What You Need To Know About HMRC Tax Refunds
Tax refunds are often seen as a daunting subject, but they don’t have to be. If you’ve overpaid on your taxes or qualify for certain allowances, you might be eligible for a refund from HMRC (Her Majesty’s Revenue and Customs). This blog will walk you through the basics of tax refunds, how to apply, and […]
Sub-Contractor Tax Deductions Explained
Navigating tax deductions as a self-employed sub-contractor can be challenging, but understanding what expenses you can claim can make a significant difference to your tax bill. Properly managing tax deductions not only helps lower your taxable income but also ensures that you are compliant with HMRC regulations. Here, we’ll break down the essentials of tax […]
UK Cities with High Earnings for Subcontractors and How to Maximise Your Earnings
The UK construction industry thrives on the dedication and skill of its subcontractors. From bricklayers building the foundations to electricians bringing buildings to life, subbies are the backbone of countless projects. But let’s face it, being a subcontractor is a hustle. It requires hard work, long hours, and a keen eye for detail. The rewards […]
National Insurance Contributions for Sub-Contractors Explained
As a self-employed sub-contractor, understanding National Insurance Contributions (NICs) is essential to manage your finances effectively. In the UK, NICs are a form of tax that contributes to state benefits like the State Pension and certain social security benefits. Here’s what self-employed sub-contractors need to know about NICs, including what they are, the different classes, […]
Top Tips for An Easy Tax Return
Completing a tax return can be a daunting task, especially for self-employed individuals and sub-contractors. However, the process can be made significantly easier with some preparation and organisation. Here are some top tips to help you file your tax return smoothly and avoid common pitfalls, drawing on expert advice from Sage. Get Organised Early One […]
Take the faff out of Tax
Take the faff out of tax with help from an accountant There’s lots to love about running your own business, but your annual tax return is unlikely to be one of the highlights. Yet, as any business owner or sub contractor will be all too aware, submitting annual tax returns is an essential fact of […]
A guide to CIS Tax Refunds
A Guide to Construction Industry Scheme (CIS) Refunds Self-employed sub-contractors that are registered on the Construction Industry Scheme (CIS) may be entitled to a tax refund. Many sub-contractors are unsure as to what to claim and how to claim through their tax returns, and so they may wish to seek help and advice from an […]
Tax Returns made easy with Subbie Tax
There are a great many reasons why being a sub-contractor is a fantastic choice. Not only can you enjoy greater flexibility in the jobs or projects that you work on, but you will often receive a higher wage for doing so. It’s generally easier to balance your work life around your free time and family […]
