Accountants for Construction Contractors

Who We Help

Construction Accounting

At Sherwin Currid we can provide the full range of accounting services and support to construction firms and contractors, enabling you to work or contract efficiently.

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Construction and Trades

The construction industry is a significant contributor to the UK economy through its development of infrastructure as well as construction of residential and commercial buildings. At Sherwin Currid we recognise the unique challenges facing those who work in the industry such as having to comply with the construction industry scheme.

Planning to manage and fulfill different projects and managing cash flow when working in the construction industry as a small business or contractor can be challenging. Our specialist construction accountants at Sherwin Currid can help you ensure that your financial records are accurate, up-to-date, and compliant with industry regulations to give you peace of mind your company is tax compliant and efficient, allowing you to focus on your projects and improve profitability.

Construction workers working hard

Construction Industry Scheme (CIS)

Contractors and subcontractors working in the construction industry should be aware of the Construction Industry Scheme (CIS) tax requirements. It aims to minimise tax evasion within the construction industry and also to protect construction workers from being employed illegally.

The scheme is only relevant for those who are employed via a contract in the construction sector, not those on Pay As You Earn (PAYE). The basic principle of CIS is that contractors take money from what they pay subcontractors in wages in order to cover their tax and National Insurance contributions. Our specialised CIS accountants can help your construction business adhere to the CIS rules and stay compliant with HMRC when running your own limited company.

Sherwin Currid helps many clients with their CIS obligations and our accountants understand the scheme’s requirements. If you have any questions about how the scheme operates or you would like us to support you with meeting the requirements of the scheme then please do not hesitate to get in touch.

Explaining to a client

Accounting for tradespeople

Navigating the complexities of tax compliance and financial reporting can be overwhelming for tradespeople. Sherwin Currid can play a crucial role in ensuring your compliance with tax laws and regulations (such as CIS), avoiding penalties, and maximising deductions.

We keep abreast of changing tax laws, helping tradespeople optimise their taxation planning strategies and minimise their tax liabilities with our expert tax advice. Additionally, Sherwin Currid will prepare and submit all of the necessary accounts and tax returns as well as providing clients with cloud accounting software that provides up to date financial information on the company.

Accounting tips for contactors

A wide range of accounting support

At Sherwin Currid we pride ourselves on the breadth of service we provide and the knowledge and understanding of the accounting needs that people in the construction industry need. Our team of friendly accountants can help you with specialist advice and a wide range of services all designed to take stress away from you. Some of the services we offer include:

  • Annual accounts preparing and filing
  • Confirmation statements
  • Personalised accountancy advice
  • VAT returns
  • Payroll services
  • Personal tax returns
  • Limited company formation
  • Cloud accounting software
  • Tax planning
  • And much more

Each of our clients are introduced to their own personal accountant who will utilise their wealth of experience to provide you with a high quality, yet affordable, accountancy service and answer any queries you may have.

Simple guidance from a trusted accountant

Cloud accounting for tradespeople and construction contractors

Cloud accounting software is the future of accountancy, vital for compliance with making tax digital, and our team are all experts in software including FreeAgent, Xero and QuickBooks among others. We provide a FreeAgent subscription with all of our accountancy packages and will introduce you to the software which allows you to upload expenses from your mobile phone as well as real time financial insights, due to its easy linking up with your bank account. With the ability to keep digital records your bookkeeping is made simpler leading to faster returns while freeing up more of your time.

Looking for a wide range of accounting support?

If you are interested in switching your accountancy to us then get in touch today.
We will organise a free consultation, where one of our specialists will talk you through your options.