The article provides scripts and automation strategies for chasing unpaid invoices via email, SMS, WhatsApp, and phone, tailored for small businesses and contractors.
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.
Square and SumUp allow offline card payments with associated risks, while Zettle requires an active connection, making it unsuitable for areas with no signal.
The article outlines a step-by-step guide for reconciling Square payments with Xero in the UK, emphasising the use of a clearing account and correct VAT handling.
The article explains how to use Square for card pre-authorisation, detailing when to opt for pre-authorisation versus deposits, and providing setup instructions and best practices.
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.
The article provides guidance for UK construction professionals on creating effective interim valuation evidence packs, detailing necessary components, timelines, and photo protocols for JCT and NEC contracts.
Effective quote follow-up strategies include timely WhatsApp messages, automation tools, and compliance with UK regulations to enhance customer engagement and conversion rates.
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 CIS reconciliation Google Sheet template assists UK contractors in efficiently tracking subcontractor deductions, HMRC payments, and reconciling accounts with Xero or QuickBooks monthly.
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.
Builders should understand the difference between estimates and quotes, ensuring accurate documentation to prevent price disputes and maintain clear communication with clients.
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.
This article explains the differences between PAYE payroll for employees and CIS for subcontractors, detailing setup processes in Xero and QuickBooks, and common mistakes to avoid.
Xero automates supplier quotes and purchase orders, streamlining procurement processes, enhancing efficiency, and ensuring accurate job costing for UK trades.
The article outlines how to automate CIS returns using Xero and QuickBooks by capturing job data, setting up workflows, and ensuring compliance with HMRC regulations.
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 provides a comprehensive guide for sole traders and small contractors on calculating their charge-out rates, including formulas, examples, and common pitfalls to avoid.
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.
Small construction trades and subcontractors can legally charge late payment fees on B2B invoices, including statutory interest and fixed compensation, using provided templates and guidelines.
Construction contractors must file a CIS300 monthly return to HMRC by the 19th, even if no payments were made, to avoid penalties.
To set a competitive day rate in 2025, UK tradespeople should research local rates, calculate expenses, and adjust for market demand and personal factors.