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The Construction Industry Scheme (CIS): An essential guide for contractors...
Those working in construction have many legal responsibilities. Complying with the Construction Industry Scheme (CIS) and the VAT domestic reverse charge for construction are just two. But you can make...
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How to digitalise your construction firm’s processes and give teams more...
The coronavirus (COVID-19) pandemic has accelerated the shift towards digitalisation in construction – with further intense focus on health and safety, as well as business resilience. In an industry...
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New year, new legislation: What businesses need to know in 2021
Even if it wasn’t for required Brexit changes and the challenges presented by coronavirus, 2021 presents a challenging year from a business administration perspective. Those in the construction...
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Winning work and getting paid: 3 proven tips that give construction firms the...
Over the past five years, JP Morgan Chase has been tracking the financial lives of more than one million small and medium enterprises (SMEs), including construction and trades. While the importance of...
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How construction firms can mobilise digital data and reduce manual paperwork
The UK construction sector is known to work on wafer-thin margins. Yet, according to McKinsey, construction is one of the least digitised industries in adopting digital technologies that could deliver...
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How construction firms can collect and distribute key data to deliver on KPIs
It’s no secret that coronavirus (COVID-19) has caused a rapid acceleration of mobile working for the UK construction industry. In the past, back office staff, often working on site, would be key in...
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Construction Industry Scheme: How the VAT reverse charge affects your business
A shake-up of VAT rules could impact the cash flow of 150,000 small and medium businesses in the UK construction sector, many of whom are covered by the Construction Industry Scheme (CIS). Read this...
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VAT domestic reverse charge for construction: What accountants need to know
The way HMRC collects VAT from construction firms has changed. The VAT reverse charge was announced as part of the 2017 Budget to combat what HMRC estimates to be £100m of revenue lost each year...
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VAT domestic reverse charge for construction: 23 things you need to know
Those working in the UK’s construction industry might have to handle and pay VAT in a different way following the introduction of the new VAT reverse charge system. Here are the answers to some...
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VAT domestic reverse charge checklist for construction firms
If your construction business is part of the Construction Industry Scheme (CIS) then the way you handle and pay VAT is likely to change. The VAT domestic reverse charge for building and construction...
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3 ways to help tradespeople save time and improve efficiency
Tradespeople are some of the busiest workers around. Tradespeople that run their own businesses, even more so. Not only do they spend time working on and completing jobs, they also have to find time to...
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How to find the best accountant for your construction firm
The UK government has introduced a raft of changes to construction accounting. This includes the VAT domestic reverse charge, and new processes for submitting tax returns, via Making Tax Digital, on...
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10 cash flow management tips for construction businesses
Cash flow is the heartbeat of any small business. Managing cash flow for construction businesses is uniquely challenging. In this article on construction cash flow, we break it all down for you. Long...
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Construction Industry Scheme: 6 key things for contractors to understand
As a contractor in the construction industry, understanding tax systems may not always be your top priority, especially given other challenges such as the coronavirus (COVID-19) pandemic. But if you...
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Construction Industry Scheme: What the CIS rule changes mean for you
From the perspective of tax and legislative compliance, 2021 has already been a busy year. But the added burden of Brexit red tape and coronavirus financial support measures have created a perfect...
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How to do construction accounting: Your comprehensive guide
There are so many tasks on a building site that few people have time to take a special interest in construction accounting. But taking control of construction business finances is vital not only for a...
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A free guide on taking the confusion out of construction accounting
If you work in any field related to construction or associated trades, you may wonder how construction accounting differs from more typical business accounting. Our free guide, Taking the confusion out...
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Get the best free builder and construction invoice template
From architects to builders and beyond, if you’re part of the construction industry, you need to get paid for your services on time, every time. To support you in getting the money you’ve worked so...
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7 easy tips for writing your construction business plan
Walt Disney, whose characters inspired the iconic entertainment parks built by the Buena Vista Construction Company, once said: “You can design and create, and build the most wonderful place in the...
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Construction project start-up checklist
Why do you need a construction project start-up checklist? As a tradesperson, running your own construction business is a different kind of challenge from working for someone else. You’re in charge,...
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How a mobile accounting app can help tradespeople reclaim their evenings and...
The UK has seen a £110bn surge in home improvements during the pandemic. While that sounds like a nice problem for tradespeople across the country to have, in reality, many electricians, plumbers, gas...
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How tradespeople can level up their construction businesses in 2021
The construction industry is constantly evolving and changing, with new trends and ways of doing things popping up all the time. So, what’s never coming back? What’s here to stay? And what’s about to...
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How to manage cash flow in the construction industry
Maintaining steady cash flow in the construction industry is critical for a project to be successful. You need fast access to key metrics and indicators before, during and after a job to forecast cash...
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Trade secrets to building a plumbing side hustle
Have you ever thought, “Am I in the wrong business? Should I learn a trade?” You’re not alone. The idea of becoming a carpenter, roofer, plumber, or fitter is very tempting. There’ll always be demand...
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