If you work in the construction industry, often there is no fixed business structure.
It can be a minefield to make sure you comply with all the HMRC rules of the Construction Industry Scheme (CIS).
Xero CIS helps automate collecting taxes from subcontractors. It will help you avoid expensive mistakes.
Contractors must report to HMRC on a monthly basis giving details of all the subcontractors that have been paid.
Xero Accounting for Construction
Xero is beautiful accounting software which helps you manage your day-to-day accounts, process expenses, bills and invoices.
Above all you will see your accounts in real-time, great for watching cash-flow. It also allows your accountant to see your transactions and keep you on track.
Many small construction firms fail because of bad debts.
Especially in the construction industry it is vital to build accounting into your workflow. If you fall behind with your accounts, things can swiftly get out of hand.
Good accounting software, such as Xero, can be a godsend, making things simple and straightforward to manage.
Xero for Construction Add-Ons
If you use Xero, you have the benefit of automating more of your construction or trade business with apps that make your life simpler.
The complete job management solution for tradies & contractors. Easy to learn, simple to use.
Handles quoting, invoicing, job scheduling and tracking, timesheets and more. It is the #1 job management app for trades such as electricians and plumbers.
Tradify integrates seamlessly with Xero.
Intuitive job management software designed for tradesmen by tradesmen. Quotes, schedules, invoices, timesheets, GPS tracking and seamless integration.
For further details of Xero construction apps, click on the link: https://apps.xero.com/uk/industry/construction-trades