JTR Accountancy

29/08/2026

🏗️ New Trusted Payments App for Builders: What We Know So Far

The Government has announced a new Trusted Payments app as part of its plans to tackle rogue traders and provide greater protection for homeowners having building and home improvement work carried out.

The idea is that money can be protected and released to tradespeople as agreed stages of a project are completed.

Alongside this, a new Approved Code is also being introduced to help homeowners identify reputable businesses.

There are still some important details we don't know yet, including exactly how the payment process will operate in practice and how it will interact with deposits, staged payments.

We've taken a closer look at what has actually been announced and what we know about the new system so far.

Full article 👇

New Trusted Payments App for Builders: What We Know So Far Read the latest accountancy insights, tax advice and business tips from JTR Accountancy. Supporting businesses, self-employed professionals and individuals across Gloucestershire and the UK.

26/08/2026

VAT in construction isn’t always as simple as adding 20% to an invoice.

Depending on the work being carried out, the property and who you are working for, the correct treatment could be 20%, 5%, 0% or the VAT Domestic Reverse Charge.

We’ve put together a practical guide covering some of the most common situations construction businesses come across, including:

🏠 New builds
🔨 Renovations and conversions
🏚️ Empty properties
♻️ Energy saving installations
🧾 CIS and the Domestic Reverse Charge
👷 Working for contractors and end users

Read the full guide below:

10/08/2026

🏗️ Do you run a building or construction business?

CIS can be confusing, especially when you're both a contractor and a subcontractor.

Who needs to register? When do you deduct CIS? What about materials and travel costs? And who's actually responsible for deciding whether CIS applies?

We've put together a practical guide to CIS for builders, covering everything you need to know, including contractor and subcontractor responsibilities, CIS deductions, monthly returns and Gross Payment Status.

Read it here 👇

CIS for Builders: A Complete Guide for Construction Businesses Read the latest accountancy insights, tax advice and business tips from JTR Accountancy. Supporting businesses, self-employed professionals and individuals across Gloucestershire and the UK.

09/07/2026

Do you really understand your Profit & Loss report?

Your Profit & Loss (P&L) statement is more than just numbers on a page – it's one of the most powerful tools for understanding how your business is performing.

Knowing how to read your P&L can help you:
✅ Track your profitability
✅ Spot unnecessary costs
✅ Make smarter business decisions
✅ Plan for future growth with confidence

If you've ever looked at your accounts and felt overwhelmed, our latest blog breaks it down into plain English.

Read it here 👇
https://jtraccountancy.co.uk/understanding-your-profit-loss/

At JTR Accountancy, we're here to help you understand your numbers, not just prepare them.

Understanding Your Profit & Loss Read the latest accountancy insights, tax advice and business tips from JTR Accountancy. Supporting businesses, self-employed professionals and individuals across Gloucestershire and the UK.

28/06/2026

Making Tax Digital for Income Tax is here – are you ready?

If you're a sole trader or landlord, the way you report your income to HMRC is changing. Keeping digital records and submitting quarterly updates will become the new normal for many businesses.

At JTR Accountancy, we've taken a close look at the options available, and in our latest blog we explain why we recommend Xero as the ideal software to help you stay compliant while making your bookkeeping easier.

✅ HMRC-recognised software
✅ Save time with automation
✅ Real-time financial information
✅ Ready for Making Tax Digital

Read our latest blog here:
https://jtraccountancy.co.uk/making-tax-digital-for-income-tax-why-we-recommend-xero/

If you're unsure how Making Tax Digital affects you, or you'd like help getting set up with Xero, get in touch – we're here to help.

Making Tax Digital for Income Tax: Why We Recommend Xero Read the latest accountancy insights, tax advice and business tips from JTR Accountancy. Supporting businesses, self-employed professionals and individuals across Gloucestershire and the UK.

21/06/2026

We recently found a construction client with over £30,000 of unclaimed CIS suffered.

Many business owners don't realise that reclaiming CIS is different depending on how you operate.

➡️Sole traders typically claim CIS deductions through their Self Assessment tax return.

➡️ Limited companies usually need to offset CIS suffered against PAYE and National Insurance through an Employer Payment Summary (EPS). And later be offset agaisnt corporation tax or refunded directly to the business account.

If the EPS isn't completed correctly, CIS suffered can build up and remain unclaimed for months or even years.

Unfortunately, this is something we come across more often than you might think.

If your construction company suffers CIS deductions, do you know how much CIS suffered is currently sitting on your HMRC account?

16/06/2026

Running a business is hard enough without worrying about VAT deadlines, payroll, tax returns and compliance.

That's where we come in.

We help business owners stay on top of the numbers, meet their obligations and avoid unnecessary stress.

No jargon.

No unnecessary complications.

Just practical advice and support when you need it.

If you're looking for an approachable accountant who genuinely wants to help your business succeed, send us a message to arrange a call.