IntroductionThe construction contracting industry offers significant financial potential compared to traditional employment. With the ability to set your own rates, choose projects, and scale your business, contracting can be highly…
IntroductionThe gas sector is key to the global energy world. It includes Oil & Gas, Subsea, and Offshore Drilling. Contractors are vital, bringing special skills to projects. But, managing their…
Within the 12 NM (Nautical Miles), as well as UK onshore, some energy and renewable projects are subject to the Construction Industry Scheme. These include dredging, pipelaying, wind farms, ship…
A Unique Taxpayer Reference (UTR) number is one of the most important identifiers for businesses and self-employed workers in the UK. Issued by HMRC, this 10-digit number is essential for…
Nearly 80% of construction contractors in the UK face penalties each year due to CIS payment errors. This statistic underscores the importance of understanding CIS payments and adhering to HMRC…
The UK is on the cusp of significant tax changes in 2025 and 2026, impacting individuals, businesses, and a number of sectors. These changes, shaped by the 2024 Autumn Budget,…
Navigating the complexities of contracting can be challenging, especially with the evolution and impact of IR35 legislation. If you’ve been deemed working inside IR35, understanding your options is crucial. In…
The Construction Industry Scheme (CIS) is a vital tax deduction scheme for contractors and subcontractors in the UK construction industry. It requires contractors to deduct tax from payments to subcontractors…
If you're a contractor, you're likely no stranger to navigating the complexities of tax and benefits. From April 2026, HMRC is introducing a significant change that will affect how benefits…
As a contractor, managing your finances effectively is crucial to maximising your earnings and minimising tax liabilities. With HMRC's new mandate on benefits in kind (BIK) coming into effect from…