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62<br />
Keeping Busy<br />
by Chris Alcock - CMA Accountancy<br />
Tradespeople are busy people, often working six or<br />
seven days a week. On any given week, you’ll be visiting<br />
potential customers, preparing quotes, moving from job<br />
to job, submitting and chasing invoices and dealing with<br />
the occasional emergency call-out too.<br />
It doesn’t leave a lot of time for you and your family, so<br />
the last thing you want to be doing at the weekend is<br />
sorting out essential tasks such as bookkeeping, payroll,<br />
managing cashflow or getting on top of your accounts<br />
and tax returns ahead of the deadlines.<br />
That’s where CMA Accountancy can help you - we work<br />
with the full range of trades such as plumbers, electricians,<br />
gas engineers, plasters, painters and almost any other<br />
trade you can think of.<br />
All businesses need the support of an accountant who<br />
knows their industry well.<br />
By specialising in this sector, CMA Accountancy have an<br />
extensive experience of how to;<br />
• Select the best cloud accounting software and<br />
associated apps to use<br />
• Understanding the Construction Industry Scheme so<br />
you are fully compliant<br />
• Manage your VAT and Making Tax Digital reporting<br />
• Understand the Domestic Reverse Charge VAT<br />
changes being implemented by HMRC and how<br />
these will impact your business<br />
• Pay your staff<br />
• Structure your business in the most tax-efficient<br />
manner<br />
We can help with all of that and advise on how you can<br />
scale-up your business using cloud accounting software<br />
such as Xero and QuickBooks for on-the-go financial<br />
recording and reporting. This will enable you to invoice<br />
clients as soon as the work is completed and help you stay<br />
on top of your cashflow.<br />
Whilst we have a selection of packages for the trades, we<br />
also understand that not every business is the same. After<br />
an initial meeting or call between us, we will be able to<br />
tailor our services to suit your individual requirements<br />
and allow you to retain as much control over your<br />
bookkeeping and accounts as you would like.<br />
If your business is just you, operating as sole trader, we can<br />
handle your end of year tax return and advise on ways to<br />
reduce your tax bill overall. But if you employ a number of<br />
staff, we can look after your payroll, workplace pension’s<br />
administration and give advice on how to structure your<br />
business for ultimate tax efficiency.<br />
If you have any questions regarding the any of the topics<br />
covered in this article or would like to see how switching<br />
to online software such as Xero can make your business<br />
life easier then please do get in touch.<br />
Chris Alcock ACMA - CMA Accountancy<br />
39 Skull House Lane, Appley Bridge, <strong>Wigan</strong>, WN6 9DR<br />
01257 255521 chris@cma-accountancy.com<br />
www.cma-accountancy.com
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