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 ›
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 ›
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 ›
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 ›
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 ›
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 ›
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 ›
Welcome to one of our regular series for new business starts ups. On weekly basis, we deal with a number of new Construction business starting up and we get asked a lot of questions in the building trade. We do our… Read More ›
If today you were thinking of starting a business in the building trade, then broadly speaking there are two main types that the building trade falls into and these are: new building work (for example house building). repair, maintenance and improvement… Read More ›
Here at KG Accountants, we deal with a number of trades including Electricians on a day to day basis. We help from setting up their limited companies, registering them for payroll, bookkeeping, registering their sub contractors, preparing end of year… Read More ›