Accounting Services for Electricians
Managing a successful electrical business involves more than just completing jobs—it requires meticulous financial management to handle income, expenses, and tax compliance. At Jermyn & Co, we specialise in providing tailored accounting services for electricians, helping you streamline your finances, reduce tax liabilities, and focus on growing your business.
Whether you’re a self-employed electrician, operate a small team, or manage a larger electrical contracting business, our expert team ensures your finances are in safe hands.
Why Jermyn & Co?
Why Choose Jermyn & Co for Electrical Business Accounting?
At Jermyn & Co, we understand the unique financial challenges electricians face, including fluctuating income, managing materials costs, and complying with VAT and CIS rules. Our services help you:
- Stay Compliant – Navigate self-employment, VAT, and CIS regulations confidently.
- Optimise Tax Efficiency – Claim allowable deductions to minimise your tax bill.
- Simplify Financial Management – Streamline bookkeeping, invoicing, and expense tracking.
- Plan for Growth – Develop strategies to expand your business or invest in equipment.
With our tailored support, you can focus on completing your electrical projects while we manage your financial needs.
Accurate Records
Tax Savings
Time Savings
Scalability
Jermyn & Co
Core Accounting Services for Electricians
We provide a full range of accounting services tailored specifically for electricians and electrical contractors:
1. Bookkeeping and Expense Management
Keeping accurate financial records is essential for electricians. We assist with:
- Tracking income from contracts, jobs, and maintenance work.
- Organising expenses such as tools, materials, fuel, and insurance.
- Maintaining clear and organised records to support tax filings and financial planning.
2. Tax Planning and Self-Assessment
As a self-employed electrician or small business owner, tax planning is critical. We provide:
- Preparation and submission of self-assessment or corporate tax returns.
- Advice on deductible expenses, such as tools, training courses, and travel.
- Strategic tax planning to reduce liabilities and improve cash flow.
3. CIS (Construction Industry Scheme) Compliance
If you work as a subcontractor or hire subcontractors, CIS compliance is essential. We help you:
- Register for CIS and manage deductions on payments.
- Submit accurate monthly CIS returns to HMRC.
- Ensure compliance to avoid penalties and over-deductions.
4. VAT Registration and Compliance
Many electricians must register for VAT, especially when working on large contracts. We assist with:
- VAT registration and advice on schemes such as the Flat Rate Scheme.
- Preparing and submitting VAT returns in compliance with Making Tax Digital (MTD).
- Managing VAT for materials, supplies, and labour.
5. Payroll and Employee Management
If you employ apprentices, electricians, or office staff, we simplify payroll by:
- Calculating wages, National Insurance contributions, and pensions.
- Ensuring compliance with HMRC regulations for PAYE.
- Structuring employee benefits to attract and retain skilled workers.
6. Financial Reporting and Performance Analysis
Understanding your financial performance is key to long-term success. We provide:
- Monthly and quarterly financial reports to track revenue, costs, and profitability.
- Insights into high-performing projects or services.
- Recommendations for cost-saving measures and efficiency improvements.
7. Strategic Planning for Growth
Looking to expand your electrical business, invest in new equipment, or hire additional staff? We offer:
- Long-term planning to adapt to market trends and customer demands.
- Budgeting and cash flow forecasting to support growth initiatives.
- Guidance on financing options for equipment purchases or business expansion.
Jermyn & Co
What our clients say about their experience with us
Jermyn & Co
Frequently Asked Questions about Tax for Electricians
You can claim expenses such as tools, uniforms, training courses, vehicle costs, insurance, and advertising. We ensure all eligible deductions are included.
If your annual turnover exceeds £85,000, VAT registration is required. We’ll guide you through compliance and manage VAT returns.
Yes, we specialise in managing CIS compliance for subcontractors and contractors, including registration, deductions, and filing monthly returns.
Our strategic planning services include cash flow forecasting, budgeting, and advice on financing options to help you expand your services or invest in new equipment.
Our Accountancy Services
We offer a range of services to help you manage your finances and grow your business.
Why Jermyn & Co?
Why Choose Jermyn & Co for Your Accounts?
At Jermyn & Co, we’re more than just accountants – we’re your partners in success. Our accountancy services are designed to help you:
- Stay Compliant – Ensure your financial records meet HMRC and Companies House requirements.
- Save Time – Let us handle the numbers while you focus on growing your business.
