Yamin Faruk

Do Limited Companies Need CIS Registration Heres What You Need to Know

Do Limited Companies Need CIS Registration? Here’s What You Need to Know

Accounting, Business, Construction, Limited Company / By /

Running a limited company in the construction sector comes with many responsibilities and one of the most important is understanding CIS (Construction Industry Scheme). CIS is a set of HMRC rules that controls how payments are made between contractors and subcontractors in construction. Its main purpose is to make sure the right amount of tax […]

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6 Red‑Flag Metrics Construction Accounting

6 Red‑Flag Metrics in Construction Accounting That Every UK Contractor Should Track

Accounting, Business, Construction / By /

Construction works very differently from most other industries. Projects can last for months or even years. Costs usually build up at the start, with large spending on materials, labour, and equipment before any payments are received. When you add delays, contract changes, and complicated payment terms, problems can easily go unnoticed until they become serious.This

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Featured image of CW - 6 Signs Your Construction Company Needs fractional CFO

6 Signs Your Construction Company Needs fractional CFO services

Accounting, Business, Construction / By /

Managing a construction company is challenging. Multiple projects, tight deadlines, and fluctuating cash flow can quickly become overwhelming. A fractional CFO is a part-time financial expert who provides strategic guidance, financial oversight, and planning without the cost of a full time CFO. In this article, you’ll learn 6 clear signs your construction business needs fractional

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What Happens to Your Company’s Debts After Liquidation - Featured image

What Happens to Your Company’s Debts After Liquidation?

Accounting, Company Liquidation, Limited Company / By /

When a company can’t pay its debts or decides to close, it goes through liquidation. A liquidator is a person who helps close the company properly. They collect and sell the company’s assets and use the money to pay back creditors in a set legal order. What Happens to Debts During Liquidation When a company

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Prevent Your Business from Entering Liquidation - Blog image

How to Prevent Your Business from Entering Liquidation: Warning Signs and Early Interventions

Accounting, Business, Company Liquidation / By /

Every business big or small can face financial challenges. Issues such as cash flow shortages, mounting debts, or the loss of key clients can quickly escalate if not addressed. When these problems remain unresolved, a business may be forced into liquidation a formal process where assets are sold to repay creditors. Liquidation carries serious consequences,

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featured image of Impact of Liquidation on Employees

The Impact of Liquidation on Employees: Wages, Redundancy, and More

Accounting, Company Liquidation, Limited Company / By /

When a company goes into liquidation, it means the business can’t pay its debts and must close down. An Insolvency Practitioner is appointed to sell the company’s assets and use the proceeds to pay its creditors. Liquidation doesn’t just affect the business and its directors it has a direct impact on employees too. Staff may

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Handle an Overdrawn Director’s Loan Account During Liquidation - blog image

How to Handle an Overdrawn Director’s Loan Account During Liquidation

Accounting, Company Liquidation, Limited Company / By /

A Director’s Loan Account (DLA) is a record of money a director has either borrowed from or lent to their company. It can include personal withdrawals, expenses, or loans made to the business. When a Director’s Loan Account (DLA) is overdrawn, the director owes money to the company. This can happen if personal withdrawals exceed

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Corporation Tax Late Payments penalties - blog image

Corporation Tax Late Payments: Everything You Need to Know About Penalties and Interest

Accounting, Business, Limited Company / By /

Corporation Tax is a tax that limited companies in the UK pay on the money they earn. Just like people have to file Self Assessment tax returns, companies must submit a Corporation Tax return and pay their tax by HMRC’s deadlines. Paying on time is important. It doesn’t just keep your business legal it also

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Zero-Rated VAT Supply in the UK - blog image CW

What Counts as a Zero-Rated VAT Supply in the UK

Accounting, Construction, Limited Company / By /

If you’ve ever run a business in the UK, you know that VAT can feel complicated. How different VAT rules affect everyday sales, and one category that often confuses people is zero-rated VAT. In simple terms, zero-rated supplies are goods and services that are taxable but charged at 0% VAT. That means your customers don’t

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