Financial management and tax guidance for trades.
The article provides guidance on cash flow forecasting for trades using Xero or QuickBooks, including setup tips, open banking advice, and a one-page template.
The article outlines two financing options for tradespeople: self-funded interest-free plans under Article 60F and third-party lenders like Kanda, Vendigo, and Novuna, detailing regulatory requirements and best practices.
The article provides guidance for contractors on invoicing Clean Air Zone and Ultra Low Emission Zone charges, including VAT treatment, bookkeeping practices, and compliance with HMRC regulations.
The article outlines HMRC Advisory Fuel Rates for construction firms, detailing distinctions between company cars and vans, EV charging rates, and compliant record-keeping workflows for Xero and QuickBooks.
AI cash flow forecasting for trades using Xero or QuickBooks and GoCardless enables automatic updates and improved financial management through streamlined invoicing and payment collection.
To verify subcontractors in the Construction Industry Scheme, ensure correct identifiers, resolve error 7912, and follow specific software procedures in Xero, QuickBooks, or Sage.
Making Tax Digital for Income Tax requires self-employed individuals with qualifying incomes over £50,000 to submit quarterly updates starting from April 2026, using compatible software.
To minimise chargebacks, standardise evidence collection with photos, customer sign-off, and secure payment methods while maintaining clear communication and documentation.
The article provides UK tradespeople with guidance on tracking their VAT threshold using a rolling 12-month calculator in Google Sheets to ensure compliance.
The article provides a comprehensive guide on reclaiming VAT through bad debt relief for construction businesses using Xero and QuickBooks, detailing necessary steps and common pitfalls.
This article provides a comprehensive guide on setting up VAT self-billing for CIS subcontractors using Xero and QuickBooks, including necessary agreements and automation options.
The article explains how to set up bank feeds in Xero and QuickBooks for UK trades, addressing the 90-day reconnection requirement and offering troubleshooting tips.
This article outlines the requirements and procedures for issuing CIS payment and deduction statements to subcontractors using Xero and QuickBooks, including deadlines and common mistakes.
The article outlines HMRC's VAT inspection requirements for construction firms, detailing necessary records, compliance checks, and tips for successful inspections.
The article provides a comprehensive guide for UK construction businesses on creating a 13-week cash flow template, detailing essential components, setup, and weekly updates.
The article outlines HMRC mileage rates for 2025-2026, record-keeping expectations, automation options for claims, VAT reclaim rules, and common mistakes to avoid.
The article explains how to manage Domestic Reverse Charge VAT on mixed invoices in Xero and QuickBooks, detailing invoice requirements, setup processes, and common mistakes.
The article outlines a comprehensive automation playbook for managing CIS subcontractor payments, significantly reducing administrative time and errors through streamlined processes and software integration.
The article outlines standard practices for deposits, staged payments, and progress invoicing in UK building jobs, emphasising clear agreements and client expectations.
From 1 April 2022 to 31 March 2027, the installation of qualifying energy-saving materials in homes and certain charities is zero-rated for VAT, reverting to 5% thereafter.
This guide outlines the process for verifying subcontractors under the Construction Industry Scheme, detailing necessary information, verification methods, and automation options for record-keeping.
Construction contractors must file a CIS300 monthly return to HMRC by the 19th, even if no payments were made, to avoid penalties.
The article provides a comprehensive guide on the Domestic Reverse Charge VAT for construction, detailing its application, requirements, invoice wording, and VAT return procedures for UK firms.
The article provides UK trades using Xero with strategies for setting invoice reminders, crafting effective chase emails, and establishing a weekly payment routine.
Understanding VAT options for UK trades reveals that the Flat Rate Scheme offers simpler accounting, while Standard VAT allows for reclaiming more VAT but requires more administration.