Property & Construction Industry Accounting & Tax Services in the UK
The Property & Construction industry is one of the most fast-moving, regulation-heavy and financially complex sectors in the UK. Whether you work in residential construction, commercial development, property investment, building services, infrastructure, renovation, maintenance or property management — every financial decision carries significant operational and tax implications.
This industry faces complex challenges such as:
- CIS compliance for subcontractors
- VAT domestic reverse charge
- fluctuating material prices
- labour shortages
- complex project costing
- tight cashflow cycles
- equipment and machinery depreciation
- stock and materials wastage
- multi-stage construction projects
- slow client payments
- retentions
- financing and bridging loans
- property tax implications
- rental income accounting for landlords
- capital gains tax on property sales
- allowable expenses for investors
- maintenance and refurbishment deductions
Construction and property businesses need accountants who understand real-life operations, not just theoretical numbers.
Audit Consulting Group specialises in providing tailored accounting and tax solutions designed specifically for construction firms, real estate investors and property professionals.
Who We Support in the Property & Construction Sector
We work with:
- General builders
- Contractors & subcontractors
- Property developers
- Housebuilders
- Renovation and refurbishment specialists
- Joinery, carpentry & electrical contractors
- Plumbing & heating engineers
- EPC contractors
- Interior fit-out companies
- Construction project managers
- Roofing, glazing & insulation companies
- Civil engineering firms
- Architects & surveyors
- Real estate agencies
- Landlords (single or portfolio)
- Property management companies
- Buy-to-let investors
- Serviced accommodation providers
- HMO landlords
- Airbnb hosts
- Estate developers
- Commercial property owners
- Residential property investors
Each of these groups requires different accounting structures, reporting frameworks and tax strategies.
Why Property & Construction Companies Need Specialist Accountants
-
CIS (Construction Industry Scheme)
Construction businesses must comply with CIS rules when paying subcontractors.
Incorrect filing may result in:
- penalties
- lost refunds
- HMRC investigations
Correct CIS management protects your business and ensures smooth payments.
-
VAT Domestic Reverse Charge
A major issue for:
- builders
- electricians
- plumbers
- HVAC engineers
- EPC contractors
Many construction firms struggle with reverse charge compliance — and HMRC is strict.
-
Project-Based Accounting
Construction companies rely on:
- job costing
- labour allocation
- materials tracking
- subcontractor invoices
- retentions
- stage payments
Incorrect job costing leads to huge profit losses.
-
Capital Gains Tax for Property Investors
When selling property, investors must optimise:
- allowable expenses
- improvement costs
- acquisition costs
- stamp duty
- CGT planning
We ensure you never overpay tax.
-
Buy-to-Let and Rental Income Rules
Landlords must comply with:
- allowable expenses
- mortgage interest restrictions
- capital allowances
- property management costs
- depreciation rules
We specialise in landlord accounting.
-
Project Financing & Cashflow
Construction companies often operate on thin margins with delayed payments.
Proper financial planning is essential.
Audit Consulting Group ensures your construction or property business remains compliant, profitable and financially secure.
Full Accounting & Bookkeeping Services for Property & Construction
Bookkeeping & Reporting for Property & Construction Businesses
Construction and property bookkeeping must reflect:
- materials purchased
- subcontractor payments
- labour hours
- WIP (Work in Progress)
- retentions
- stage-based billing
- equipment usage
- plant hire
- property expenses
- project profitability
We offer:
Bookkeeping Services
- Bookkeeping
- Xero Bookkeeping
- QuickBooks Bookkeeping
- Sole Trader Bookkeeping
- Construction Bookkeeping
- Outsourced Bookkeeping
- Payroll Bookkeeping
- Small Business Bookkeeping
- Real Estate Bookkeeping
- Accounting Bookkeeping
- Basic Bookkeeping
Our bookkeeping includes:
- job costing
- project profitability analysis
- materials and stock tracking
- subcontractor invoice management
- reverse charge VAT accounting
- property rental income tracking
- mortgage interest categorisation
- deposit & holding fee accounting
- multi-site reporting
Bookkeeping Contracts & Templates
We provide ready-to-use and customisable templates for:
- subcontractors
- property maintenance agreements
- landlord expense tracking
Management & Annual Accounts
We handle:
- Management Accounts
- Annual Accounts
- Ltd Company Annual Accounts
- Companies House Accounts Filing
Reports include:
- project margin reports
- labour vs materials cost breakdown
- equipment depreciation
- rental profitability reports
- service accommodation income analysis
- void period tracking for landlords
- multiple property portfolio performance
Tax Services for Property & Construction
Construction and property businesses encounter some of the most complex tax rules.
We provide end-to-end support.
CIS Services
CIS compliance is essential for:
- builders
- contractors
- developers
- subcontractor-heavy teams
We offer:
- CIS for subcontractors
- CIS & VAT compliance
- CIS filing
- CIS penalties & appeals
- CIS refunds & reclaims
- Gross Payment Status applications
- CIS for self-employed workers
We ensure you stay compliant and avoid penalties.
