CIS Tax Rebate Our team of in-house Construction Industry Scheme (CIS) tax experts can help you understand exactly what you can claim back so you'll never miss out on a penny Find out more
Flat Rate Scheme for VAT We’ll give you advice to help you get the best benefit from your FRS registration Find out more
Flat Rate Scheme for VAT We’ll give you advice to help you get the best benefit from your FRS registration Find out more
Furlough bonus and VAT cut in hospitality announced by the Chancellor 14 July 2020 The Chancellor’s Summer Statement looked to protect jobs by introducing a bonus for companies who bring back furloughed workers, as well as reducing VAT in the hospitality sector and increasing the Stamp Duty Land Tax (SDLT) threshold.
VAT Domestic Reverse Charge Delayed until March 21 16 June 2020 A 12-month delay has been announced by the Government for the UK-wide rollout of the new VAT domestic reverse charge within the construction industry. The reverse charge had been set to come into force on October 1st, 2020.
Self-Employed Income Support Scheme Extended 01 June 2020 Chancellor Rishi Sunark announced plans last Friday (May 29) to begin gradually scaling back government support for those hit by the COVID-19 crisis.
Coronavirus job retention scheme extended until October 13 May 2020 In a statement yesterday, Chancellor Rishi Sunak said that the Coronavirus Job Retention Scheme for furloughed employees would be extended by an additional four months up until the end of October.
Government introduces 'Bounce Back Loan' scheme 04 May 2020 Today the government announced new measures to help small businesses get through the Coronavirus crisis – They’re known as ‘Bounce Back Loans’.
Should the VAT Domestic Reverse Charge be delayed in the wake of COVID-19? 24 April 2020 With the Domestic Reverse Charge for VAT due to be introduced in October 2020, combined with the challenges the construction sector has faced with COVID-19 this year, there could be a perfect storm brewing, which could be devastating for UK firms.
Sector-specific guidance on social distancing in the workplace 09 April 2020 On 7th April, a report released by the Department for Business, Energy & Industrial Strategy gave extra guidance for those working in various key sectors. We've broken down what it means for tradespeople, construction workers and logistics professionals.
Overview of Government Support in response to coronavirus 01 April 2020 Chancellor of the Exchequer Rishi Sunak announced a range of measures to help businesses see out the COVID-19 pandemic. We’ve outlined some of the key measures for you.
How to avoid COVID-19 scams 26 March 2020 It can be difficult to believe that some people out there would use the coronavirus outbreak as an opportunity to commit fraud. Sadly, it happens. Fraudsters all over the world have been using the situation for financial gain, so we wanted to let you know what you should keep an eye out for.
Government support for the self-employed during the COVID-19 pandemic 26 March 2020 The self-employed community has been hit hard by COVID-19. We look at the government support available for the self-employed community.
Top 5 ways to minimise your expenses 24 March 2020 You might have been made redundant, put on furlough, or you’re still working. Whatever your current situation, you’re probably keen to keep your spending down. We’ve gathered five top tips on what you can do to minimise your outgoings.
IR35 delayed in light of COVID-19 18 March 2020 In a surprising announcement last week in response to the COVID-19 crisis, the off-payroll reforms have been delayed until 6th April 2021. We take a look at what that means for contractors.
What is Class 4 National Insurance? | Sole Trader Nl 09 January 2020 National insurance (NI) is a tax you pay on any earnings and income when you start work. The national insurance contributions you make help to pay for things like state benefits, statutory sick pay, maternity leave, and various other employment benefits.
Self-employed health: Are you neglecting yours? 12 December 2019 Working for yourself comes with stacks of benefits. From choosing how you work to who you work with, being self-employed gives more than 4.98 million people in the UK the opportunity to be their own boss. But the latest research from AIG Life has found that life as a self-employed person might have unexpected health implications.
IN-SYNC Group partners with The Subby Construction Community 29 October 2019 IN-SYNC Group is proud to announce a new partnership with the rapidly expanding Subby Construction Community and their work finding App Subby Jobs.
Leading construction bodies call to put a hold on Domestic Reverse Charge for VAT 09 September 2019 The Domestic Reverse Charge for VAT should be delayed, according to two leading industry bodies in the construction sector, The Specialist Engineering Contractors’ (SEC) Group and the National Federation of Builders (NFB).
Here's what you need to know about the UK's ULEZ scheme 19 August 2019 London has suffered illegal levels of air pollution for many years, having been at the heart of the Industrial Revolution and a centre for innovation through the centuries. The pollution will continue to be a problem if something isn’t done about it. This is why the ULEZ scheme was introduced.
Everything you need to know about VAT 06 August 2019 If you're self-employed, you'll need to know about VAT. We’re here to debunk some of the myths and help you understand how, as a self-employed person working in the UK, you can use VAT registration to your advantage.
Everything you need to know about Making Tax Digital 21 June 2019 Making Tax Digital is the name of the Government plan which changes the way UK businesses file their tax returns. We’ve put together everything you’ll need to know about Making Tax Digital so you can focus on doing what you do best, without stressing about the changes.
Self-employment now makes up 49% of the construction industry according to latest figures 15 March 2019 Statistics received through a Freedom of Information request to HM Revenue and Customs (HMRC), confirmed that 1.12 million construction operatives, 49% of all construction personnel in the UK, were paid through CIS in 2017/2018.
Ultimate Guide to becoming a self-employed Sole Trader 09 January 2019 Making the leap to self-employment can feel scary. Stepping away from the reliability and security of Pay As You Earn (PAYE) employment has its risks but opens the door to a lot of opportunities. Read our guide to help you decide if it is right for you.
Think your credit score could be better? Here’s how you could improve it: 26 October 2018 Credit scores not only just influence the decision of mortgages and credit cards, but also affect mobile phone contracts, bank accounts, monthly car insurance etc. With this in mind, monitoring and improving your credit score is now more important than ever.
The ultimate guide to managing your self-employed business expenses 11 October 2018 Whether you’re a self-employed contractor, freelancer or sole trader, you’ll know that running a business is expensive. There are lots of things you can claim for in your Self Assessment. This article will help you make sure you claim everything you're entitled to as a self-employed person.
Are you self-employed? Do you claim travel expenses? 26 July 2018 If you’re self-employed, chances are you might find yourself having to travel for work and claim travel expenses. What you can and can’t claim for in your tax return can become a bit of a minefield! Get the facts on what you can and can't claim for.
What is the VAT Flat Rate Scheme? 26 June 2018 With the VAT Flat Rate Scheme, you still charge your clients 20% VAT, but will no longer have to pay HMRC the full 20%. You will now pay a fixed percentage of your VAT inclusive of turnover, depending on your business type.
Seven Golden rules of running a Single Person Limited Company 26 March 2018 With so much information, legislation and opinion out there, we’ve focused on seven key points that should make running a private limited company easier, better and more rewarding.
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