Construction

Building is important in Norfolk with almost 5,000 construction businesses operating across the county. The sector is also the fifth biggest contributor to the local economy. That’s very much reflected in our client base, from specialist subcontractors to property development companies.

When it comes to sole traders working in construction, or in the trades that support it, DB Accounting covers everything from personal income tax self-assessment returns to advice on whether you should set up a limited company. The focus is always on making sure your tax bill is no higher than it needs to be by rights and that you’re claiming all the deductions, allowances and expenses you should be. If you’re due a tax refund, we’ll make sure you get it, as quickly as possible.

For larger construction businesses operating as limited companies, we advise on the construction industry scheme (CIS) and handle CIS returns to HMRC. We also advise on VAT – when to register, the VAT reverse charge – and manage VAT returns on behalf of clients. More generally, we look after bookkeeping, payroll, annual accounts, management accounting and corporation tax returns.

Cloud accounting is especially useful in construction where most work takes place on site, not in the office. Having access to your financial reports and records while you’re on the move, via your phone or laptop, makes a massive difference. Whether you’re a self-employed plumber or an architect managing projects, we’ll get you set up and trained on Xero or QuickBooks in no time.

• Construction industry scheme (CIS)
• VAT and VAT reverse charge
• Building project payroll
• Cashflow management
• CITB returns