Making Tax Digital for Income Tax Self-Assessment (MTD ITSA) is one of the most significant changes to the UK tax […]
MTD for CIS Subcontractors: How Gross Income Affects Your Compliance Read More »
Managing finances can be challenging for contractors and subcontractors and contractors who handle multiple projects, fluctuating payments, and tight deadlines.
A year-end close is the process of finalizing your financial records at the end of your accounting year. It involves
Year-End Close for Subcontractors: How to Review Financial Statements Read More »
UK contractors can significantly reduce tax liability and reinvest in future growth by taking advantage of R&D (Research & Development)
8 Expert Tips to Boost Tax Savings for UK Contractors with R&D Tax Credits Read More »
Zero-rated VAT on new homes and flats means no VAT is charged on the construction of a new residential property.
How to Qualify for Zero-Rated VAT on New Homes and Flats Read More »
Buying property in the UK doesn’t just mean paying the purchase price, Stamp Duty Land Tax (SDLT) is one of
How Traders Can Save Big with Stamp Duty Relief on Probate Purchases Read More »
VAT is an essential consideration for UK contractors. Most projects are charged at 20%, but certain construction and renovation work
When Contractors Should Charge 20% VAT vs the 5% Reduced Rate Read More »
Running a successful construction business in London requires proper financial management. A skilled accountant can make a huge difference, ensuring
How to Choose the Right Accountant for Your Construction Company in London Read More »
Calculating CIS deductions correctly is crucial for both contractors and subcontractors. These deductions act as advance tax payments to HMRC,
How to Calculate CIS Deductions: A Simple Guide for UK Contractors Read More »
In the UK construction industry, gross payment status under the Construction Industry Scheme (CIS) means contractors pay subcontractors the full invoiced amount without deducting tax (usually 20% or 30%) at source, improving subcontractors’ cash flow and reducing administrative work related to tax deductions. This status makes tax processes easier for both contractors and subcontractors and improves working relationships with contractors by ensuring full payment without tax deductions
How to Apply for Gross Payment Status under the Construction Industry Scheme (CIS) Read More »
