Accountants for construction companies should tell you which jobs made money, keep CIS straight and forecast tax before cash is committed.
If the answer arrives at year end, the next quote may repeat an expensive mistake. Egbenn keeps bookkeeping, CIS, VAT and payroll current, then gives Crosby’s view before the van, hire or project is agreed.
Egbenn Accountancy is an ACCA registered practice for growing construction companies across Hertfordshire and London. A fixed monthly fee can cover bookkeeping, VAT, payroll, CIS, accounts and corporation tax, with job costing and year-round advice from Crosby Enninful ACCA.
Labour, materials and subcontractor costs show whether the completed job paid.
Verification, returns and deduction statements are handled before mistakes reach HMRC.
The corporation tax estimate is updated before another van, hire or contract takes the cash.
These problems usually surface when cash has moved or the next quote has gone out.
“We paid a subcontractor gross, then found out they should have been verified before the first payment.”
The correction arrives after cash has gone and the CIS return is already due.
“The project kept everyone busy for weeks, but I still cannot say whether it made money.”
Without costs by project, the next quote can carry the same weak margin.
“The corporation tax bill landed after I had already committed the cash to another van.”
The purchase used cash that should have been set aside for corporation tax.
What changes once the advice is in the room?
CIS is checked before payment. Each project shows labour, materials and subcontractor costs. Tax is forecast before the next commitment.
Answer these questions about the accountant who handles your books today.
Question 1 of 3
Could they tell you today what this year’s corporation tax bill will be?
Could they show what the next employee will cost before the offer goes out?
Could they show which completed jobs made money after every direct cost?
Those gaps affect real decisions about quotes, cash and hiring. The free growth review checks where the books, CIS and project costing stand.
Some essentials are covered, although one blind spot can still distort a quote or tax decision. The construction result below shows what changed when job costing joined current monthly books.
Your current accountant is covering the decisions that matter. Read the guides if you want a second view on CIS or project costing.
Year-end filing covers important duties, but growing contractors need answers while choices can still change.
Books are gathered after the work is done.
CIS, VAT and payroll are handled as deadlines.
Project margins stay buried in annual accounts.
Tax is confirmed after cash has been committed.
Books stay current each month.
CIS, VAT and payroll move together.
Job costing shows which projects paid.
Tax is forecast before cash is committed.
Use these checks before another contract, van or hire is agreed.
Are subcontractors verified before their first payment?
Their status should be checked before cash moves.
Are deduction statements issued on time?
Each subcontractor should receive the correct statement.
Is the domestic reverse charge checked on invoices?
VAT treatment should be reviewed before submission.
Are direct costs assigned to each project?
Labour, materials and subcontractors should sit against the right job.
Are payroll and pension duties current?
The team should be paid from up-to-date information.
Is each VAT return reviewed before filing?
Sales, purchases and reverse charge entries should agree.
Is corporation tax forecast during the year?
The expected payment should be allowed for before year end.
Is the next van or hire modelled first?
The full cost should be checked before committing cash.
The monthly work supports the decisions behind every project, payment and hire.
Verification, returns, deduction statements and reverse charge checks are handled together.
See if Egbenn fitsCurrent bookkeeping and job costing show what remained after each contract.
See if Egbenn fitsTax, payroll and project costs are checked before the next van, hire or contract.
See if Egbenn fitsThe change came from current books, project costs and regular decisions with the owner.
Bookkeeping, VAT, payroll and CIS were kept current each month. Job costing showed the margin on every project.
The owner now runs the business from monthly reporting and sees which projects make money.
Regular calls kept the owner involved in every decision.Clients described by type. Names withheld.
The first work deals with missed duties, then builds the information needed for the next decision.
The last accounts, CIS, VAT and payroll position are reviewed before the handover.
Egbenn collects the books and deals with the previous accountant.
Project costs are matched to labour, materials and subcontractors.
The owner reviews tax, project margins and the next commitment with Crosby.
The business runs alongside a full-time job.
The enquiry concerns a property side interest or rent to rent arrangement.
The only priority is paying the lowest fee.
The company has yet to begin trading.
If the construction business is your main income and has room to grow, the free growth review will confirm the fit.
The monthly scope can cover bookkeeping, VAT, payroll, pensions, CIS, year-end accounts, corporation tax and the director’s personal tax. Management accounts and advice on a hire, van or larger contract can be included. Egbenn agrees the fixed monthly fee before work begins.
Yes. Egbenn can take over during the year. Crosby first checks the latest accounts, CIS, VAT, payroll and upcoming dates. Egbenn then contacts the outgoing accountant, collects the books and plans the handover around the next returns, so each deadline stays in view.
No automatic software move is required. Crosby checks whether the current system keeps invoices, bank transactions, CIS, VAT and payroll in step. If it can support current monthly books and job costing, it may stay. Any recommended change is explained before the handover.
Egbenn writes to the current accountant for professional clearance and requests the accounts, tax returns and working papers. The firm then brings the books up to date, with a discount on catch-up work, and agrees the monthly scope before ongoing work starts.
A construction accountant should verify subcontractors before first payment, prepare contractor returns, issue deduction statements and check the domestic reverse charge on invoices. The CIS position should match payroll, bookkeeping and VAT, so a mistake is found before it reaches a return.
Job costing brings labour, materials, subcontractors and other direct costs together for each project. It shows what remained after the work was delivered. That gives the owner a sound basis for the next quote and exposes any weak margin before it is repeated.
Answer a few quick questions, get a personalised recommendation and, if there is a fit, Crosby will arrange the review.
See if Egbenn fitsUse the contact page to ask about CIS, job costing, tax or changing accountant.
Ask Crosby a questionThe guides explain the duties and decisions that matter as a construction company grows.
Read the guides