Construction-only accountants · £1m to £15m
Taxtful looks after the numbers for UK construction companies: CIS, reverse charge VAT, retentions, project margin and the tax planning that comes with growth. Every month you get one page that says what's happening, why it matters and what to do.
Chris explains it in 90 seconds.
Not the tender margin. The real one, after the variations, the wet weeks and the extra labour.
To the pound, with a release date and a name next to each one.
Based on your contracts' payment schedules, not a guess.
Your accountant has the data to answer all three. If they've never told you, that's the service, not you. The 90 Day Profit Reset fixes it.
Trusted by construction companies across the South West
Partners with the job management software you already use
And connects to
General practice accountants treat a construction company like a shop with a longer invoice cycle. It isn't. Stage payments, retentions, CIS, reverse charge, plant, subcontractor status and long-running jobs all change what good accounting looks like. We only work with construction, so none of it is new to us.
Bookkeeping, CIS returns, payroll, VAT and management accounts, all completed by UK-qualified accountants to fixed deadlines.
Year-end accounts, corporation tax and directors' personal tax, with a planning session three months before year-end so nothing is a surprise.
Regular reviews with your accountant so you're running the business on numbers rather than instinct: pricing, cash, structure and what to do with profit.
Drag the handle. Left is what most contractors get once a year. Right is the Taxtful View, every month.
Switching accountants mid-contract is a worry for most contractors. We've built the first three months to take work off your desk, not add to it.
CIS return filed by, every month. Not once has one been late.
Working days after month-end that your Taxtful View lands.
How far ahead you'll know your bank balance, week by week.
From first call to foundations fixed. First fix, second fix, forever fixed.
These are the issues we find in the majority of construction companies that come to us from a general practice firm. None of them are unusual. All of them cost money.
A commercial fit-out contractor joined Taxtful with a £6m turnover, a healthy order book and a habit of running out of cash in month three of every job. The accounts said the business was profitable. The bank balance said otherwise.
The gap was retentions and uncertified applications. Around £340,000 was tied up in retentions across nine jobs with no one tracking release dates, and sales were being recognised on application rather than certification, so margin was being overstated on every live project.
We rebuilt job costing on a certified basis, introduced a retention ledger with release dates and a monthly chase, and built a 13-week cash flow forecast tied to the payment schedule of each contract. Within six months the business had recovered £210,000 of overdue retentions and stopped using its overdraft.
More client case studies
Real numbers from real construction businesses. Scroll sideways.
of retentions recovered in six months. Main contractor, £6.2m.
of CIS suffered, sitting unreclaimed. Electrical contractor, £2.4m.
of capital allowances never claimed. Groundworks, £4.1m.
margin by customer at a roofing firm that thought it was making 19%.
of VAT protected on a conversion scheme. Developer, £9m GDV.
of cash runway for the first time. Groundworks, £1.2m, Supply & Fit.
Institute of Financial Accountants member firm. Xero Partner. ICO registered.
Plain-English guides written for people who run construction companies, not for other accountants.
All articlesHow limited-company subcontractors set CIS suffered against PAYE, and why so many wait until year-end.
A decision guide for contractors and subcontractors, with the common mistakes we see on invoices.
Why retention tracking is the single biggest cash lever for most contractors.
No jargon and no pressure. A 30-minute call to understand your jobs, your cash flow and what's keeping you up at night. If we can help, we'll send a fixed-fee proposal within two working days.
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