9 Tips to Reduce Debtor Days for Construction Business Owners
Steady, reliable cash flow is crucial for the survival of your construction business – so taking steps to ensure your customers pay promptly is a key priority. Debtor days refers to the length of time it takes clients, on average, to pay you for the work you’ve done. A higher number of debtor days means […]
Record keeping for construction businesses
If you’re a contractor, it can be challenging to manage a hectic schedule and complex projects, all while ensuring your paperwork, documents, and contracts are in order. It’s important to keep a paper trail of your work and practice due diligence. Keeping all your working documents in order shows that you treat your business, customers, […]
Tips for managing construction industry cashflow
Owning a small business in the construction industry can be incredibly stressful. In addition to the long days and difficult working conditions, you have to worry about cash flow issues. It can take a long time to collect on payment from your clients or contractors who hired your business, and in the meantime you have […]
Construction Industry VAT Reverse Charge
What is the Construction Industry VAT reverse charge? If your business operates in the Construction Industry Scheme (CIS) and you’re vat registered, you need to be aware of vat changes scheduled to be introduced on 1 March 2021 which may affect your business. The new rules will affect how vat is accounted for. What […]
Why we Specialise in Working with Businesses in the Construction Industry
The construction industry is one of the business sectors we specialise in. We have many clients in the construction industry including specialist subcontractors, main contractors, design consultants, surveyors, civil engineers, lettings agent and property developers to name just a few. It made perfect sense to focus on this industry as my background, before I started […]