The short is yes. Community Interest Companies (CICs) pay the same taxes as any other company. Also, Investment income, trading profits, and all other gains are taxable. CIC also pays Corporation Tax, completes a CIC Tax return, Pays VAT, just… 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 ›
Are you Employed working in the construction industry in the UK, you might be entitled to a tax refund!
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 ›