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What’s the Best Business Structure for a Contractor?

Independent contractors, consultants, or freelancers are self-employed individuals who work for businesses, usually on a short-term basis. Hiring a contractor enables firms…

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VAT Reverse Charge for the Construction Industry Launches 1st March

On the 1st March this year, the UK VAT ‘reverse charge’ will apply to VAT-registered businesses in the Construction Industry Scheme (CIS)….

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What Does the Green Homes Grant Scheme Mean for Me?

The Green Homes Grant Scheme was announced by Chancellor Rishi Sunak as part of his post-COVID-19 economic recovery plan. The home improvements…

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What is a CIS Monthly Return?

The Construction Industry Scheme helps regulate the payments construction contractors make to subcontractors who carry out work for them. They must complete…

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The number of monthly transactions you have entered based on your turnover seem high. A transaction is one bookkeeping entry such as a sale, purchase, payment or receipt. Are you sure this is correct?

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VAT Returns

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