Specialist Accountants for Tradespeople and Construction

Whether you're a plumber, electrician, builder, plasterer, roofer, or landscaper, Gro Profit First Accountants understand the financial realities of running a trade business. We handle the complexities of CIS, manage your tax position proactively, and help you keep more of what you earn through the Profit First system.

CIS Returns and Compliance

The Construction Industry Scheme (CIS) adds a layer of complexity for anyone working in construction. We manage subcontractor verification with HMRC, monthly CIS300 returns, deduction statements, year-end reclaims, and ensure you're paying or receiving the correct CIS deductions. If you're both a contractor and subcontractor, we handle both sides.

Sole Trader or Limited Company?

Many tradespeople start as sole traders because it's simple. But once your profits grow beyond £40,000–£50,000, a limited company can save you thousands in tax each year. We'll model both scenarios for you and handle the entire incorporation process if it makes sense — company setup, Xero, payroll, VAT, the lot.

Expenses and Tax Planning

Trade businesses have significant allowable expenses — tools and equipment, vehicle costs, materials, workwear, training, insurance, and more. We make sure you're claiming everything you're entitled to, optimising your mileage claims, and planning your tax position throughout the year rather than getting a surprise bill in January.

Profit First for Trade Businesses

Trade businesses often have high turnover but tight margins. Profit First helps you separate profit from turnover, plan for VAT and tax payments, build a cash reserve for quieter months, and ensure you're paying yourself properly — not just reinvesting everything into materials and equipment.