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The Ultimate Guide to Business Tax For Tradespeople Tax can seem like a massive drag. Let’s face it, nobody enjoys paying money to HMRC. Here is our guide to make Tax as understandable as possible, leaving you time to run your business. In this article we’ll take a look at: Income Tax PAYE National Insurance Corporation Tax VAT Business Rates Income Tax What is Income Tax? This is a tax...

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There are a couple of ways to invest in property: directly or indirectly. Both involve some complex financial components, one of which being tax. Ideally, you will want to minimise tax payments as much as possible to get the most out of your investment. Here is an overview of the tax issues you will face should you invest in property. Direct Property Investment: This means...

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If you have found yourself in the fortunate position to be able to turn your talents into a trade, it could become the beginning of something wonderful. Don't let the only thing stopping you be a sketchy understanding of self-employment rules. The fact that it is all down to you to stay compliant with HMRC can be a daunting prospect after all; any mistakes, omissions...

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New Law On School Uniform Costs And Affordability​ Under a new law passed by Parliament on 29 April 2021, school uniforms are to be made more affordable for families. The Act will require schools to follow new statutory guidance on uniform costs, instructing them to keep prices down. The cross-party support for the Bill recognised the costs parents face for school uniform, in particular branded items, and...

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CIS Tax Refunds And How To Get Yours The Construction Industry Scheme, or CIS, is a tax deduction scheme involving contractors and subcontractors from the construction industry. Under CIS, a contractor will deduct money from a subcontractor's pay and send it straight to HMRC. The money is considered as an 'advance payment towards the subcontractor's tax. However, many people pay more tax than what they owed...

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Here are some of our most frequently asked questions relating to CIS Tax refunds. Hopefully they will make it a little less confusing for CIS sub contractors to work out if they have a claim. Our tax experts have been handling CIS refund claims for sub contractors in the construction industry for a long time, so we are in a great position to answer your CIS...

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