- Improve Efficiency – Streamline processes and reduce errors with expert support.
- Plan for Growth – Use actionable insights to guide your financial decisions and achieve your goals.
With our proactive approach, you’ll gain the confidence and clarity you need to succeed.
Why Jermyn & Co?
Why Choose Jermyn & Co for Business Tax?
Tax legislation in the UK can be complex and ever-changing, but with Jermyn & Co by your side, you’ll have access to expert advice and practical solutions.
Our services include:
- Strategic Tax Planning – Helping your business plan effectively to reduce your overall tax liabilities.
- Corporation Tax Filing – Ensuring accurate and timely submissions to HMRC.
- VAT Compliance – Assisting with VAT registrations, returns, and managing thresholds.
- R&D Tax Credits – Maximising available credits for your innovation and development projects.
- Self-Assessment Support – Tailored assistance for self-employed individuals or partnerships.
With our expertise, you can focus on running your business while we handle the numbers. We’re committed to helping you stay ahead of deadlines and legislation changes.
Corporation Tax Compliance
VAT Services
R&D Tax Credits
Tax Planning and Advisory
Why Jermyn & Co?
Why Choose Jermyn & Co for Personal Tax?
At Jermyn & Co, we understand that everyone’s financial situation is unique. Our personal tax services are designed to help you:
- Optimise Tax Efficiency – Leverage allowances, reliefs, and deductions to minimise your tax liability.
- Ensure Compliance – Stay on top of filing deadlines and HMRC requirements to avoid penalties.
- Plan for the Future – Align your tax strategy with your long-term financial goals.
- Simplify Tax Complexity – Let us handle the details so you can focus on what matters most.
From simple tax returns to complex financial arrangements, we provide expert advice and support tailored to your needs.
Proactive Tax Planning
Expert Guidance
Tailored Solutions
Stress-Free Compliance
Why Jermyn & Co?
Why Choose Jermyn & Co for Corporate Finance?
At Jermyn & Co, we understand that every business is unique. Our experienced team offers a personalised approach to corporate finance, helping you:
- Secure Financing – Access the funding you need for expansion, acquisitions, or working capital.
- Plan for Growth – Develop tailored financial strategies to achieve your business objectives.
- Manage Mergers & Acquisitions – Navigate complex transactions with confidence, from valuations to negotiations.
- Optimise Financial Performance – Streamline processes, reduce costs, and maximise profitability.
Whether you’re a start-up seeking investment or an established business exploring new opportunities, we’ll provide the expert guidance you need to succeed.
Business Valuations
Mergers & Acquisitions (M&A)
Fundraising & Investment
Financial Modelling
& Forecasting
Why Jermyn & Co?
Why Choose Jermyn & Co for HR Services?
At Jermyn & Co, we understand that every business is unique, and so are its HR needs. Our tailored HR services help you:
- Stay Compliant – Meet the latest UK employment laws and regulations with ease.
- Save Time and Resources – Let us handle the admin while you focus on growing your business.
- Engage Your Team – Build a positive, productive workplace with our employee engagement solutions.
- Grow with Confidence – Ensure your HR strategy aligns with your long-term business objectives.
Whether you need ongoing HR support or help with a specific issue, our experienced team is here to assist.
Payroll Management
HR Compliance
Employee Engagement & Retention
Training & Development
Why Jermyn & Co?
We offer tailored accounting services to various sectors through Norfolk & Suffolk.
Jermyn & Co
Who We Support
Our services are designed to meet the needs of a variety of electricians and electrical businesses, including:
Electrical Contractors – Larger businesses managing multiple contracts and projects.
Self-Employed Electricians – Independent professionals managing their own business.
Small Electrical Teams – Electricians working with a small crew of employees or subcontractors.
How We Help Electricians Succeed
At Jermyn & Co, we provide more than just accounting services – we deliver strategic insights to help electricians manage their finances effectively and grow their businesses. From handling day-to-day financial management to planning for future expansion, our proactive approach ensures your business is financially sound and future-ready.
Ready to Take Control of Your Finances?
Talk To Us
Schedule a consultation to discuss your accounting needs.
Plan and Implement
We’ll create a customised financial strategy for your electrical business.
Achieve Results
Streamline your finances, stay compliant, and grow your business with expert support.
Sector-Specific Services and Related Offerings:
