Construction is one of the most financially complex sectors to operate in. Between the Construction Industry Scheme (CIS), domestic reverse charge VAT, retention accounting, and the perennial challenge of project cash flow, the compliance burden on contractors and subcontractors is substantial — and the penalties for getting it wrong are swift. At Page Ivy, we’ve built our construction accounting service around these specific pressures, so your books reflect the real state of your business at every stage of every project.
CIS compliance sits at the heart of what we do for construction clients. We manage the full cycle: verifying new subcontractors before first payment, calculating the correct deduction rate (0%, 20%, or 30%), processing monthly CIS returns with HMRC, and issuing accurate payment and deduction statements to every subbie on your books. For subcontractors, we track CIS deductions suffered throughout the year and ensure they’re properly offset against your PAYE liability — or reclaimed directly. The domestic reverse charge for VAT adds another layer of complexity that we handle as a matter of course within your quarterly returns.
Beyond compliance, we focus on the financial insight that makes running a construction business sustainable. That means project-level profitability tracking built into your cloud accounting system, rolling cash flow forecasts that account for material payments, stage invoicing, and retentions held both ways. When you know exactly where your cash is going — and when it’s coming back — you can plan the next project with confidence rather than hope.