Blogs
The knowledge you’re looking for
Why waste time in front of your computer endlessly scrolling through pages of irrelevant content? If you can find a single resource with the necessary answers, why look further? Our online blog aims to give you the valuable information you seek.
Director’s Loan Account: The Real Danger
As a construction business owner, managing your finances effectively is crucial. While tax-saving strategies can be beneficial, they should never come at the cost of your business’s stability. One area where many business owners unknowingly take significant risks is the Director’s Loan Account (DLA).
A recent testimonial from John Rowe, Commercial Director of Bloom Construction Group Ltd
Chris came highly recommended from a business owner I have big respect for in the Construction Industry. From our first meeting, we have been treated with the highest level of professionalism and diligence you could ask for
Running a construction business
If you have an accountant that doesn’t support you, you are going to go without the right support for your construction business for decades.
Employer’s National Insurance, a Tax on Employees or Employers?
If you have 100 employees, and their average salary is £40,000. Then your total wage bill is currently about £4,421,420 including Employer’s National Insurance (ignoring the pension costs).
Double Cab Pick-ups
A reminder before 6th April 2025…the change in classification of double cab pick-ups to commercial vehicles. Following the Autumn budget, double cab pick-ups are going to be classified as cars for tax purposes from April 2025.
CIS doesn’t have to be a headache!
If you’re still manually processing CIS figures, it’s time to stop. With Xero, CIS returns can be calculated almost automatically.
National Insurance: How Will It Impact Your Businesses
If your accountant isn’t proactive, you might be wondering how the upcoming Employer’s National Insurance (NI) changes will impact your construction business from April 2025. With rising costs in the industry, it’s crucial to understand these changes and plan ahead.
Get Off the Tools and Scale Your Construction Business
Get off the tools – As a construction business owner, you’ve probably dreamed of stepping away from the tools, handing over the day-to-day site work, and focusing on scaling your business. But every time you try, you get pulled back into the weeds—managing projects, solving site problems, and even handling the bookkeeping.
VAT and CIS – Why Struggle When You Don’t Have To?
Let’s face it: VAT and CIS can feel like a headache. It’s one of those things that most people wish they could avoid. But for us? It’s our bread and butter.
Virtual Finance Office for Construction Companies
When a business gets to a certain size and can afford to, they start to hire qualified finance staff to take care of the increased finance requirements of the business. The problem is, for small and medium sized businesses, they simply cannot afford to hire the right level of finance support they need. Read below to see how a Virtual Finance Office may benefit you.
Growth on your mind? Let’s talk
We’ll chat about your business, your future, and your aspirations. And then we’ll help you get there.