Blogs

A Look Back: Construction 2025 and Our Year in Review

The Best Part About Owning Your Own Company

I was there with an insolvency practitioner, as the business is now uncertain whether it can survive.

The construction industry is no stranger to challenges. Fluctuating material costs, labour shortages, and changing market trends mean staying competitive requires more than skilled labor and excellent project management. Accurate financial data is the foundation for making informed decisions and ensuring long-term success.

If you’re a construction business owner operating under the Construction Industry Scheme (CIS), you’ve likely come across the term “gross payment status.” But what does it mean, and is it worth applying for? In this blog post, we’ll explore what gross payment status is, its benefits, and how it could transform your business’s financial operations.

Running a construction business is challenging enough without having to deal with outdated and inefficient accounting processes. When a construction client came to us after working with one of the largest accountancy firms in Essex, it was clear they needed a major upgrade in how their finances were managed, and a change to modern accounting.

Say Goodbye to Double Cab Pick-ups…

Following the Autumn budget, double cab pick-ups are going to be classified as cars for tax purposes from April 2025.

The Chancellor’s Autumn Budget 2024 introduces several significant changes affecting business owners. Here’s a summary of the most relevant updates

When it comes to running a business, it’s natural to focus on saving money—especially when it comes to reducing your tax bill. But sometimes, spending to save tax isn’t the smartest move. This week, I had a meeting with a construction client who had a fantastic year. They had solid profits and strong cash reserves. With their year-end approaching, we discussed how they might save on corporation tax before it was too late

In recent times, mid-sized and small construction businesses have been facing growing challenges due to aggressive pricing strategies from larger contractors. As the construction market experiences fluctuations, large firms are increasingly bidding on smaller projects