If everything worth doing is difficult then everyone worth hiring to do something must also be difficult to find. It isn’t just government that need to vet companies and deliberate over competing bids. Anyone looking to hire a professional should… Read More ›
Construction Industry Scheme
Making Tax Digital – Unincorporated businesses & landlords.
Unincorporated businesses, including landlords – Big changes ahead! Extensive changes to how taxpayers record and report income to HMRC are being introduced under a project entitled Making Tax Digital. Unincorporated businesses, including landlords, will be the first to see significant… Read More ›
What you must do as a Construction Industry Scheme (CIS) contractor
Who is covered by CIS The Construction Industry Scheme (CIS) covers most construction work to buildings, including site preparation, decorating and refurbishment. Mainstream contractors If your business is construction and you pay subcontractors for construction work, you’re a ‘mainstream’ contractor…. Read More ›
Painters & Decorators – Just Starting out?
The Journey ahead You have decided that you want to to become a painter or decorator – now decide how you will achieve this. Speaking to a good accountant makes the journey much smoother and fruitful in the long run…. Read More ›
Accounting in the Construction Sector
Why is construction accounting different? If you work in the construction industry, you’ll know there’s rarely a fixed business structure. The site manager probably doesn’t employ the other people working on a project. They are likely to be a contractor… Read More ›
Construction Industry – Major Changes in the sector?
What has been happening in the construction industry? The construction industry generally enjoyed plentiful demand for its services between the late 1990s and the mid 2000s. There were some problems – skilled labour was hard to find and insurance costs… Read More ›
Plumbers – Just Starting out? Doing your market research!
The Journey ahead You have decided that you want to run a plumber business – now decide how you will achieve this. Speaking to a good accountant makes the journey much smoother , fruitful and enjoyable in the long run…. Read More ›
Electricians – Just Starting out?
The Journey ahead You have decided that you want to run an electrical services business – now decide how you will achieve this. Speaking to a good accountant makes the journey much smoother and fruitful in the long run. Here… Read More ›
JUST Started Work as A builder, Decorator or Plumber in the Construction Industry?
All contractors must register with HMRC for the Construction Industry Scheme. Subcoactors who do not wish to have deductions made from their payments at the higher rate of deduction should also register with HMRC. HMRC will provide registration details that… Read More ›
Getting Paid in the Construction Industry – Does registration Matter?
To be paid correctly by a contractor, make sure you give them the same legal business name or trading name you gave when you registered for the Construction Industry Scheme (CIS). Please speak to your accountant or adviser if your not sure… Read More ›