CIS

Construction invoices can be so much simpler

Construction and trade invoicing is a big job If you’re in construction or a trade, you’re probably really busy doing the work. It can be hard to make sure you get paid for it. Construction invoicing requires you to: keep records of third-party costs track time on site (which can be tough when you have a few jobs going) match the estimate or quote that you gave (which could require you to itemise the bill) It’s daunting. To make matters worse, most…

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CIS – A Introduction to the Construction Industry Scheme

The construction industry scheme works a little like a payroll scheme but for the constructions industry. Contractors employ subcontractors for jobs, on which they must deduct tax but not national insurance and pay it monthly to HMRC. These deductions are then used as advance payments towards the subcontractor’s tax and National Insurance bill. A contractor is a company or a person who employs a subcontractor to do construction work and may be a sole trader, a partnership or a limited company.…

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