that enables software to talk to each other and cut the admin work. We actively monitor how you are maintaining company processes and advise on how to upgrade systems where possible. A lot of repetitive tasks can be automated and our clients benefit from “sensible” automation.
We deal with HMRC and companies house on your behalf. We have our clients’ best interest at heart. You can discuss all financial matters with us with confidence and confidentiality.
Appoint an outsourced FD
You can hire an outsourced Finance Director to help you grow and manage the business. By adopting to an outsourced FD service, you can ask questions and discuss financial matters at a reasonable price. Our retainers are subject to availability, please contact us for more information.
Cash flow management
Having an adequate cash flow in business is extremely important. We can help you manage cash flow and provide assistance in raising finance.
Please complete the “contact us” form below and tell us which services are of interest. We are happy to agree a fixed fee for the required services. We can also offer you interest-free monthly installments.