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 […]
From Bricks to Books – A Mini FAQ for Construction Financial Management
Financial management for your construction company can be as complex as the projects themselves. From budgeting for materials and labour to planning for taxes and investments, financial management is a cornerstone of success in construction. Whether you’re a seasoned contractor or just starting out, understanding the financial intricacies is crucial. In this FAQ, we delve […]
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 […]
Navigating CIS Expenses a Guide for Subcontractors
For subcontractors working under the Construction Industry Scheme (CIS), understanding which expenses are allowable can be the difference between an optimised tax return and potential issues with HMRC. This guide dives deep into the world of CIS expenses, providing clarity on what you can and cannot claim, ensuring you maximise your tax efficiency legally and […]
Unlocking Tax Benefits for CIS Workers: How You Can Claim More
Attention all sub-contractors and construction industry workers! Are you making the most of your tax returns? Understanding what you can claim can significantly impact your refund. At Subbie Tax, we specialise in navigating the complexities of tax returns for CIS workers. Our innovative app and expert advice ensure you claim every penny you’re entitled to. […]
Subbies: Don’t Get Shocked by Tax Deadline
Watt’s Up with the January Deadline? It’s that time of year again when the January 31st tax deadline looms like a nail in a new boot: unavoidable and a bit painful. But don’t worry! Subbie Tax is here to hammer out your tax worries and keep your finances as steady as a well-built scaffold. […]
When is my CIS Tax Return Due?
Welcome to our latest Subbie Tax blog, where we’re focused on helping UK subcontractors and CIS workers navigate the maze of tax returns with ease. We understand that tax season can be a bit daunting, but don’t worry; we’re here to guide you through it with professional and practical advice. So, let’s answer the question: […]
