Construction Industry Scheme

construction industry scheme

What is the Construction Industry Scheme? The Construction Industry Scheme (CIS) is a tax deduction scheme which involves tax being deducted at source from payments which relate to construction work.  Registering as a Contractor under the scheme You must register as a contractor under the Construction Industry scheme (CIS) if you: Pay subcontractors to do construction work If your business spends … Read more Construction Industry Scheme

HMRC faces requests for income tax refunds

Income tax refunds

In the tax year 2018/19 around 460,000 requests were made to HMRC for refunds on overpaid income tax, according to an FOI request by the insurance company Royal London. The repayment values totalling £5.1billion made to individuals, made up of refunds made to individuals and for personal pension contributions and although individual taxpayers were refunded … Read more HMRC faces requests for income tax refunds

Labour’s proposals for SME’s

Small Medium Enterprise SME SME's

General Election 2019 With the upcoming election and the campaigns in full swing how much attention has been given to Labour’s proposals for SME’s? Labour’s proposals for SME’s include: Increasing dividend tax from 7.5% to 20% where the income is lower than 50k Increasing Corporation tax from 19% to 21% where profits are less than … Read more Labour’s proposals for SME’s

Client Portal Introduction

Client portal

Transferring information that’s sensitive and confidential is an important for accountants, although it doesn’t come without some challenges! With the increasing  costs of Royal Mail and GDPR rendering email as insecure AJR & Co Ltd have introduced a client portal. This allows our clients, once registered, to upload documents, records and paperwork relevant to their … Read more Client Portal Introduction

100 Days until Self Assessment Deadline

self assessment deadline 2020

HMRC are reminding customers that the deadline for submitting self assessment tax returns is only 100 days away and urging customers to complete their returns early before the Christmas and New Year rush. With more than 2,000 people sending in their tax returns on Christmas Day in 2018, HMRC are asking people to consider submitting … Read more 100 Days until Self Assessment Deadline

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Limited company Formation

From AJR & Co Ltd