Running your own self-employed contracting business can be time consuming enough even before taking care of the admin. Read our blogs and articles to help you save time, send quotes to secure work more quickly, and automate reminders to help you get paid on time. You’ll also find more information about IR35, and what you need to know about staying compliant.
Deciding you want to work for yourself as a contractor is exciting, but it’s completely normal if you feel a little nervous or confused. Whether you need help deciding on a business structure, or you want to know more about IR35, we have plenty of resources for contractors to guide you through each step of…
The Construction Industry Scheme (CIS) is in place to tackle the risk of tax avoidance within the construction sector. It means contractors must deduct money from their subcontractors’ pay, and then send these deductions to HMRC as advance payments towards the subcontractors’ tax bill. As you might imagine when it comes deducting anything from someone…
If you work as a subcontractor in the construction industry, then you’ll pay tax on your earnings based on the Construction Industry Scheme rules. This usually means the contractor you work for will deduct National Insurance and tax before they pay you, and then report these deductions to HMRC using a CIS Return. The amount…
If you’re a contractor or subcontractor, you’re likely to have some involvement with the Construction Industry Scheme. While it may seem straightforward when you look at the likes of CIS statements, there’s a heap of record-keeping behind the scenes! Let’s explore the kind of records you should maintain, based on where you stand in the…
If you work in the construction industry and you’re self-employed, you’ve probably encountered the Construction Industry Scheme (CIS for short). The scheme is HMRC’s way of collecting income tax from subcontractors who work in the construction industry. We’ll discuss exactly who is expected to register, how it works, and where you can sign up. …
