Category: Bookkeeping

This can make it difficult to track expenses and effectively calculate the profit generated from each service category. If these are part of your work and you’re providing them to another VAT-registered business, the DRC will likely apply. Construction employment has risen in 65% of major metro areas over the last year, all in an…

In this article, we will delve into the reasons why bookkeeping is vital for construction companies and how it plays a pivotal role in their sustainable growth. Construction payroll and invoicing help ensure accurate, timely payments to construction workers and subcontractors. Since this is the bread and butter of a contracting business, let’s go into…

Any hours over 40 that Tim worked in a single week should be paid at this rate. Thankfully, technology has advanced enough that many managers now have software to do the math for them. Even with these advances, it’s still essential to know what goes into the process of calculating each employee’s work hours for…

Employees are not allowed to work more than 104 hours of overtime in a month. This limit is set under the Employment (Limitation of Overtime Work) Regulations 1980. According to Section 60A(3)(b), overtime means working extra hours beyond regular working hours. Employers should use this Act to understand how overtime applies What is bookkeeping to…