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How construction accounting software can help you

How construction accounting software can help you

Estimated to be worth more than £100 billion, the UK’s construction industry plays a vital role in the UK’s wider economy. Proper financial management is integral to the success of any construction business, and that’s where construction accounting software can help.

20% drop in cash flow predicted as trade bodies call for chancellor to delay new VAT rules

20% drop in cash flow predicted as trade bodies call for chancellor to delay new VAT rules

A group of trade bodies - including the National Federation of Builders - have urged the chancellor Sajid Javid to postpone the upcoming Reverse Charge VAT changes due to be introduced in October.

It’s expected that more than 150,000 construction business could face a 20% drop in cash flow once they no longer receive the 20% VAT payment on bills they submit, with many trade bodies predicting a cash flow crisis throughout the industry.

4 Reasons Why Your Business Should Be Using Construction Job Costing Software

4 Reasons Why Your Business Should Be Using Construction Job Costing Software

Lots of construction companies still use generic accounting software, despite construction-specific software being available which can make construction job costing far simpler to manage. There are lots of benefits to be gained from installing construction accounting software, and yet lots of companies are still using manual and outdated systems.

Explore these 4 reasons why your business should be using construction job costing software:

Reverse Charge VAT: What it means for the Construction Industry

Reverse Charge VAT: What it means for the Construction Industry

With the dust barely settled from Making Tax Digital, it’s time to turn our attention to HMRC’s next big change. From 1st October 2019 significant changes are being introduced to the VAT treatment of suppliers within the construction industry.

Spotlight on: Women in Construction

Spotlight on: Women in Construction

The gender pay gap has gained plenty of coverage recently, thanks to new rules requiring large businesses to report the difference in pay between male and female employees.

What Will 2019 Hold for the UK Construction Industry?

What Will 2019 Hold for the UK Construction Industry?

2019 is set to be a critical year for the UK economy, with all eyes on the EU exit date of 29th March. At the time of writing, we don’t know whether the UK will be leaving the EU with or without a deal, but what happens on this date will affect the economy, and the construction industry, for the rest of 2019 and beyond.

2018 in Review: The UK Construction Industry

2018 in Review: The UK Construction Industry

Last year was another busy year for the UK’s construction industry - and not always in the right ways. For many in the industry, it’s been a year of cautious preparation for changes coming in the new year. But there are plenty of signs for optimism, as we’ll explore in this round-up of the biggest construction news of 2018.

UK Budget 2018: Talking points for Construction

UK Budget 2018: Talking points for Construction

Going into this year’s budget, expectations were mixed. During the Conservative party conference earlier in the month, Theresa May declared that the austerity of the past eight years was over. But would Philip Hammond loosen the purse strings in his Budget announcement with Brexit looming?

Prepare for Making Tax Digital in 5 Steps

Prepare for Making Tax Digital in 5 Steps

The biggest change to the UK business tax system since real time information is on the horizon, and around a quarter of small businesses haven’t heard of it.