Construction Industry Scheme, or CIS, is essentially a scheme that lays down the rules for the process of payments to subcontractors from contractors in the construction industry. The Construction Industry Scheme has provisions for national insurance contributions, income tax, and other deductions, which are usually…
The off-payroll working rules can be applied if a worker (also known as a contractor) provides services through their own limited company or other intermediaries to the clients. An intermediary is usually the worker’s own personal service company, but could also be any of these:…
For any business, it is important to ensure proper record keeping and efficient financial management. This is done with the help of a payroll system, which is also responsible for making the right payments to the employees and tax authorities. The tasks related payroll management…
The coronavirus outbreak has had unprecedented impacts on many areas, including the UK construction sector. For months, the UK government restricted movements to limit the spread of COVID-19 and this put many construction projects on hold, resulting in job terminations, delays, and rising costs. The…
In recent years, the UK construction sector has been facing certain challenges that make the jobs of today’s contractors challenging. A combination of economic, human, and natural factors can bring down the overall productivity of contractors in the UK and, by understanding these challenges, contractors…
As a result of the pandemic and extended lockdown restrictions, many of today’s contractors are working hard to make up lost time. Many are focusing on completing projects which were put on hold last year, while others are rebranding themselves to offer more services that…