Accountants for plumbers, electricians and tradespeople

If you work for contractors, they deduct tax at 20% or 30% under CIS and you reclaim it through your company. If you hire subcontractors, you must verify them and deduct tax. Work for householders is outside CIS, so many tradespeople have both kinds of income.

We separate the two in your books, file the monthly CIS return when you hire, and claim back the deductions suffered so your cash is not tied up.

• Verification and monthly returns
• Deductions reclaimed
• Domestic and contractor work separated

A van is usually a capital asset with allowances, and its running costs are allowable, with private use reported. Tools and equipment can often be claimed in full in the year of purchase. If you use a personal vehicle, approved mileage rates are a clean alternative.

We choose the method that suits your vehicles, keep the records HMRC expects and make sure private use is reported properly.

• Capital allowances on vans and tools
• Running costs recorded by vehicle
• Private use reported

A good quote covers materials, labour, travel, wastage and your overheads, plus a margin. We help you work out your real hourly cost and job margin from your books, so you know which jobs to take and when to raise your rates.

For business customers, we set up the VAT domestic reverse charge on invoices, so each job is invoiced correctly.

• Real hourly cost worked out
• Margin by job
• Reverse charge on invoices