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Building blocks to better accountancy in Construction

September 02, 2024•1 min read

At J.Jervis Accounting, we have compiled some of the latest construction news to keep you informed.

We understand the construction industry is unique and, therefore, has very specific accounting and financial requirements. The UK government plans to introduce a raft of changes,, including the forthcoming VAT domestic reverse charge (postponed until 2021), new processes for submitting tax returns (via Making Tax Digital), and requirements for processing payments in the Construction Industry Scheme (CIS).

Working In the construction industry? 👷‍♀️👷‍♂️🏗 You might find this article on CIS 340 and changes that are being implemented an interesting read ⬇️

About J.Jervis Accounting Services LTD: With a proven track record of business problem-solving, attention to detail and a passion for customer service – we help businesses through efficient bookkeeping 📚

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J. Jervis

With 25 years of experience spanning two diverse industries—construction and the charity/voluntary sector—clients seek our expertise to alleviate the burden of tax-related concerns. By entrusting us with their financial matters, they are able to focus on growing their businesses, assured that their month-end and year-end processes will be streamlined and stress-free.

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FAQ

What is the difference between bookkeeping and accounting?

Bookkeeping is the process of recording financial transactions and preparing financial reports. Accounting is a broader term that encompasses bookkeeping, as well as other tasks such as financial analysis, tax planning, and auditing.

What kind of businesses do you work with?

We work with a variety of small businesses, including restaurants, retail stores, professional services firms, and online businesses.

What are your qualifications and J Jervis Clients Experience?

All of our bookkeepers are qualified and experienced professionals. They have the necessary training and experience to provide accurate and reliable bookkeeping services.