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