All contractors and subcontractors should register with HMRC for the construction industry scheme. Subcontractors will be subject to a higher-rate deduction if they have not registered. The new domestic reverse charge for construction services comes into force on 1 October 2019. Download PDF for Offline Reading
Save money, avoid waste, reduce tax and maximise the profits in your business. Download PDF for Offline Reading As accountants we are fans of efficiency on your behalf. We tend to appreciate optimised systems and abhor waste, whether it’s time, effort or resources being frittered away.
Running a business from your home isn’t without tax implications and it’s worth considering capital gains tax compliance, business expenses and other issues when going down this route.
Outstanding invoices compromise your business’s cashflow. When you supply goods and services, you expect to be paid on time. Yet Britain has a deeply embedded culture of late payments.
Nobody likes to think about being hit by something that could jeopardise their business, but it’s critical to your business’s survival that you do so. And once you have a plan in place, you can rest assured you are prepared for whatever the world throws at you. Download PDF for Offline Reading
If your property business pays subcontractors or spends substantially on construction you must make sure you are compliant and register with HMRC. Don’t risk hefty penalties.