Jameco Construction CFO

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Jameco Construction CFO Construction Industry Accountancy & Advisory
Build wealth | Scale profits | Optimise taxes
Built by James Wheeler
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We're a team of specialist accountants and advisors that work exclusively with UK construction businesses with annual revenues of up to £5 million. Directors who've outgrown their high street accountant but can't justify a full-time finance team. We handle the day-to-day compliance through our Virtual Finance Department, provide financial leadership through our Virtual CFO service, and make sure you're keeping more of what you earn through our Strategic Tax Advisory. We're part of the Jameco Group, founded by James Wheeler in 2017, and we work with construction businesses across the UK from our HQ in Maidstone, Kent. If you'd like to chat about your business, head to the website to book a discovery call.

19/10/2026

Is CIS being deducted from your materials, not just your labour? If your invoices don't split the two, it will be. CIS should only ever come off your labour, so anything deducted from your materials is cash you'll wait months to get back.

Keeping CIS off your materials comes down to one thing: itemise the invoice. Labour on one line, materials on another, and be ready to show the receipts if the contractor asks, because they're required to check the figures are genuine. Do that, and the deduction only ever touches the labour. Bill the whole job as a single lump and the contractor can't tell which part is which, so they'll apply CIS to all of it, materials included.

The common mistake is the mark-up, because it's the cost of the materials that's excluded, not what you charged for them. If you bought materials for £500 and billed them at £650, only the £500 comes off before the deduction, and the £150 mark-up is treated as labour with CIS applied. So itemise every invoice you send.

Plenty of the subcontractors we take on had been overpaying CIS on their materials for years before they came to us, simply because their invoices weren't split and their previous accountant wasn't a construction specialist.

Seven areas we review as part of Strategic Tax Advisory.Tax forecasting. Remuneration planning. Pension planning. Profit...
19/10/2026

Seven areas we review as part of Strategic Tax Advisory.

Tax forecasting. Remuneration planning. Pension planning. Profit extraction. Business structure review. Capital allowances. Exit planning.

Each one has a window, and most of those windows close at the year end. When was the last time your accountant raised any of them with you?

16/10/2026

Nearly every enquiry I receive from construction directors says they want an in-person relationship with their accountant. If you've had poor service before, whether in person or remote, it had nothing to do with where they were based. A poor accountant is a poor accountant.

What you should actually be looking for is an accountant who specialises in your industry and offers fantastic customer service, and it's very unlikely you'd be popping into a local office once a week anyway. I can't hire the best construction tax experts all within one county.

The way we work: catch-ups over Google Meet, a Calendly link to book a call at any point, on-demand Loom videos for reports, signing and updates that you watch when it suits you, a phone call for quick queries, and email support with a 24-hour response time, five days a week. We barely have any local clients anymore and it doesn't matter.

Looking for that kind of relationship? Book a discovery call.

Three steps, and no drawn-out onboarding process.First, a quick discovery call to understand your business, how it runs ...
15/10/2026

Three steps, and no drawn-out onboarding process.

First, a quick discovery call to understand your business, how it runs and where it is heading.

Then we design the right approach, whether that is the full Virtual Finance Department, Virtual CFO support, or tax advisory alongside your existing setup.

Then we integrate into your systems and the work begins.

We listen first, then build a solution that fits. Head to the link in bio to get started.

13/10/2026

If HMRC decides someone you pay as a self-employed subcontractor is working like an employee, they can reclassify the arrangement, and the business becomes liable for the employer's NIC and the PAYE that should have been deducted. Backdated up to six years, penalties and interest on top, and the burden sits with the business, not the worker.

They look at how it works day to day, not what the contract says. And the same individuals appearing month after month on your CIS300 returns is a pattern their systems watch for.

If that sounds like your setup, the link to book a discovery call is in my bio.

Three dates that got us here.2017: James Wheeler founded Jameco Group and opened our first office in Kent. 2021: we laun...
12/10/2026

Three dates that got us here.

2017: James Wheeler founded Jameco Group and opened our first office in Kent.

2021: we launched Jameco Construction CFO for our growing construction clientele.

2025: we introduced Virtual CFO services for mid-sized construction firms.

The approach has not changed throughout. Proactive, all year round, and never just turning up at the year end.

09/10/2026

What expenses can your construction company claim? It comes down to one rule.

To claim a cost against the company's tax, the money has to have been spent wholly and exclusively for the business. Materials, subcontractors, plant, site travel, protective workwear, insurance, software: clearly in.

What catches people out is anything part business, part personal. Where you can cleanly separate the business share, the phone, the van against logged miles, you claim that share. Where you can't, the whole cost is disallowed, and ordinary clothes worn on site are the classic example.

And in a limited company, a personal cost doesn't just disappear. It becomes a benefit in kind, taxable on you with National Insurance for the company on top, or it goes on your director's loan account. Putting personal spending through the company doesn't save tax, it changes who pays it.

Unsure what's claimable in your business? Book a discovery call.

Kind words from Jack Kelly, four years in.Thank you, Jack. Easy and hassle-free is exactly what we are aiming for. The w...
08/10/2026

Kind words from Jack Kelly, four years in.

Thank you, Jack. Easy and hassle-free is exactly what we are aiming for. The work behind it is anything but simple, which is rather the point: that side should sit with us, not with you!

07/10/2026

Your year-end accounts give you one profit figure for the whole business, which tells you nothing about which jobs made money and which lost it.

When a job comes in under the margin you quoted, the loss is buried in the total, so you never spot it, and you price the next job on the same assumptions that cost you on the last one.

Job-level reporting allocates revenue, labour, materials and subcontractor costs to each job as it runs, so you see the margin it returned against the margin you priced, and where they diverged: labour overran, materials cost more, the job took longer, or variations went unbilled. That's the gross margin your quote was built on.

It only works if the bookkeeping is done in enough depth: every supplier invoice, timesheet and application coded to its job as it happens. A lot of bookkeeping codes everything at business level, fine for the year-end accounts, useless for job margin, and it can't be rebuilt afterwards.

Want to know which jobs are actually making you money? Book a discovery call.

Getting tax planning right is the difference between keeping tens of thousands of pounds in the business, or handing it ...
06/10/2026

Getting tax planning right is the difference between keeping tens of thousands of pounds in the business, or handing it straight to HMRC.

Remuneration, pensions, profit extraction, business structure, capital allowances. Individually they look like small decisions.

Made at the right time, they carry significant figures. Made after the year end, most of them cannot be made at all.

Address

The Business Terrace, Maidstone House, King Street
Maidstone
ME156AW

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

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