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 ›
Main Importance of a business Plan We consider why you should draw up a business plan and what it should include. If you are starting, or have recently started a business in the South London area we, at KG Accountants,… 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 ›
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 ›
Are you are a self employed Sub – contractor working in the construction industry in the UK, you might be entitled to a tax refund! A sub-contractor is a self-employed person registered under the HMRC Construction Industry Scheme (CIS), to work… Read More ›