Quality Bookkeeping Can Be Worth Its Weight In Gold For Your Business
TJH Accountancy provides personalised accounting services to suit all your business needs. From managing your day to day bookkeeping and payroll needs to your year end accounts. We’re here to ensure that all your financial decisions are made carefully and with your best interests in mind.
With over 10 years experience we are here make your life easier, and to ensure your business grows from strength to strength.
Trade Member
Construction Industry Specialist Accountant
Why Construction Accounting Is Different
The construction industry is unique and has precise accounting and financial requirements. However, with a raft of UK government changes which included the launch of the VAT domestic reverse charge (March 2021), and new processes for submitting tax returns (via Making Tax Digital), and requirements for processing payments in the Construction Industry Scheme (CIS), it is good to have an accountant by your side that understands these issues.
​
The construction sector has to think on its feet following the recent economic downturn impacting its ability to plan and carry out building projects, so managing cash flow, careful financial planning, and remaining efficient is vital.
Why Construction accounting is different
A solid foundation for your construction business
Our specialist accounting team for the construction industry can offer advice on structuring your business, cash flow, tax planning and business structure to improve the smooth running and profitability of your construction or property business. We ensure all builders, developers, contractors, and sub-contractors meet the new and existing regulations so that you stay compliant and continue growing your business.
​
What is the Construction Industry Scheme (CIS)?
The CIS covers most construction work, including plumbing, roofing, plastering, electrical 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.With our expertise in 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. When times get tough, we will be right there with you to help review and make suggestions to streamline or reduce costs.
![SL-122221-47450-09-[Converted].png](https://static.wixstatic.com/media/3f4fbc_77a5944e0fd84ceb96f1c4113df4f24a~mv2.png/v1/fill/w_980,h_560,al_c,q_90,usm_0.66_1.00_0.01,enc_avif,quality_auto/3f4fbc_77a5944e0fd84ceb96f1c4113df4f24a~mv2.png)
Cloud Accounting
Cloud Accounting allows you to keep track of your finances with a system accessed through the internet, all stored on a secure server.
This means you can access your business data in real time wherever you are, on a mobile device or desktop computer, and your data is secure and automatically backed up for you. It allows you to access your data anywhere, any time with multiple users logged on at once.
The benefits of Cloud Accounting
Using such a cloud software opens the doors to many benefits for you and your business:
-
Real time overview of your current financial position
-
Multiuser access to help you collaborate with your colleagues and accountants
-
Automatic updates from the software provider so you’re always using the most current programme available
-
Your accounts are backed up automatically, so there’s no need to worry about losing important information
-
Third party sector-specific apps can integrate with accounting softwares to allow you access more detailed and important information
-
In addition to all of the above, the softwares will allow you to come Making Tax Digital compliant!
Our Chosen Softwares
We are certified partners with Xero, Kashflow, Quickbooks Online and Sage. This means we get the latest training and support directly from the softwares. Allowing us to stay ahead of the game on all the latest software developments.
