Stay on Top
We handle every process, from filling out tax forms to enhancing your overall cash flow.
Time-Saving
We get everything done fast and efficiently so you can focus on running your business.
Save Money
We work through your budget and find ways to save you money, maximising your profits.
CIS Returns & Compliance
We handle all Construction Industry Scheme obligations for contractors and subcontractors, including monthly CIS returns, verification of subcontractors and deduction statements.
Payroll for Site Workers
We manage payroll for your entire workforce, including PAYE, RTI submissions to HMRC, and ensuring all workers are correctly classified as employed or self-employed.
VAT Returns
We prepare and file your VAT returns, including the domestic reverse charge for construction services, ensuring you're always compliant with HMRC requirements.
Self Assessment Tax Returns
For sole traders and subcontractors, we complete and file your self assessment tax return, claiming all allowable expenses to minimise your tax liability.
Limited Company Accounts
We prepare and file your annual accounts and corporation tax return, advising on the most tax-efficient way to extract profits from your construction company.
Tax Planning
We provide strategic tax planning advice to help you minimise your tax liability and maximise the profits you keep from your business.
Annual Accounts
We prepare comprehensive annual accounts that meet all regulatory requirements and give you a clear picture of your business performance.
Bookkeeping
We keep your books up to date and provide regular cash flow reports so you always know exactly where your business stands financially.
Common Questions
Due to the large number of projects handled in the construction industry, a specialist accountant will ensure your financial information is managed and updated when needed. We stay on top of all your expenses, help track the payroll of your workers, handle CIS obligations and ensure your tax returns are filed accurately and on time.
At Reed & Co. Accountants, we work with all sectors of the construction industry, whether you are a commercial or industrial business. We work with sole trader subcontractors, limited company contractors, builders, electricians, plumbers, roofers, landscapers and more. We promise to tailor our services to your needs and financial requirements.
No, and that's the great thing about a specialist accountant. While we would be more than happy to be your main accountant, if you already work with someone else, we can combine our specialist construction knowledge with their work so you can get all the benefits of a specialist without starting from scratch.
The domestic reverse charge means that for most construction services between VAT-registered businesses, the customer accounts for the VAT rather than the supplier. This can significantly affect your cash flow. We help you understand exactly how it applies to your business and ensure your invoicing and VAT returns are handled correctly.