Construction contractors in high demand

by SJD Accountancy on April 18, 2014

SJD Accountancy - constructionContractors working in construction will be pleased to learn that the sector has seen a massive boost.

There have been many positive reports carried out over the last few months with regards to the construction sector; for example, in the Markit/CIPS UK Construction Purchasing Managers’ Index (PMI) January saw UK construction companies start the year with an acceleration of output growth at their units, boosted by sharp rises in incoming new work.

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SJD Accountancy - UK economy confidence

A new survey has revealed that the majority of contractors expect the economy to improve over the next year.

The recent quarterly survey carried out by the Professional Contractors Group (PCG), has shown that an incredible 70.1% of contractors are optimistic about the economy.

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SJD Accountancy - manufacturingContractors and Limited company owners in the manufacturing sector will be pleased to hear that the sector is experiencing significant growth.

At the beginning of the year, research from BDO and manufacturers’ organisation EEF made the prediction that the sector would grow by 2.7% in 2014, and it seems that those working in the manufacturing sector are indeed seeing not only strong growth, but an increase in job opportunities too.

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SJD Accountancy - Real Time InformationHMRC are urging employers, such as Limited company contractors, to send their employees’ Pay As You Earn information in Real Time, or they may face penalties.

More than 70,000 employers are being urged by HM Revenue & Customs to use the RTI (Real Time Information) method in order to file their PAYE returns by the end of year.

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SJD Accountancy - late invoicesThe UK’s contractors and Limited companies could be owed up to £2.5 billion each year by late payments, revealed a new report.

New research from payments provider Worldpay, surveyed over 1,000 mobile tradespeople and micro businesses in the UK, and found that 75% of respondents have had a late payment from a client in the last year.

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