Personal Tax & Self-Assessment for Property Professionals
For:
- landlords
- property investors
- builders
- tradespeople
- contractors
- small construction business owners
- estate agents
- property managers
We provide:
- Personal Tax
- Self-Assessment filing
- Rental income reporting
- Allowable property deductions
- Penalty appeals
- Making Tax Digital compliance
- Individual tax consultations
Typical allowable expenses include:
- repairs & maintenance
- property management fees
- travel to properties
- council tax (if business-relevant)
- service charges
- ground rent
- insurance
- utilities for serviced accommodation
Small Business Tax Services
For small builders, landlords, property maintenance services, tradespeople:
- Small Business Tax Returns
- Tax planning
- Self-employed registration
- Business structure optimisation
VAT Services for Property & Construction
VAT is one of the most misunderstood areas in construction.
We support:
- VAT registration
- VAT deregistration
- VAT filing & submission
- VAT reclaim & refunds
- VAT number verification
- VAT for specific construction services
- Domestic Reverse Charge compliance
- VAT for property investors
Construction VAT questions we handle daily:
- “Is this zero-rated or standard?”
- “Does this renovation qualify for reduced VAT?”
- “How does VAT apply to new builds?”
- “How does reverse charge affect my cashflow?”
We ensure correct VAT status for every project.
Corporation Tax for Property & Construction Companies
We maximise your tax efficiency through:
- Corporation Tax Filing
- Corporation Tax Returns
- Capital allowances
- Machinery & plant depreciation
- Property investment tax strategies
- Expense optimisation
- Corporation Tax Appeals
CGT, SDLT & Landlord Tax Support
We specialise in:
- Capital Gains Tax planning
- Stamp Duty Land Tax calculations
- Annual Tax on Enveloped Dwellings (ATED)
- Property portfolio structuring
- Buy-to-let tax optimisation
Advanced Tax Planning
We provide long-term planning for:
- developers
- landlords
- construction directors
- property investors
Including:
- inheritance tax strategies
- estate planning
- property ownership restructuring
- penalty appeals
- wealth preservation
Payroll & Pension Services for Construction & Property Businesses
Payroll is especially complex due to:
- weekly payments
- overtime
- hazard pay
- site-based workers
- seasonal labour
- subcontractors
We provide:
Payroll Services
- Monthly Payroll
- Weekly Payroll
- Contractor Payroll
- CIS Payroll
- Payroll Setup & Implementation
- Xero/QuickBooks/Sage Payroll
- Payroll for One Employee
- Outsourced Payroll Management
- Payroll Reconciliation
Pension Services
- Pension scheme management
- Directors’ pension
- Pension tax advice
- PAYE registration & filing
Company Formation & Corporate Governance
Construction and property businesses require strong foundations.
We assist with:
- Company formation
- SPV creation (Special Purpose Vehicle for property purchases)
- Confirmation statements
- EORI registration
- Multiple property structures
Advisory Services for Property & Construction
We provide expert consulting for:
- project budgeting
- cashflow forecasting
- development finance
- investment return analysis
- property portfolio strategy
- landlord compliance
- construction cost planning
- overseas tax advice
- asset structuring
Real Case Studies
Case Study 1 — Construction Firm in Birmingham
Issues: CIS errors, poor job costing.
Solution:
- CIS overhaul
- job costing system
- monthly management accounts
Result: profitability improved by 19%.
Case Study 2 — Property Developer in London
Issues: complex VAT on new builds and refurbishments.
Solution:
- VAT reconstruction
- CGT & SDLT planning
- SPV setup
Result: significant tax savings on multiple projects.
Case Study 3 — Landlord With 12 Properties
Issues: unclear expenses, no tax planning.
Solution:
- landlord bookkeeping system
- CGT strategy
- tax-efficient portfolio restructuring
Result: reduced tax burden by £8,700 in the first year.
Client Reviews
Tom Hughes, Director — Hughes Construction Ltd
“They fixed our CIS issues, gave us clear reports and improved our margins. Best accountants we’ve ever worked with.”
Sarah Nolan, Property Investor
“Professional, detailed and incredibly helpful. They saved me thousands in tax planning.”
James Carter, Owner — Carter Renovations
“They understand how construction works in real life. Straightforward, fast and reliable.”
FAQ
Do you work with small builders and contractors?
Yes — from sole traders to multi-million-pound construction companies.
Can you help landlords with multiple properties?
Absolutely — we specialise in landlord tax and portfolio accounting.
Do you support developers with SPV structures?
Yes — including setup, accounting and tax strategy.
Can you handle CIS and reverse charge VAT?
Yes — it’s one of our core strengths.
Ready to Build a Strong Financial Foundation for Your Business?
Audit Consulting Group
+44 7386 212550
info@auditconsultinggroup.co.uk
