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 ›
Most people starting out in business would register as a sole trader and away they went. Today, it’s easier than ever to register a limited company, so which is right for you? There are benefits to each, so let’s explore… Read More ›
What to know when preparing your first set of Limited Company Accounts. It can certainly be difficult completing and filing your first set of accounts if you haven’t done it before. The bit with companies House is straight forward as their… Read More ›
If you’re employed in construction (PAYE), and drive your own vehicle to different sites, there’s a good chance HMRC owes you a tax refund of up to £2,500. And, if you have to pay for them yourself, you can also… Read More ›
Industry Sector: Tiling Services This week we shall cast our net to who ever might want to become a Tiler this year. It is an extremely had work but if you are determined you can certainly make a career out… Read More ›
Every LLP and each individual member must make self-assessment tax returns every year to HM Revenue & Customs (HMRC). For individual members this will be in the form of a personal tax return. For the LLP itself, it will be… Read More ›
Starting a Job as a Builder this week, Do you really need any licence at all? There are no specific licences that you need to work as a general builder, so if your business activities are going to fall within… Read More ›
Are you are a self employed Sub – contractor working in the construction industry in the UK, you might be entitled to a tax refund! If you are a sub-contractor registered under the HMRC Construction Industry Scheme (CIS), to work for… Read More ›
Tax matters of an LLP Tax Matters of the LLp can be complicated some times. It’s easy to assume it’s going to be subjected to Corporation tax which is not the case. From the start HMRC will set it up… Read More ›
It’s important to know which type of work falls under the Construction Industry Scheme. Some times it might not be obvious but all the same good to know what is what. How to Deal with Sub Contractor payments Under the… Read More ›