Our Financial Blog
VAT Registration And Reporting Explained
Most people have heard of VAT but not many understand it, and we know that it’s confusing for many self-employed, contractors and small business owners. Although the ins and outs may be tricky to grasp for first-timers, the sooner you get your head around HMRC’s VAT...
Are You Ready For Making Tax Digital?
The introduction of Making Tax Digital (MTD) is probably the biggest operational change to be introduced in the UK’s tax system in the last few decades. MTD will provide businesses with a modern, streamlined system to keep tax records and relay detailed tax...
Don’t Get Caught Out – The Construction Industry Scheme
Conceived in 1971 to prevent perceived tax evasion by construction workers, the Construction Industry Scheme (CIS) is a UK tax deduction scheme. It involves tax being deducted at source (0%, 20%, 30%) from payments made by contractors to subcontractors for...