Year End Accounts That Reflect the Jobs Half Finished on Your Year End Date
Most sectors close their books on a reasonably clear position, construction never does, with jobs part built, retention held that you’ve earned but can’t yet claim, and applications submitted but not yet certified. Our team of construction accountants prepare statutory accounts that get work in progress, retention, and CIS reconciliation right, so the figures describe the year you actually had.
- Year End Specialists
- Statutory Accounts & Corporation Tax
£3.1m+
CIS Recovered
100 %
HMRC & MTD Ready
50+
Five-Star Reviews
Construction
Tax EXPERTS
Fixed Fee
No hidden charges
HMRC Compliance
Who We Are
Accountants who reconcile CIS suffered, not just file a return
Deductions taken off your invoices through the year have to agree with what HMRC holds against you, and where the two don’t match, the difference sits unclaimed until someone works out which side is wrong. We reconcile your CIS suffered figure against your HMRC record as a standard part of every year end, then set it off or reclaim it rather than leaving money on the table.
CIS suffered reconciled against your HMRC record, then set off or reclaimed
Missing contractor statements chased and resolved before the return goes in
Filing on Time, Without the Last Minute Scramble
The tax is due before the return that calculates it, and that catches people out
Statutory accounts are due at Companies House within nine months of your year end, while Corporation Tax itself is payable at nine months and one day, ahead of the twelve month deadline for the return itself. We prepare and file both on a timeline that avoids that gap catching you out, and walk through the finished accounts with you, covering what the margin did and what the tax position means for the year you’re already in.
100%
CIS Compliance Rate
Getting Work in Progress and Retention Right
A job half finished on your year end date shouldn’t distort your profit
Cost gone into a job that hasn’t been invoiced yet, left out of the accounts, lands the profit in the wrong year and can make a job look like it lost money before it earned any. We review work in progress job by job against the actual position on site, and show retention separately from ordinary debtors, so a profitable year doesn’t look flat and a quiet year doesn’t look artificially strong.
Work in progress reviewed job by job, not as a single bottom line figure
Retention shown separately, so you can see exactly how much of your profit sits with someone else
Common Pain Points
Where Construction Year Ends Commonly Go Wrong
Most construction year end problems come from a handful of recurring, fixable causes.
Work in Progress Ignored
Costs incurred on unbilled work left out of the accounts push profit into the wrong year and can make a job look like a loss before it’s finished.
Retention Treated as Written Off
Money held back on completed jobs is still owed, but firms often stop chasing it once it’s forgotten in the accounts
Applications Booked as Certified Income
Recording what you’ve applied for as income you’ve earned overstates the year and creates disputes later.
Materials on Site Counted as Cost
Stock bought and delivered but not yet fixed drags down profit for work that hasn’t actually happened yet.
CIS Suffered Never Reconciled
Deductions through the year left unmatched against HMRC’s own record mean reclaimable money sits unclaimed.
Director's Loan Account Left to Drift
Money drawn through the year without proper classification becomes a tax question only once the year end forces the issue.
Free Consultation
Let’s talk about your construction accounting challenges
Book a 30-minute call with our specialist accountant for construction business. We’ll look at how your business is set up and flag quick wins you can act on straight away.
- CIS and VAT reverse charge handled correctly
- Deep expertise in contractor, subcontractor tax rules
- Forward-looking advice, not just year-end filing
- Transparent fixed fees, no surprises
Our Services
Complete Year End Accounts for Construction Businesses
From statutory filing through to CIS reconciliation, we manage the full year end process as your construction accountant.
Statutory Accounts Preparation & Filing
We prepare and file your accounts at Companies House within the statutory deadline.
Corporation Tax Return Preparation
We calculate and submit your Corporation Tax return, timed to avoid the payment deadline catching you out.
Job-by-Job Work in Progress Review
We review WIP against the real position on site, rather than a single estimated figure.
Retention Identification
We show retention separately for both what’s held from you and what you hold from subcontractors.
CIS Suffered Reconciliation
We match deductions through the year against your HMRC record and chase any gaps.
Director's Loan Account Review
We review and clear director’s loan positions before they become an unplanned tax consequence.
Client Stories
Real feedback from real construction businesses
Over 60 verified five-star reviews from subcontractors, contractors and developers across the UK.
★★★★★
“I’d been under-claiming CIS repayments for two years without realising it. They found and recovered £14,000 within weeks of taking us on. Nobody had ever explained the scheme to me this clearly before.”
★★★★★
“We had no real idea which contracts were making money until they built us a proper job-costing system. Now we price the next tender based on actual data, not guesswork.”
★★★★★
“Every site brings its own VAT and SDLT questions, and they have never once been slow to answer. Switching from our old firm was the easiest financial decision we have made in years.”
FAQS
Commonly Asked Questions about Construction Year End Accounts
When do our accounts and Corporation Tax return need filing?
Do you reconcile CIS suffered as part of the year end?
Yes, deductions taken off your invoices through the year have to agree with your statements and HMRC’s own record, and we reconcile this rather than leaving any gap unclaimed.
We're behind on our records, can you still take this on?
Yes, being late is better addressed than left, and telling us how far behind on the first call lets us plan the catch-up properly.
How do you treat retention in the accounts?
Retention is shown separately from ordinary debtors, so you can see clearly how much of your earned profit is currently held by someone else and when it’s due.
Can you prepare our year end if someone else handles our bookkeeping?
Yes, provided we can access the records, though if the bookkeeping itself is causing accuracy issues, we’ll flag that as part of the process.
What happens if work in progress isn't reviewed properly?
Profit lands in the wrong year, a profitable period can look flat and a quiet one can look artificially strong, distorting both tax and lending decisions.
Why choose Construction Tax Accountants for year end accounts?
We review work in progress job by job and reconcile CIS suffered as standard, which is exactly the detail most generalist accountants skip.
Still have questions?
Our construction accountants are ready to answer any questions about your specific tax situation with no obligation for an initial conversation.
- Mon–Fri, 9am–5:30pm