Bookkeeping for Construction

Bookkeeping and CIS Returns for contractors.

Anyone in the construction industry knows that it is imperative to have the right tools for the job, that’s why your bookkeeping should be no different. Pebbles Bookkeeping are specialist in providing bookkeeping services for businesses in the construction industry.

For those working in the construction industry, the requirements of the Construction Industry Scheme need to be complied with. At Pebbles Bookkeeping, we can assist you in complying with the various elements of the Scheme for your business in the Stockport and South Manchester area.

We’ve worked with a wide range of tradesmen and contractors in Stockport and surrounding South Manchester including:

  • Builders
  • Joiners
  • Roofers
  • Plumbers
  • Electricians
  • Decorators

The Construction Industry Scheme (CIS)

The Construction Industry Scheme (CIS) sets out special rules for tax and national insurance (NI) for those working in the construction industry. Businesses in the construction industry are known as ‘contractors’ and ‘subcontractors’. They may be companies, partnerships or self-employed individuals.

The CIS applies to construction work and also jobs such as alterations, repairs, decorating and demolition. We can help you work out whether your business needs to register for the scheme or not.

Monthly CIS Returns

Contractors have to make an online monthly return to HMRC:

  • confirming that the employment status of subcontractors has been considered
  • confirming that the verification process has been correctly dealt with
  • detailing payments made to all subcontractors and
  • detailing any deductions of tax made from those payments.

All contractors are obliged to file monthly even if they are entitled to pay their PAYE quarterly.

When you are busy running your business, finding the time to deal with these monthly returns as well as trying to acquire the expertise to complete them correctly can be difficult. At Pebbles Bookkeeping we take away the stress of completing these returns so that you can concentrate on the day-to-day running of your business.

FAQ’s

Bookkeeping helps construction companies track project costs, manage cash flow, and ensure accurate financial reporting for compliance and profitability.

Challenges include managing job costing, tracking materials and labour, handling subcontractor payments, and staying compliant with industry regulations.

Yes, a professional bookkeeper can manage CIS deductions, verify subcontractors, and ensure compliance with HMRC regulations.

Accurate bookkeeping tracks project expenses, monitors budgets, and identifies areas where costs can be reduced or managed more effectively.

What our clients say…

A massive thank you to Diane at Pebbles Bookkeeping & HR. You took the huge stress away from where do I start, with employee policies etc. You have created us a great, informative employee handbook, covering all necessary policies and risk assessments in a matter of no time and from the other side of the world too. I will definitely be in touch for any future help our company needs.

Lisa Heggie, The Gunnery

Diane has been providing her services to my company for approximately 6 months now and I can honestly say that due to her assistance, my company is running a lot more smoothly than it has at any time over the previous 30 years that it has existed.

I would just like to say that I would recommend her services to any business, whatever the size, as I can only see that her services would be beneficial to any company that may choose to employ her services.

Wayne Dinning, Managing Director, SD Waste Paper Limited

“Pebbles have provided professional and personal approach to all our accounts needs from processing invoices to management accounts. Based in-house they have become a valuable asset to the business and have given us a more strategic and analytical approach to our finances.”

 

Robert Flinn, Director, The Drawing Room

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