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Filtered By Category: Property & Construction

Nov 16 2018

Capital Allowances for Structures and Buildings

Categories: Property & ConstructionTaxation

The Chancellor announced at the 2018 budget that the government will introduce a new Structures and Building Allowance (SBA) for new non-residential structures and buildings. Relief will be provided on eligible construction costs incurred on or after 29 October 2018. The key features of the SBA are – Relief to be given at a flat more

Sep 17 2018

VAT changes within the construction sector coming late 2019

Categories: Property & Construction

VAT fraud within the construction sector is costing the Exchequer around £100m a year with the cases of fraud generally occuring between the sub-contractor and the contractor. The sub-contractor provides the contractor with labour and charges VAT on the supply. The sub-contractor collects the VAT from the contractor, but then disappears without paying it over more

Jul 31 2018

Recognising profits and losses on construction contracts

Categories: Property & Construction

With a number of high profile construction companies recently going in to liquidation, it is a reminder that no matter what size of business you are, the need to keep accurate financial records on your construction contracts is paramount. Outcome if the contract can be estimated reliably If the outcome of a construction contract can more

May 21 2018

Tax and financial planning for the purchase of equipment

Categories: Property & Construction

Investing in more expensive, quality equipment rather than purchasing cheaper equipment that requires regular repairs, is not a new theory, but one that is still not fully embraced by companies working in the construction industry. In the long run the cheaper equipment can end up costing companies more money and inconvenience, in terms of unplanned more

Apr 30 2018

The impact of technology on training in the construction industry

Categories: Property & Construction

Some of the biggest challenges for the construction industry include improving the skillset of those working in the industry and keeping pace with modernisation. One of the areas that has been impacted by modernisation, through technological advancement, is equipment and safety training. Previously for training on plant equipment there was more one-to-one training and small more

Feb 12 2018

Construction companies could be missing out on thousands of £s of tax relief

Categories: Property & ConstructionTaxation

Research & Development (R&D) tax credits are available to limited companies subject to UK corporation tax, yet take up of the relief is lacking amongst SME’s, particularly within the construction sector. Construction companies often do not consider these claims applicable to them. However, due to the continuous innovation and bespoke solutions provided by the construction more

Feb 1 2018

Funding for Growth using Non-Bank Funding

Categories: Property & Construction

Typically, if the bank manager said “no”, there were very few alternative funding providers. Where-as today, there is an overabundance of potential funding sources. Peer-to-Peer (“P2P”) or Crowd funding SME secured lending is readily available for Scottish SMEs providing a real alternative to borrowing from the high street banks. Loans range from £100,000 to £5m, more

Dec 2 2017

Working with Blueprint Recruitment

Categories: Property & Construction

A Fife recruitment company, which has found personnel for some of the most high-profile construction and manufacturing projects in Scotland, is celebrating its 10th anniversary with a £16M turnover. Since its inception in 2007, Glenrothes-based Blueprint Recruitment has grown into one of the country’s leading technical, construction, administration and engineering recruitment companies. Turning over £1M more