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Skip to content Home Services Home Services Talk Tax Now Specialist accountancy for growing construction contractors Sleep soundly at night knowing you are always in control of your finances. Talk Tax Now Be more profitable Survive payment terms Avoid unexpected tax bills Big surprise tax bills can bankrupt you Every project requires future cash flow; unexpected tax bills and financial hurdles can stall projects and put your future on the line. Imagine having an accountant in your corner providing clear, industry-specific financial guidance that’s efficient and straightforward. Hive builds your business with you, ensuring your cash flow is as solid as the buildings you construct, turning potential pitfalls into stepping stones for growth. Talk Tax Now Predict your contracting business' cashflow with regular specialist accounts advice. An end to unexpected tax bills Keep ahead of your taxes and make financial adjustments during the year with quarterly agile account reviews.. Avoid CIS mix-ups Constantly review and assess your company to ensure full CIS compliance, safeguarding you from costly mistakes. Survive project payment terms Always know that you can survive through the long payment cycles and any possible delays by being financially resilient. Talk Tax Now We are Construction specific accountants, working with you to overcome the financial ups and downs Company accounts Keep your financials accurate and current Personal taxation Simplify your personal tax obligations with confidence Corporate Taxes Stay ahead with enhanced tax and compliance strategies VAT Manage VAT submissions accurately and plan ahead of time Payroll & CIS Scheme Streamline payroll processes and CIS compliance for your workforce. Business Advisory Gain strategic tax and accounting insights that drive your business growth Project cashflow Management Maintain the financial health of your business with positive cashflow for project success Management Accounts Drive decisions with detailed financial reports Talk Tax Now We advise on your accounts and business growth to achieve the life you want No jargon, just clear and simple adviceCIS scheme expert guidanceExperience with Application For Payments (AFP’s)Managing your Key performance indicators (KPIs) Talk Tax Now Get Proactive Accounting In 3 Steps 01 Contractor Health Check Assess your company's figures to see the status quo 02 Financial Growth Plan Set your goals and outline more profitable actions 03 Stay ahead of your taxes Quarterly agile accounts reviews to keep you on track Talk Tax Now "If you are looking for a diligent and dedicated team to help you navigate the vast world of accountancy with any queries on CIS to becoming tax efficient or applications for payments and retention release. I personally can recommend taking a meeting with Hive. Laura's communication skills and knowledge are superior to any other firms I have previously used. Michael DavisMD Electrical (S.E) Ltd “Having Laura and Hive Construction Accountants in our corner has been great! Our Margate based construction company grew to a point that we needed a specialist accounting team, and Laura has proved countless time that she really knows her stuff” Rodney WrootDwello Homes Hive Construction Accountants in Canterbury Contractors frequently juggle large-scale projects, managing everything from staff to suppliers. This complexity can lead to overlooked CIS and annual tax discrepancies, potentially missed by your accountant.At Hive Construction Accountants in Canterbury, our expertise lies in construction accountancy where we adopt a proactive stance with our hands-on approach, including quarterly check-ins and tailored financial guidance ensuring you maximise your company’s profits while steering clear of any financial surprises. Talk Tax Now What are the VAT rates for construction companies? VAT is crucial in the construction industry and involves three main rates:Standard rate: 20% — Applies to most building work on houses and flats.Reduced rate: 5% — Certain exceptions may qualify for this rate.Zero rate: 0% — Applies to specific construction activities.Additionally, some goods and services are exempt from VAT, which differs from being zero-rated. If your business has a taxable turnover exceeding £90,000 in any 12 months, you must register for VAT. For detailed guidelines, refer to HMRC’s VAT notice for contractors, subcontractors, and developers. What Do I Need To Do As A CIS Contractor? There is a lot that you or your accountant needs to do if you are a CIS contractor:Register with HMRC to legally operate as a CIS contractor.Verify each subcontractor with HMRC using the CIS online service or approved software before you make any payments.File monthly returns detailing the payments made, which are due by the 19th of each month.Make appropriate deductions from payments to subcontractors at 20% for those registered, 30% for those unregistered, or 0% if they have gross payment status.Remit the deductions to HMRC by the 22nd of each month, or the 19th if paying by post.Maintain accurate records of all payments and deductions for at least three years after the tax year ends.That’s why we recommend using an accounting team like ours, equipped with the experience and resources necessary to handle these responsibilities for you. How can I make sure there is enough cashflow for projects? Construction cashflow can be unpredictable. Manage risks by adjusting contracts for flexibility, documenting all project changes, and keeping a clear view of ongoing costs and cash inflows. This helps prevent disruptions and ensures you can meet financial obligations on time. Your accounting questions answered Talk Tax Now Get specialist accounts advice every quarter so you can predict your contracting business' cashflow. Talk Tax Now Talk Tax With Laura<span data-metadata=""> Laura or one of the team will reply to you within 24 hours if not sooner. First name Surname Email Telephone Message* Send Message Our Office Telephone: 01843 240833 Address: Dane John Works, Gordon Rd, Canterbury CT1 3PP Contact Call: 01843 240833 Address: Dane John Works, Gordon Rd, Canterbury CT1 3PP Terms Privacy policy Website terms Created by 9G Websites {"prefetch":[{"source":"document","where":{"and":[{"href_matches":"\/*"},{"not":{"href_matches":["\/wp-*.php","\/wp-admin\/*","\/wp-content\/uploads\/*","\/wp-content\/*","\/wp-content\/plugins\/*","\/wp-content\/themes\/hello-theme-child-master\/*","\/wp-content\/themes\/hello-elementor\/*","\/*\\?(.+)"]}},{"not":{"selector_matches":"a[rel~=\"nofollow\"]"}},{"not":{"selector_matches":".no-prefetch, .no-prefetch a"}}]},"eagerness":"conservative"}]} Home Services Home Services Talk Tax Now const lazyloadRunObserver = () => { const lazyloadBackgrounds = document.querySelectorAll( `.e-con.e-parent:not(.e-lazyloaded)` ); const lazyloadBackgroundObserver = new IntersectionObserver( ( entries ) => { entries.forEach( ( entry ) => { if ( entry.isIntersecting ) { let lazyloadBackground = entry.target; 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