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VAT in the UK construction industry is complex, and understanding how different VAT schemes apply is essential for maintaining compliance and avoiding costly errors. From standard VAT to the Domestic Reverse Charge VAT, construction firms need to ensure they are applying the correct rates and processes.

In the fast-paced and highly competitive construction industry, managing costs effectively can make the difference between a project that thrives and one that struggles to stay afloat.

The construction industry has always been a dynamic field, filled with challenges such as tight deadlines, fluctuating costs, and intricate project management demands.

Managing finances in the construction industry is no easy task. With complex project requirements, tight deadlines, and industry-specific regulations, standard accounting tools often fall short. To stay ahead in a competitive landscape, construction businesses need a solution tailored to their unique challenges. That’s where Evolution Mx, our advanced accounting software for construction, steps in - empowering you to streamline processes, improve efficiency, and focus on what matters most: delivering exceptional projects.

Managing time effectively is crucial for construction companies. With so many moving parts and workers spread across multiple job sites, manual time tracking methods can lead to inefficiencies, errors, and missed deadlines.

In the fast-paced and highly competitive construction industry, managing finances can be a challenging task. Projects are often large and complex, involving multiple stakeholders, fluctuating costs, and unpredictable timelines. For construction companies, having a robust accounting system in place is essential to keep track of finances, ensure profitability, and maintain control over project budgets.

The construction industry, known for its large-scale projects, strict deadlines, and intricate workflows, is undergoing a significant digital transformation.

In today’s construction industry, efficiency, transparency, and cost-effectiveness are key to staying competitive.

The implementation of significant reforms in public procurement, originally slated for October 2024, has been postponed until February 2025.

In the competitive world of construction, efficiency, accuracy, and control are essential to ensure projects run smoothly. For construction companies in the UK and Ireland, managing finances, projects, and resources effectively can be complex. With multiple teams, suppliers, contractors, and regulations to consider, a robust solution is necessary.

In the dynamic world of construction, where timelines are tight, budgets are fixed, and quality is non-negotiable, keeping projects on track can be a daunting challenge. To navigate these complexities, construction companies increasingly rely on Key Performance Indicators (KPIs) to monitor progress, identify risks, and drive continuous improvement.

In the construction industry, maintaining profitability while ensuring project accuracy is crucial. This is where cost value reconciliation in construction plays a pivotal role. CVR is a financial process that helps construction businesses monitor and manage the relationship between the costs incurred on a project and the value generated by it. By regularly performing CVR, companies can keep projects on track, identify potential issues early, and ultimately, protect their bottom line.

In today's fast-paced world, the construction industry is undergoing a significant transformation. With projects becoming increasingly complex, and the need for efficiency at an all-time high, traditional methods are no longer sufficient to keep up with the demands. Enter construction software - a game-changer that is revolutionising how construction projects are planned, managed, and executed.

In the construction industry we know that most businesses are striving for efficiency and innovation at every opportunity, there is however only a certain amount of time and money a business can invest before it becomes unprofitable.

In the modern digital age, updates in technology have undoubtedly revolutionised how businesses manage and secure information.

In 2024, many construction companies still rely on spreadsheets for their accounting needs. While spreadsheets have long been a staple in the financial toolkit, they come with significant drawbacks that can impede a company's growth and accuracy in financial reporting. Here’s why construction company accountants should consider moving away from spreadsheets and towards more advanced construction accounting software solutions.

As the summer season approaches, construction accountants need to look ahead to the potential growth opportunities of their business and how they can help success. The transition between seasons can have a real impact on the profitability of construction projects. To ensure smooth financial operations and minimise potential risks, here are some key considerations that construction accountants need to keep in mind before Summer arrives.

We’re proud to announce that the City of Wolverhampton Council has selected Speller Metcalfe for major upgrades to the Central Library and Adult Education facilities as part of the £61M City Learning Quarter development.

Berkeley Group has announced that moving to a new finance system could leave its supply chain facing six weeks without pay.

In fast-paced construction accounting, time is the key to productivity. Accountants in the industry are tasked with managing complex financial transactions, ensuring compliance with regulations, and providing accurate reporting - all while keeping projects on track and within budget. To help navigate these challenges, here are ten ways accountants can harness the power of construction accounting software to save time and improve productivity:

In the dynamic world of construction, good financial management is paramount.

The Construction Industry Scheme (CIS) stands as a crucial component of the UK's construction sector, designed to regulate tax payments for contractors and subcontractors. Instituted by Her Majesty's Revenue and Customs (HMRC), CIS aims to ensure tax compliance within the construction industry, promoting fairness and transparency in financial transactions. This article provides an in-depth exploration of CIS, elucidating its key features, procedures, and implications for stakeholders in the UK construction sector.

In an era where digital transformation is defining industries, construction companies stand at the cusp of innovation.

Did you know that EVERY single working day in the UK two construction workers take their own life, and that stress, anxiety and depression accounts for a fifth of all work- related illness?