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Building & Construction

Friend & Grant Chartered Accountants have been helping small and medium sized businesses in the Medway towns and North Kent for over 20 years

23rd July 2020
tree at night by water

What is factoring?

Need finance to cope with your business growth? Have you considered factoring? If not then please read our article which looks at what is factoring and 8 key points to consider when choosing a factor.

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3rd July 2020
person holding grinder

Warning! Doing works on a property? You might need to operate a Construction Industry (CIS) scheme.

The construction industry scheme is designed to stop tax on invoices raised by the self employed or limited companies (called subcontractors) who provide labour within the construction industry to businesses which are also within the construction industry (called contractors).

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10th February 2020
man wearing blue hard hat using hammer

Construction Industry Pitfall Number 4: All About The Tax

Poor book-keeping alone doesn’t usually bring a business down. Usually the accountant will step in to clean the books up and calculate the company’s tax liabilities with time to spare. But it’s different for construction, primarily due to CIS.

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22nd January 2020
man and woman talking

Will Proposed Changes to Off-Payroll Working Rules Affect You?

The off-payroll working rules, known as IR35, were introduced in 2000 to ensure that individuals who work like an employee, but through an intermediary such as a company, pays similar taxes to other employees. Important changes are being introduced in April 2020. There has been a lot of press recently (and most of it negative) stating how many businesses are going to be badly impacted by the changes.

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16th January 2020
calculation and coins

Construction Industry Pitfall Number 3: Cash Is King

Over the past 30 years we’ve worked with countless small and medium sized building and construction businesses. Many have flourished but unfortunately some have failed…. And cash flow is one issue which comes up time and time again.

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8th January 2020
carillion

Construction Industry Pitfall Number 2: Construction Failures are on the Increase- How Can I Protect my Business?

Unfortunately failures in construction are common place. In 2018 Carillion went down owing £7bn, bringing down countless other businesses. Sometimes it is impossible to avoid the collapse of a business.But there's actions you can take to reduce the risk

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2nd December 2019
Construction pitfall

Construction Industry Pitfall Number 1: Are Your Workers Genuinely Self Employed?

Are you really sure that your employees are self -employed? HMRC have a great toolkit to help you. If in doubt we can help

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15th November 2019
men on building site

Next Steps re VAT Domestic Reverse Charge for the Construction Industry

The delay in the domestic reverse charge VAT for construction services was welcomed by many in the Construction industry as it has given affected businesses another year to prepare for the changes. The changes have been detailed by us in a previous blog and will have a major impact on the construction industry. Here’s our plan to ensure a smooth implementation of the changes.

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12th June 2019
builders

Important VAT Changes to the Construction Industry - Do Not Ignore!

In the Government’s ongoing campaign to eliminate the effects of fraud, HMRC are bringing in new legislation from 1 October 2019 that will significantly affect the construction industry. This new legislation is the “Construction Reverse Charge”. The changes are major and if you provide labour in the construction industry then you will be impacted!

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Bryant House - Friend and Grant Chartered Acocuntants and Tax Advisors

Book Your Discovery Meeting

Are you hungry for success? If you run a small to medium size business and you want to grow your sales, increase profitability and pay less tax then you have come to the right place.