Building Strong Foundations: How Nära Accountancy Supports the Construction Industry

The construction industry is fast-paced, hands-on, and filled with unique financial challenges. From managing cash flow to staying on top of CIS (Construction Industry Scheme) requirements, contractors and subcontractors need an accountant who understands the industry inside and out. That’s where Nära Accountancy comes in. We provide expert, tailored support to help construction businesses stay compliant, efficient, and profitable.

Navigating the Complexities of CIS

The Construction Industry Scheme (CIS) is one of the most significant financial obligations for contractors and subcontractors. It requires contractors to deduct tax at source before paying subcontractors, and getting it wrong can result in penalties and cash flow issues. At Nära Accountancy, we handle everything from verifying subcontractors to filing monthly CIS returns, ensuring compliance and peace of mind.

How we help with CIS:

• Registering contractors and subcontractors with HMRC

• Verifying subcontractors to ensure correct tax deductions

• Filing CIS returns accurately and on time

• Advising on reclaiming overpaid CIS deductions

  
  

Keeping Your Cash Flow in Check

In construction, cash flow is everything. Between upfront material costs, delayed client payments, and fluctuating workloads, managing finances can be a constant struggle. We help construction businesses maintain financial stability by providing:

• Cash flow forecasting to plan for upcoming expenses

• Invoice tracking and follow-ups to ensure timely payments

• Expense management to keep project costs under control

  
  

Helping You Stay on top of Taxes

Nobody likes paying more tax than necessary. With our industry-specific expertise, we help you structure your business in the most tax-efficient way, whether you're a sole trader, limited company, or partnership. We ensure you're making the most of tax reliefs, VAT schemes, and allowable expenses.

Our tax services include:

• Year-end accounts and tax returns

• VAT returns and advisory

• Capital allowances on equipment and vehicles

• Director salary and dividend planning

  
  

Accounting Solutions Designed for Construction

At Nära Accountancy, we use the latest cloud accounting tools to make life easier for construction businesses. Our tech-driven approach ensures real-time access to your financial data, keeping you in control without the hassle.

Why Choose Nära Accountancy?

We know construction. We understand the pressure of tight deadlines, unpredictable costs, and compliance demands. More importantly, we keep things simple, efficient, and stress-free so you can focus on building, not bookkeeping.

With Nära Accountancy, you get:

• Straightforward advice in plain English

• A proactive approach to saving you money

• Compliance without the headaches

• A friendly team that genuinely cares about your success

Let’s Build Your Business Together

Whether you're a contractor managing a team or a subcontractor handling multiple projects, we’re here to help. Get in touch with Nära Accountancy today and let’s create a solid financial foundation for your construction business.

Get Started