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 ›
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 ›
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 ›
Many business purchases can be offset against income tax. If you are self-employed, you can claim expenses against your tax bill, but not all business expenses qualify, so it’s important to make sure your claim is valid. As a general… Read More ›