Articles Tagged with:
Taxation
Who is Saint Construction Support?
We work with businesses bringing them from one-man bands into million-pound firms with stable systems and consistent growth. We understand that every business is different so we match the perfect advice to your goals.
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Discover your Tax Benefits for Christmas
Elevate your Christmas break in construction with our top ten festive tips! From tax-efficient parties to unique staff perks, make the season memorable.
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Should I outsource parts of my construction business?
Simplify Your Construction Business | Choose Saint Construction Support | Unlock Efficiency, Quality, and Growth Today!
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How To Get A Personal UTR Number
If you are running a Limited Company then you need to consider your personal taxation as well! Your Unique Tax Reference (UTR) Number is very important when it comes to filing your self-assessment for the year. This blog will cover how to get your personal UTR Number.
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The UK Tax System Simplified
The UK System is one of the most complex legislations in the world and it is understandable why so many people feel like going to sleep when someone starts talking about how it works! However, as you know as a construction business owner you do need to know about it… take a look!
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Can My Limited Company Pay For My Garden Office?
Have you considered reducing your overheads and removing the Office or want to upgrade from your Kitchen Table? Have you considered a Garden Office? Take a read as we run through the benefits of putting a Garden Office through your limited company.
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It’s Not You, It’s Me: Breaking Up With Your Accountant
Every small business goes to an accountant to get help with their compliance but are you with the right people to grow your construction business? Have you realised a change is overdue? Take a read of our latest blog on how to break up with your accountant.
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New Corporation Tax Rates - How To Calculate Corporation Tax
From the 1st of April 2023, your corporation tax rate could be rising to 25% depending on the level of profits earned during the year. This Blog will cover the upcoming changes and give you time to plan ahead to mitigate the impact of the new rules.
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What is VAT and How to Register?
If you are running a business and are just starting off, VAT is something that you will need to keep in mind. We are going to run through what VAT is including when you are required to register. What is VAT and how to register?
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Are You Getting The Right Tax Advice For Your Business?
Tax Advice is an area of uncertainty with construction businesses and probably your accountants too... Do you know what you should be receiving? Is your construction businesses as tax efficient as it should be?
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Why You Need A Government Gateway Account for Your Business
As you are running your construction business, the compliance side of running a limited company (or your personal tax!) might be left behind… It is essential that you have access to your own Government Gateway Account and the good news is that it is very simple to set up!
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The A to Z of Payroll - Construction Guide
The Construction guide to understanding payroll terms for your company and what is required to start employing your team.
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Making the switch to Saint 🕊 Construction Business Support
When you start your business it's pretty much let’s take the leap, stop working for someone and go in alone. It's a difficult situation to adapt to! All of a sudden you need to do the paperwork side, the calls, the management, the men and the bills. SaintFG is here to help.
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Xmas Benefits for You and The Company this Christmas
Discover the benefits to take advantage of this Christmas!
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14 Quick wins for your next R&D claim
Discover 14 quick wins to ensure you are taking your R&D Tax Relief claim to the max. How to maximise your R&D claim. Common overlooked expenses in an R&D claim.
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Construction Business Analytics | Simple & Understandable
A lot of us a running a business with the hope that everything is running smoothly, we don't really know but we keep going and wait for that bottom-line figure to come in... Well, The Saint Dashboard is an opportunity for you to keep up to date with the figures that are important
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Subcontractor or Contractor - What R&D Can I Claim?
Whether you’re a subcontractor or contractor; discover eight rules that could affect your R&D Tax Relief claim, where subcontracting is involved. Saint Financial Group are R&D construction specialists.
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What software expenses can I claim for R&D?
Did you know, not all software costs qualify for Research & Development tax relief? Get familiar with the rules and exceptions for your R&D claim. Saint Financial Group are R&D Specialists
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When it comes to R&D, timings is key!
Find out the optimum time to make your Research and Development Tax Relief claim and the R&D claim timeframes that you need to know. Build your R&D strategy today!
