Sectors

Accounting for Construction Companies

Get Advice

We Take Care of Everything You Need

Get expert advice and accounting for construction companies.

With keen understanding for the distinct issues that face construction businesses, it is essential to ensure that you remain focused on the business and your strategic objectives. MJ Kane aims to help businesses in this sector by providing services and guidance with tax efficiency in mind whilst ensuring that your business remains compliant when running at maximum efficiency.

We have a clear focus and bring decades of experience when it comes to the accounting for construction businesses. Whether the business, is structured as a limited company or freelancer, our experience allows us to effectively advise clients within this sector.

How our Accountants can help you!

  • Annual Accounts

    Our accountants can assist with the preparation of company annual accounts and financial records and have this prepared at the end of the financial year. These include

    • A balance sheet
    • A profit and loss statement
    • Notes about the accounts
    • A director’s report
    • An accountants or auditor’s report
  • Corporation Tax

    In the UK, you must pay Corporation Tax on profits from doing business. Our accountants can assist with company tax returns and tax computations and will also be able to provide advice on any tax planning areas that may benefit you and your company.

  • Construction Industry Scheme (CIS )

    With our accounting expertise within the construction sector, we can help provide you with the information you need to solve problems and make the right business decisions to boost profitability.

    The CIS covers most construction work, including plumbing, roofing, plastering and building works.

    Suppose you are a company or self-employed individual working as a contractor within the construction industry. In that case, you are obliged to register for the scheme and to make the appropriate payments to HMRC.

    If you are a subcontractor, you do not have to register, but deductions are taken from your payments at a higher rate if you haven’t.

  • Work In Progress (WIP)

    WIP is the value of work completed but not yet invoiced. However, calculating WIP and matching costs is not always as simple as it seems. That is why hiring a professional construction accountant is vital.

    Our construction accountants can advise on the best approach to purchase or hire equipment, what expenditures are permitted, and how to minimise tax liability.

  • Full range of accounting services for large & small construction businesses
    • Accounts preparation for your business
    • Self-Assessment Tax returns if you are self employed
    • Managing complicated payroll for your business
    • Compliance with HMRC’s Construction Industry Scheme
    • Corporation Tax planning and advice
    • Value Added Tax (VAT)
    • Compliance with companies’ house filing requirements
  • Who Do We Help

    We support independent firms and individuals within all aspects of construction sector. This includes (but not limited to):

    • Commercial / residential builders
    • Architects
    • Property refurbishment
    • Civil engineering
    • Estate agents
    • Joint venture projects

Why MJ Kane As Your Construction Company's Accountant

Award winning services

8000 plus satisfied clients

100+ years combined industry experience

30+ Countries covered

Fixed Fee Service

Tax efficiency focused

Meet the Team

Meet the Senior Management Team

Michael Kane

Founder | Managing Partner

SME Tax Compliance | Tax Planning | Business Development

FCCA Qualified

MJ Kane

Director | Senior Accountant

SME Tax Compliance | Crypto Taxation Compliance | Business Structuring

ACCA Qualified | BSc Hons Accounting

Jonathon Greenaway

Director | Senior Accountant

SME Tax Compliance | Property Capital Gains | Inheritance Tax

ACCA Qualified | BSc Hons Business Studies

Need help with Accountancy? Call us today: 028 9335 0290

View our latest news & insights

21 March 2024
The Chancellor presented his final spring budget before the election, emphasizing reforms designed to streamline the tax...
The Chancellor presented his final spring budget before the election, emphasizing reforms designed to streamline the tax system, promote fairness, adapt to economic changes, and bolster public finances. As in past budgets, there a...
14 February 2024
Navigating the landscape of business taxes in the UK can seem daunting, especially given the range of taxes that might a...
Navigating the landscape of business taxes in the UK can seem daunting, especially given the range of taxes that might apply to your organization. However, understanding which taxes are relevant to your business is crucial for com...

Get in Touch

If you have an enquiry, please submit an online enquiry below or call us and our Client Services team will be happy to assist you.