Last year HMRC were seven months behind on CIS rebates...
Expand Accounts - Construction Accountants Limited
Specialist Accountants for the Construction / Trades industry
The reason most people have a problem in their CIS is unfortunately their accountant...
So many new clients of ours have a messy CIS situation...
Construction is the only industry that's taxed at source as a limited company.
Here's why and what to do about it...
11/06/2026
Bad cashflow is a feature of construction
But it is manageable…
Common problems are late/none payments, CIS deductions and 60+ day terms
Most people struggle because there’s no system in place to manage it
There's some things that you can put in place:
1.Deposits and milestone payments
2.Monthly VAT returns - if your work is mostly reverse charge, stop waiting 3 months for your refund
3.Gross CIS Status - removes the 20% CIS deduction
4.Extend supplier terms - match what’s going out to what's coming in
5. The most important... A Cashflow forecast - updated weekly, always 13 weeks ahead. Tells you exactly where your cashflow will be for the next 2-3 months.
Most businesses that come to us aren’t doing most of these
Start implementing them or get an accountant who does
If you're not running a cash flow forecast, you are running your business completely blind...
Are you actually setting money aside for tax?
Fixing a cashflow problem usually starts at the same place...
Why does construction have the worst cash flow out of all industries?
The more money sat with you rather than HMRC, the better...
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