Blog Insights

MTD for Income Tax Self Assessment (ITSA) is HMRC’s commitment to modernising the way small businesses handle their tax and reducing tax lost to error.

If you have gaps in your National Insurance (NI) payments, dating back to 2006, you will be able to go online to see if you need to make additional contributions, to secure a full State Pension.

It is important to understand the dates that the HMRC works to so that you can avoid any penalties. In this blog post, we look at a number of important HMRC dates.

In this article, we’ll explore what a CIS Accountant is, what they do, and how their expertise can benefit you as a business owner or contractor within the construction sector.

In this blog post, we will delve into the causes of CIS payment delays, their consequences, and strategies subcontractors can employ to mitigate these challenges.

In this blog post, we will explore some of the most common mistakes that you will encounter when operating under the Construction Industry Scheme.

What are the ways to contact HMRC if you have any queries regarding the Construction Industry Scheme (CIS)

What methods can you use to verify your status as a subcontractor under the Construction Industry Scheme (CIS)

In this blog post, we will walk you through the essential steps and requirements for registering as a CIS subcontractor.

When it comes to the Construction Industry Scheme (CIS), understanding the scope of work that falls under its purview is essential for both contractors and subcontractors.

We look at what information you need to register as a contractor under the Construction Industry Scheme (CIS).

What is the Construction Industry Scheme (CIS)? In this post we look at what the scheme is, whether it applies to you and if you are a contractor or subcontractor.

If you've paid the wrong amount of tax in any of the last few tax years, HM Revenue and Customs may send you a "P800 calculation". Why might this happen? And what should you do if you receive one? We explain all about the P800 in this blog.

As you are probably aware if you have not filed your self assessment tax return or paid your tax late then unfortunately you may be liable to a tax return penalty. Here is our advice on what to do.

HMRC are entitled to investigate personal tax returns under "Section 9A of the Taxes Management Act 1970". Find out how we can help.

If you’re a self-employed individual or business operating under the Construction Industry Scheme (CIS), you may be familiar with the process of submitting self-assessment tax returns. But what happens when HMRC decides to conduct security checks?

An introduction to VAT. We look at what is VAT, who has to charge it and how much to charge.

Capital Allowances are how businesses claim tax relief on capital expenditure. Here we look into Annual Investment Allowance, Writing Down Allowances and Capital Allowances on cars.

As the 6th April rolls around, filing your tax return early might not jump to the top of your to do list. But it could well be worth giving it more attention.

If your business is involved in construction and it engages self-employed workers, the business will likely need to register with the Revenue as a contractor under the Construction Industry Scheme (CIS).

When VAT gets complicated: partial exemption and foreign customers. An in-depth blog post looking into both of these issues.

Forewarned is forearmed. By preparing in advance, you can vastly reduce the stress and impact if/when you are picked for a tax investigation. Read out top tips.

A look at some of the common questions asked about National Insurance for the Self Employed. What is the difference between Class 2 and Class4 NI?

If you're a subcontractor, you are no doubt accustomed to having 20% tax deducted off your earnings, part of which you can normally have refunded when your tax return is filed.

Keeping hold of your payslips / monthly statements / year end summary helps make it easier to file your tax returns. Find out more from Norton Bridges.

As an subcontractor is important to know what are allowable expenses. All expenses incurred wholly and exclusively for business purposes can be claimed.

A look at what it means to be self employed and the steps you need to go through to register as self employed. At Norton Bridges, we can help with tax returns.