Construction Accounting in the UK: Why Cash Flow, Job Costing and CIS Can Make or Break Your Business
If you run a construction business, you already know the numbers never behave like they do in other industries. You can have a full order book, teams on site, invoices going out… and still feel like cash is constantly tight. That’s not poor management — it’s the nature of construction accounting, and getting it right […]
Making Tax Digital: The Magic and Myths
Making Tax Digital (MTD) has become one of the most talked-about changes in UK tax for construction companies, property developers, landlords, and tradespeople, yet there is still a huge amount of confusion, misinformation, and outright myths surrounding what MTD actually means for your business. If you’re in the construction industry, run a building company, manage […]
VAT Reverse Charge for Construction Services
A VAT reverse charge is a VAT accounting mechanism where the recipient/customer accounts for the VAT that would normally be charged by the supplier. In the construction reverse charge context, this is implemented via the Value Added Tax (Section 55A) (Specified Services and Excepted Supplies) Order 2019 and related amendments, which apply the reverse charge to defined construction services […]
What is the Best Accounting Software for Construction Businesses?
Choosing the right accounting software is one of the most important decisions for any construction business. Whether you’re a sole trader, subcontractor, or running a growing limited company, your software needs to handle CIS, VAT, invoicing, and cash flow without slowing you down. At Baywood Accounting, we specialise in supporting construction businesses, helping you choose, […]