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How To Forecast Your R&D Tax Claim
Find out how to get a better understanding of what R&D costs qualify earlier, for more accurate cashflow forecasting and planning for future investment. R&D Forecasting is often overlooked however it forms an important part of R&D Strategy.
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Should I use subcontractors for my R&D activity?
We can equip you with everything we know to help you decide whether your R&D project activity is better in-house or outsourced. you want to feel confident that you are making the right decision for your business operationally, but also to maximise your R&D claim.
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32 Ways to Get the Maximum Value out of your Business!
Get the most out of your business in 2022! How do you know if you’re maximising every opportunity you could be, to improve your life, your families and your employees? This article covers 32 great tips for extracting the value out of your business in 2022!
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Tax Changes - What your business needs to know!
There's been a lot of tax changes lately, but what does your construction business need to know? Find out everything in this article!
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The Latest Tax Changes - 23rd March 2022
See the latest updates (23rd March 2022) for tax updates and what is important to businesses like yours!
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Finding R&D Tax Relief in the Construction Industry
Finding R&D in your construction projects can be often be seen as a grey area within the tax legislation, this is why we offer a free call to run through your projects to see if you qualify!
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Employee Benefits - What Should You Be Claiming For?
We are going to cover the most common ones so you can see if you have them in place If not you could be paying 25%-49% more in tax Knowing how to save tax and what you can be put through your business is essential..
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Should I Be Taking A Pension?
What are the benefits of taking a pension? What are the benefits of taking a pension? Should I pay a pension personally or through the business? Are pension tax efficient? How to save tax by using Pensions?
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Use Of Assets In The Company | Tax Tips
When it comes to different types of assets that are personal or through the business, there are different methods of extract where you could be saving Income Tax, VAT and corporation tax! This is something your accountants should be speaking to you about if not read this now!
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Loaning Money To Your Company | Tax Tips
Giving a loan to your company with commercial interest can be a great way to extract further value! Using the savings allowance to receive up to £1,000 tax-free on the interest payments charged plus the company can receive full corporation tax deduction on the payments as well.
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What Are Dividends and How Do You Issue a Dividend?
What Are Dividends? If you are a shareholder of a limited company, you can issue dividends to yourself in order to pay yourself. If you are issuing dividends you need to ensure your company is making a profit! How Do You Issue A Dividend? Take a look at our step by step guide!
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Keep It In The Family! | Extracting Maximum Value
1000's of businesses in the UK are family businesses BUT still, there are people not extracting maximum value from their company just because they are not sure! This blog is here to show you the opportunities you have available and the extent you can make it go to.
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Registering As A Contractor Under CIS & Responsibilities
Registering As A Contractor Under CIS & Responsibilities, Registering As A Contractor Under CIS, What Are Your Contractor Responsibilities Under CIS? What Information must be submitted to HMRC for CIS?
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Example of CIS Calculation
Example of CIS Calculation, CIS calculation, Xero, Quickbooks, CIS Deduction, Contractor, Subcontractor, Qualifying Materials, Gross Amount, Net Amount, CIS Tax To Deduct
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What work falls under the Construction Industry Scheme (CIS)
What work falls under the Construction Industry Scheme (CIS)? What Work Falls Under CIS? What Work Doesn’t Fall Within CIS? Private Households?
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What CIS Tax Rates Apply To You?
What CIS Tax Rates Apply To You? Why Do Businesses In The Construction Pay CIS? CIS 30% Tax Deduction, CIS 20% Tax Deduction, CIS 0% Tax Deduction
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What Is The Construction Industry Scheme? (CIS)
What Is The Construction Industry Scheme? (CIS) What Is CIS Tax? How Does This Affect Contractors? How Does This Effect Subcontractors? CIS can be confusing and having a central location for Construction Industry Scheme Resources can really help construction businesses.
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How To Offset CIS Against Taxes or Payment Into Your Account
How To Offset CIS Against Taxes or Payment Into Your Account, CIS refund, tax bills, Corporation Tax, PAYE, National Insurance, company UTR (Unique Reference Number), accounting period to offset the CIS against, write ‘offset CIS repayment against corporation tax’
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Is Your Accountant Doing Enough For You?
