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