New Club Helps Builders Prepare Solid foundations for 2010

posted 25.01.2010
Thanks to our colleagues over at BuilderBusiness for this article. 

As the economy starts to show tentative signs of recovery, many involved in the industry will be wondering how they are going to get an edge over their competitors throughout 2010.

Keeping a focus on the job in hand is quite rightly the number one priority however it doesn’t mean the other elements of running a successful business can be let to slip. So builders wanting to make the most of 2010 will be interested to hear of a new club that will provide them direct and easy access to a whole host of services, information and advice.

Called Builderbusiness Club, those who sign up online at builderbusiness.co.uk will automatically become part of the UK’s biggest buying group with members also getting free access to a range of building support services.

The brainchild of builder Adrian Wild, who, with over 25 years experience of running a design and build company is all too familiar with the frustrations and pitfalls of the construction industry and knows how important it is to have the right suppliers, support, tools and finance in place at the right price.

Being first to enquire on a new planning application, finding the best van insurance, getting advice on how to improve your image, getting help on securing finance or making sure your VAT payments are up to scratch are all areas this new club will benefit builders.

Club Helps Builders Keep On Top Of New VAT Rules

An example of how the club is already helping builders is with the new rules on VAT that are being introduced by HM Revenue & Custom (HMRC) from 1 April 2010.

The new legislation means that from the new financial year, some businesses will have to file their VAT returns online and pay any VAT due electronically.

The new rules will apply firstly to businesses that are VAT registered and have a turnover of more than £100,000 and secondly to all businesses that are newly registering for VAT, whatever their turnover.

It means any builders that fall into these categories will have to make sure they fully understand how to comply with the new legislation.

Fortunately Builderbusiness Club members can get hold of what has been labelled as the best accounting software package on the market for builders with added benefits exclusive to the club.

Called Construction Industry Accounts (CIA) it’s an accounting software package designed to handle the new 2007 CIS Scheme, Invoices & Job Costing, Retentions, Applications (Stage Payments) and Certifications

It also helps builders file their VAT returns quickly and makes electronic payments by using the VAT Online service.

Developed specifically for the building industry this fully integrated software package means that only one entry is needed to update all relevant areas. So when it comes to submitting VAT returns or paying VAT, because everything is available at the click of a button it will make the process infinitely easier.

Adrian added: “Construction Industry Accounts is an absolute godsend for those who are looking to keep a close grip on their accounts, want to know how much they are going to make on a job and want to keep up-to-date on their VAT.

“Anyone wanting to make their lives easier in April need to start planning now how they are going to ensure they don’t give HMRC a reason to come knocking. It also links directly to HBXL’s EstimatorXpress estimating software so once an estimate has been produced the revenue and profit generated is automatically updated onto CIA.

“To be able to offer this through Builderbusiness Club is just one example of how it is going to help members mange their business more effectively, generate more profits and ultimately come out of the recession stronger.

“Our mission is to provide a dependable and trusted resource for both builders’ projects and business. Working with the FMB and many other trusted names, we think Builderbusiness Club is great news the building industry.”

Builderbusiness Club member offer – when you buy CIA accounting software £1950 ex VAT, members will also get a FREE copy for their accountant plus four hours online training (worth £220 ex VAT)!

In addition, as well as a free copy and training members will also get a free PAYE payment model worth £699 and is available until February 2010.

CIA is available through HBXL which acts as a re-seller of the software.

To sign up to Builderbusiness Club visit www.builderbusiness.co.uk

To find out more about CIA visit www.hbxl.co.uk/accounts

Category: Business Help, in the news, legislation