How to Choose the Right Accountant for Your Construction Business

Running a construction business comes with its own unique set of challenges tight deadlines, ever-changing project costs, compliance hurdles, and workforce management, to name a few. While you’re busy managing on-site operations, sourcing materials, and dealing with subcontractors, having the right accountant by your side can be a game-changer.

But with so many accountants out there, how do you choose the one who truly understands your business and helps it thrive?

Define Your Business Requirements

Before you even begin your search, take a step back and look inward. What do you actually need from an accountant?

Are you looking for basic bookkeeping and payroll services, or do you need someone who can handle job costing, cash flow forecasting, and tax planning tailored to the construction industry? Do you work with CIS (Construction Industry Scheme) contractors and need support with compliance?

List out your top priorities. This could include:

• Managing supplier and subcontractor invoices
• Putting out financial reports for lenders or investors
• CIS returns and VAT compliance
• Navigating seasonal cash flow challenges
• Setting up accounting systems for multiple projects

When you know exactly what your business requires, you’ll have a much clearer filter for evaluating potential accountants.

Assess Qualifications and Industry Experience

It goes without saying that you want a qualified accountant, but qualifications alone aren’t enough.

For construction businesses, it’s crucial to find someone who specialises in your industry or has demonstrable experience working with construction clients. This is a sector with very specific financial complexities, from contract revenue recognition to retention payments and long-term project accounting.

Here are a few questions to ask when assessing qualifications:

• Are they a member of a recognised accounting body like ACCA, ICAEW, or CIMA?
• Have they worked with construction firms of a similar size and structure?
• Are they able to assist with both strategic financial planning and compliance?

A generalist accountant may be great, but a construction-savvy one will offer tailored insights that can save you time, money, and potential headaches.

Check Their Knowledge of Regulations and Tax Schemes

The construction industry is one of the most tightly regulated in the UK, especially when it comes to tax.

You’ll want an accountant who’s well-versed in:

• CIS (Construction Industry Scheme): Including verification of subcontractors, correct deductions, and monthly submissions to HMRC.
• IR35 and off-payroll working rules: Particularly if you engage freelancers or limited company subcontractors.
• VAT reverse charge: A relatively new requirement that impacts how VAT is handled on certain construction services.
• Making Tax Digital (MTD): Ensuring digital compliance for VAT, Income Tax, and Corporation Tax.

These are not just administrative tasks, getting them wrong can result in penalties or even reputational damage. A good accountant will not only keep you compliant but help you understand these rules in plain English.

Look Into Their Reputation and Reviews

In the world of business services, reputation is everything. Thanks to online reviews and client testimonials, it’s easier than ever to get an honest look at an accountant’s track record.

Here’s what to do:

• Check Google, Trustpilot, or local business directories for reviews.
• Ask for references from current or former clients, preferably from the construction sector.
• Look at their case studies or success stories on their website.

Don’t just focus on 5-star ratings. Read the actual feedback. Are they proactive? Responsive? Knowledgeable about construction-specific challenges? These insights will give you a clearer picture than any credentials ever could.

Have a Transparent Discussion About Fees

In the construction industry, where margins can be narrow and cash flow unpredictable, every penny matters. That’s why it’s important to understand exactly how much you’ll be paying and what you’re paying for.

Different accountants may offer different pricing structures:

• Fixed monthly fees
• Hourly billing
• Project-based pricing
• A combination of the above

Be sure to ask:

• What’s included in the quoted price? (e.g., tax filing, payroll, VAT returns)
• Are there any hidden fees or extra charges?
• Will they charge for phone calls, meetings, or emails?

Clarity upfront will save you from unexpected costs down the road. And remember cheap doesn’t always mean better. The right accountant will provide value that far outweighs their fee.

Assess Their Availability and Ongoing Support

In construction, things can change at a moment’s noticeable delayed project, an urgent cash flow crunch, or a last-minute tax deadline. So, it’s vital to have an accountant who is available when you need them.

Here’s what to consider:

• How fast do they reply to calls or emails?
• Will you have a dedicated point of contact?
• Do they offer cloud-based tools for real-time access to your finances?
• Can they meet in person or via video when needed?

It’s also worth looking at how tech-savvy they are. Accountants who use tools like Xero, QuickBooks, or Sage, integrated with project management software, can streamline your operations and give you better visibility into your finances.

A good accountant won’t just show up at year-end, they’ll be your year-round partner.

Final Thoughts:

At the end of the day, choosing the right accountant for your construction business isn’t just about balancing books or submitting tax returns. It’s about having a trusted partner who understands the pressures of your industry, helps you make better decisions, and supports your business as it grows.

So take your time, ask the right questions, and don’t settle for less than what your business truly needs.

Because when your financial foundation is solid, you can focus on building everything else.