faq’S
Check out frequently asked Questions
What do I need to do before I take on and pay a new subcontractor?
Make sure you are registered as a CIS Contractor. Collect the UTR & NI No or UTR and Company Reg No of the subcontractor and verify their CIS status before deducting CIS from the labour, on payment.
How can I make the most of the accounting software I'm using?
All accounting software has vast help centres with guides and training on how best to use the software. We provide a half-day training session to teach you how to use your accounting system, £300 + VAT.
Why have I received less/more take home pay this month when my gross pay hasn’t changed?
This is usually due to a tax code change. We are instructed to make a change by HMRC and must comply with it. You should have received a letter from HMRC explaining the change, but if you have any queries or don’t think it is right you will need to contact HMRC directly.
How can I view my NI conts record and make sure they are up to date for state pension?
Register for a Personal Tax Account with HMRC and you can view your National Insurance contributions record along with a whole host of other items.
What information do I need to give you for my rental property to include in the SATR
We will need a list of all rent payments received, all expenses paid exclusively for the upkeep of the property and, if applicable, your mortgage statement showing the capital and interest split of all payments made.
What makes up the SATR on-account payments and how do they work?
We have a full article on how this is calculated, here.
Do I need a receipt/invoice for every payment if I pay the same amount to the same person every month?
Ideally, yes. But if you have copies of the majority of receipts/invoices and there is the odd one missing we can process the payment without the receipt/invoice, as an exception.
What happens if I don't get the CIS payment & deduction statement from a contractor?
If the payment agrees to your invoice (with the CIS detailed on it) the missing statement is not a problem. If the payment doesn’t match you will need to keep speaking to the contractor until you get the statement.
Working With Us
We are always excited when new clients come on board and we can make a difference to their business.
Are you:
- An existing Limited Company
- Searching for a bookkeeper that does more than simply reconcile your bank
- Looking for professional support for your business journey
Talk to Us - Book a Discovery Call
Are you a Sole Trader, Quickbooks/Sage user or looking for tax advice?
We only do Sole Trader Tax Returns for people working in the Construction Industry. We don't do any other Sole Trader Tax Returns, tax planning or use Quickbooks/Sage - but we can recommend some fabulous people that do!