Many businesses involved in construction find the constant changes in accounting and tax legislation that surround this are frustrating and time consuming.
However, help is at hand. Fawcetts is one of the leading firms within the area specialising in construction. We draw upon considerable experience when advising clients in this sector, and are able to offer support in all of the areas detailed below:
- CIS registration and compliance
- VAT advice including zero-rating, stage payments and retentions
- IT support in computerised work in progress recording
- CITB and other census returns
- PAYE advice, including employee/subcontractor status.
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Former Conservative Treasury Minister, Lord Jim O’Neil has told the BBC that gloomy predictions for the post-Brexit UK economy are likely to be ‘dwarfed’ by global growth figures surpassing expectations.
He said: “I certainly wouldn’t have thought the UK economy would be as robust as it currently seems.
“That is because some parts of the country, led by the North West, are actually doing way better than people seem to realise or appreciate.
“As well as this crucial fact, the rest of the world is also doing way better than many people would have thought a year ago, so it makes it easier for the UK.”
Meanwhile, speaking at the World Economic Forum in Davos, Stephen Schwarzman, CEO of Blackstone Group, said: “It’s a time of enormous ebullience, part of which was created by really good economic growth.”
However, also at Davos, Barclays CEO, Jes Staley warned against excessive optimism about the state of the global economy.
He said: “Equity markets are at an all-time high and volatility is at an all-time low – that is not a sustainable proposition”.