A construction accountant aids in construction software implementation by assessing needs, managing data migration, configuring financial tools, offering training, ensuring compliance, and optimising financial management for construction projects.
As Construction Accountants, we get questioned a lot regarding schedular payments and contracting. Our advice is keep it simple. Schedular payments are made to self employed people or contractors who do not work for a PAYE wage. The tax deducted from these payments is called withholding tax.
If you’re a construction business owner and use part of your family home for work, you can make a claim for this as a business expense. In order to claim the expenses, there must be a connection between the use of your home and the business income being generated.
Understanding your tax obligations as a sole trader is essential, but it's also important to know how to best maximise your tax efficiency. As construction accountants we deal with a lot of sole traders