As a subcontractor, you are still responsible for paying tax and national insurance (NI) for your business come the end of the tax year, even though a contractor has made monthly deductions throughout the year. To help you submit tax returns for your business, contractors are obligated to give you
As a contractor you are required – under the CIS – to make tax deductions from any payments made to subcontractors. What are the responsibilities of the contractor? After registering for CIS, it is up to the contractor to deduct the right amount of tax from the payment to a
The Construction Industry Scheme (CIS) was setup by HMRC so that business and individuals working in the construction industry have a set of rules when it comes to making tax and national insurance payments. It is used to determine how the pay of subcontractors from contractors for construction work should
[av_image src=’https://www.mckellaraccountancy.com/wp-content/uploads/2017/02/Paper-Hot-Cup-Mockup-vol-4-1500×430.jpg’ attachment=’403′ attachment_size=’featured’ align=’center’ styling=” hover=” link=” target=” caption=” font_size=” appearance=” overlay_opacity=’0.4′ overlay_color=’#000000′ overlay_text_color=’#ffffff’ animation=’no-animation’][/av_image] [av_heading heading=’Essential Employer Update 2019′ tag=’h3′ style=” size=” subheading_active=” subheading_size=’15’ padding=’10’ color=” custom_font=”][/av_heading] [av_textblock size=” font_color=” color=”] We look at recent developments in payroll practice, employment law and tax. Payslip changes From 6 April
[av_image src=’https://www.mckellaraccountancy.com/wp-content/uploads/2017/02/7-1500×430.jpg’ attachment=’414′ attachment_size=’featured’ align=’center’ styling=” hover=” link=” target=” caption=” font_size=” appearance=” overlay_opacity=’0.4′ overlay_color=’#000000′ overlay_text_color=’#ffffff’ animation=’no-animation’][/av_image] [av_heading tag=’h3′ padding=’10’ heading=’Going for Growth and Success’ color=” style=” custom_font=” size=” subheading_active=” subheading_size=’15’ custom_class=”][/av_heading] [av_textblock size=” font_color=” color=”] For a business to grow successfully, it needs to know where it is now –
[av_image src=’https://www.mckellaraccountancy.com/wp-content/uploads/2017/02/burlap-logo-mockup-1500×430.jpg’ attachment=’391′ attachment_size=’featured’ align=’center’ styling=” hover=” link=” target=” caption=” font_size=” appearance=” overlay_opacity=’0.4′ overlay_color=’#000000′ overlay_text_color=’#ffffff’ animation=’no-animation’][/av_image] [av_heading heading=’McKellar Accountancy February eNews’ tag=’h3′ style=” size=” subheading_active=” subheading_size=’15’ padding=’10’ color=” custom_font=”][/av_heading] [av_textblock size=” font_color=” color=”] In this month’s Enews we consider the unbelievable excuses taxpayers make for not filing their self assessment
[av_image src=’https://www.mckellaraccountancy.com/wp-content/uploads/2017/02/Cutout-Logo-Mock-Up-dgdgdg-infin-1500×430.jpg’ attachment=’394′ attachment_size=’featured’ align=’center’ styling=” hover=” link=” target=” caption=” font_size=” appearance=” overlay_opacity=’0.4′ overlay_color=’#000000′ overlay_text_color=’#ffffff’ animation=’no-animation’][/av_image] [av_heading tag=’h3′ padding=’10’ heading=’McKellar Accountancy January eNews’ color=” style=” custom_font=” size=” subheading_active=” subheading_size=’15’ custom_class=”][/av_heading] [av_textblock size=” font_color=” color=”] In this month’s Enews we consider pertinent announcements from the Scottish Budget including changes to income
[av_image src=’https://www.mckellaraccountancy.com/wp-content/uploads/2017/03/Realistic-Logo-Mockup-PSD-1500×430.jpg’ attachment=’387′ attachment_size=’featured’ align=’center’ styling=” hover=” link=” target=” caption=” font_size=” appearance=” overlay_opacity=’0.4′ overlay_color=’#000000′ overlay_text_color=’#ffffff’ animation=’no-animation’][/av_image] [av_heading heading=’McKellar Accountancy December eNews’ tag=’h3′ style=” size=” subheading_active=” subheading_size=’15’ padding=’10’ color=” custom_font=”][/av_heading] [av_textblock size=” font_color=” color=”] In this month’s Enews we report on Making Tax Digital for VAT and the latest government Brexit
[av_image src=’https://www.mckellaraccountancy.com/wp-content/uploads/2017/02/Painted-Wood-Logo-Mock-Up-dg-1500×430.jpg’ attachment=’402′ attachment_size=’featured’ align=’center’ styling=” hover=” link=” target=” caption=” font_size=” appearance=” overlay_opacity=’0.4′ overlay_color=’#000000′ overlay_text_color=’#ffffff’ animation=’no-animation’][/av_image] [av_heading tag=’h3′ padding=’10’ heading=’McKellar Accountancy November eNews’ color=” style=” custom_font=” size=” subheading_active=” subheading_size=’15’ custom_class=”][/av_heading] [av_textblock size=” font_color=” color=”] In this month’s Enews we report on the Chancellor’s key announcements from the Budget and the latest
[av_image src=’https://www.mckellaraccountancy.com/wp-content/uploads/2017/02/9-1500×430.jpg’ attachment=’416′ attachment_size=’featured’ align=’center’ styling=” hover=” link=” target=” caption=” font_size=” appearance=” overlay_opacity=’0.4′ overlay_color=’#000000′ overlay_text_color=’#ffffff’ animation=’no-animation’][/av_image] [av_heading heading=’McKellar Accountancy October eNews’ tag=’h3′ style=” size=” subheading_active=” subheading_size=’15’ padding=’10’ color=” custom_font=”][/av_heading] [av_textblock size=” font_color=” color=”] In this month’s Enews we report that the government has announced the UK Budget date and that