You pay the accountant, again and again, thinking this is all they should be doing. What if I told you there is more? There is more to your business and there is more to what you should be receiving.
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CIS Verifying Your Subcontractors
CIS Verifying Your Subcontractors, CIS verification information required, CIS subcontractor verification using the HMRC website, Verification results, How often do you need to verify subcontractors?
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How to Apply for CIS Gross Status (0% Tax Deduction)
How to Apply for CIS Gross Status (0% Tax Deduction), Business Test, Turnover Test, Compliance Test, Compliance Test, Alternative Test, ‘Prospective’ Receipt Test, ‘Transferred Receipts’, Cashflow Difficulties, Compliance Torrance, Gross payment status
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What CIS Penalties Are There?
What CIS Penalties Are There? HMRC, Gross Payment Status, Cashflow, Late Filling, Subcontractor, Contractor, CIS Responsibilities, CIS duties
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How to claim your CIS Repayments
CIS Repayments, subcontractors, gross payment status, CIS deductions, PAYE, National Insurance, Corporation Tax, Limited Company, VAT, Bank Account, Tax, Large Repayments
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Can You Be A CIS Contractor AND CIS Subcontractor?
Can You Be A CIS Contractor AND CIS Subcontractor?
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Registering As A Subcontractor Under CIS
Registering As A Subcontractor Under CIS, What Information Do I Need To Register For CIS As A SubContractor? Limited Companies, CIS, HMRC, Contractor, Gateway Account, Residential Clients, CIS Resource Hub, CIS Knowledge Hub, VAT Number, National Insurance Number
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When To File Your Monthly CIS Return and Make Payment By
Do you know when To File Your Monthly CIS Return and Make Payment By? Find everything that you need to know within this article!
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What Is A CIS Payment & Deduction Statement?
What Is A CIS Payment & Deduction Statement?
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What is the Construction Industry Scheme? - CIS Explanation
What exactly is CIS? Do I need it for my construction business? Find out everything you need to know in this article!
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The Complete Construction Virtual Finance Function
Running a construction business is tough, handling the finances just becomes too much. We get that! It is time to put a full finance team behind your firm and take the next step together.
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Is It Worth Being VAT Registered?
What Is VAT? VAT stands for Value Added Tax and is a general tax placed on almost all goods and services sold. The simple principle behind VAT is that the end consumer pays tax on the product they buy. Is it worth being VAT registered?
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What is the VAT Reverse Charge? - Construction Insider
What exactly is the VAT Reverse Charge and allow will it affect my construction business? The VAT Reverse Charge was introduced in order to prevent fraud within the trade industry, see how it impacts you here.
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Are you claiming R&D in the Construction Industry?
Right now, the government is throwing yet even more money at business owners, extending support initiatives. Money to help businesses to try to survive these times.
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What To Do If You Have Made A Loss
Has your business made a loss? Did you know you could be due a tax refund and can have cash back into your business right now? If not you need to get in touch as soon as possible so you can take advantage of the loss relief available to your business.
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What Is The Optimal Salary To Take?
When it comes to being tax-efficient, there is the right amount for everything... including the salary you take! We will tell you exactly how much salary to take in order to be tax-efficient and extract maximum value from your business!
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Ultimate A-Z Construction Business Expense Guide
Get the most out of your business with the complete guide of business expenses - what claims are allowable and disallowable - Find out now!
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Put the cash back into your business!
Discover everything you need to know to acquire funding and loans in 2021! As expected, we have seen the government extend initiatives, pumping more money into the pot.
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BREXIT: VAT’S IT ALL ABOUT?
VAT changes, EU-UK trade deal, Brexit Transition Period, VAT changes that affect your business, Non-Union MOSS Schemes, MOSS Schemes, SME Brexit Support Fund, Economic Operators Registration and more...
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learn what is required from you as a "contractor" or "subcontractor", the different deductions for being gross, registered or not registered for CIS and the possible penalties you could be liable for not sticking to the rules.
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