C F W Accountants LLP

CFW Accountants LLP, has been providing expert advice and accountancy services to the construction sector.

At CFW Accountants LLP we are experts in construction, which can be a complicated industry to operate in.

We have experience in dealing with numerous contractors within Northamptonshire and across the UK, providing taxation advice specifically regarding the Construction Industry Scheme (CIS).

Talk to an expert

There can be numerous trades involved in construction, which include:

  • Bricklayers
  • Carpenters
  • Demolition and dismantling
  • Electricians
  • Groundworkers
  • Plumbers

It is important to note that CIS rules still apply even if your business is based outside the UK, but you carry our construction work as a contractor or subcontractor in the UK.

Talk to our team to find out how we can help you with CIS and let us take the hassle away from you.

We can help you with:

  • HMRC registration
  • Ontime payments within CIS and avoid penalties
  • Keep you accounts in order
  • Updating you with any changes to CIS

C F W Accountants LLP support the following sectors.

Charities

Our team will provide the insight and expertise you need, whether that is with tax, VAT, compliance or one of the many other challenges you face, we can help. We will make sure you receive the best service possible, allowing you to minimise risk and ensure you are complying with all regulations.

Property & Landlords

We can help advise across any taxation, legislative and contracting issues that occur.

Construction

We have experience in dealing with numerous contractors within Northamptonshire and across the UK, providing taxation advice specifically regarding the Construction Industry Scheme (CIS).

Latest news from C F W Accountants LLP

November 14, 2024
Self-assessment tax returns: Counting down to 31 January

HM Revenue and Customs (HMRC) have begun reminding taxpayers that time is ticking for getting self-assessment tax returns filed in time for the 31 January 2025 deadline.

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November 13, 2024
Agricultural and business property relief: What happened in the Budget?

Changes to inheritance tax were announced in the Budget that have caused consternation to farmers and business owners across the UK. What exactly is changing and what could this mean for you?

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November 11, 2024
Base rate drops to 4.75%

As had been widely expected, the Bank of England reduced the interest base rate to 4.75% last week. This was due to inflationary pressures easing in recent weeks.

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November 7, 2024
Bus fare cap to increase to £3

Two days before the Budget, the Prime Minister announced that the cap for single bus fares would be increased to £3 from its current £2.

Read article
November 6, 2024
Businesses count the cost of increases to Employers National Insurance

As has been widely expected in the last few weeks, the Chancellor, Rachel Reeves, made some significant changes to the Employers National Insurance (NI) rate and threshold in the Autumn Budget.

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November 4, 2024
Autumn 2024 Budget speech: History in the making?

On 30 October 2024, Rachel Reeves delivered her first Budget speech. As the first Budget speech ever delivered by a female Chancellor of the Exchequer, the occasion was bound to be one for the history books regardless of what was said.

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October 31, 2024
New regulations of Buy-Now, Pay-Later proposed

The UK government has announced a consultation on new legislations designed to regulate Buy-Now, Pay-Later (BNPL) products. The forthcoming rules, which will bring BNPL products under the supervision of the Financial Conduct Authority (FCA), are designed to provide the same key protections for BNPL as exist for other consumer credit products.

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October 30, 2024
Employment Rights Bill progresses and consultations are launched

Following the release of the Employment Rights Bill, its Impact Assessment was published last week showing that the new Bill will have a “positive direct impact on economic growth.”

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March 21, 2024
High-Income Child Benefit Charge

In an effort to reduce unfairness, during the Spring Budget on 6 March 2024, Chancellor Jeremy Hunt announced the thresholds for the High-Income Child Benefit Charge will be increased from 6 April 2024. This will affect any higher rate earner who is entitled to claim Child Benefit.

Read article
March 22, 2024
Are you or your employees making good use of Tax-Free Childcare?

Tax-Free Childcare is available to working families to help them save on their childcare costs. However, many may not be making use of this provision and with the Easter break soon upon us, HM Revenue & Customs (HMRC) is encouraging families who have not yet signed up to consider doing so.

Read article
March 25, 2024
Increase to small company thresholds

Thresholds based on a company’s accounts and employee numbers determine whether a company is categorised as small or not. Being able to qualify as a small or medium sized business can cut red tape for a business with the reduced amount of both non-financial and financial reporting a small or medium sized business is required to do.

Read article
March 27, 2024
Employers – Are you ready for the new tax year?

The new tax year begins on 6th April and for employers running monthly payrolls, the March pay run will be the last of the 2023/24 tax year.

Read article
March 28, 2024
Major reforms to apprenticeships announced

The Prime Minister, Rishi Sunak, has announced reforms to apprenticeships that will enable up to 20,000 more apprenticeships and could be especially welcome news to small businesses.

Read article
April 4, 2024
Could the VAT Annual Accounting Scheme be good for your business?

VAT-registered businesses normally submit their VAT returns and payments to HM Revenue and Customs 4 times a year. However, HM Revenue and Customs also offer an Annual Accounting Scheme for businesses with a taxable turnover of £1.35 million or less.

Read article
April 5, 2024
Payroll reminder – National Insurance rate reducing from 6 April

From 6 April 2024, the 2% cut in employee national insurance contributions will come into effect. Employees will now be deducted 8%, rather than 10%, on monthly earnings between £1,048 and £4,189. A 2% deduction on earnings above this amount continues to apply.

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April 8, 2024
Thinking of buying another business? What due diligence should you consider?

When in business, it’s not uncommon to be approached by another business with a view to you buying the business or entering a partnership deal. It might be a competitor that approaches you, or it could be a customer or supplier.

Read article
March 21, 2024
High-Income Child Benefit Charge

In an effort to reduce unfairness, during the Spring Budget on 6 March 2024, Chancellor Jeremy Hunt announced the thresholds for the High-Income Child Benefit Charge will be increased from 6 April 2024. This will affect any higher rate earner who is entitled to claim Child Benefit.

Read article
March 22, 2024
Are you or your employees making good use of Tax-Free Childcare?

Tax-Free Childcare is available to working families to help them save on their childcare costs. However, many may not be making use of this provision and with the Easter break soon upon us, HM Revenue & Customs (HMRC) is encouraging families who have not yet signed up to consider doing so.

Read article
March 25, 2024
Increase to small company thresholds

Thresholds based on a company’s accounts and employee numbers determine whether a company is categorised as small or not. Being able to qualify as a small or medium sized business can cut red tape for a business with the reduced amount of both non-financial and financial reporting a small or medium sized business is required to do.

Read article
March 27, 2024
Employers – Are you ready for the new tax year?

The new tax year begins on 6th April and for employers running monthly payrolls, the March pay run will be the last of the 2023/24 tax year.

Read article
March 28, 2024
Major reforms to apprenticeships announced

The Prime Minister, Rishi Sunak, has announced reforms to apprenticeships that will enable up to 20,000 more apprenticeships and could be especially welcome news to small businesses.

Read article
April 4, 2024
Could the VAT Annual Accounting Scheme be good for your business?

VAT-registered businesses normally submit their VAT returns and payments to HM Revenue and Customs 4 times a year. However, HM Revenue and Customs also offer an Annual Accounting Scheme for businesses with a taxable turnover of £1.35 million or less.

Read article