What is the Construction Industry Scheme (CIS)?

The Construction Industry Scheme (CIS) was introduced by the Government to set rules about how payments are made for construction workers. We introduced CIS to help contractors that wish to provide services under the construction sector, or that are already…

Read More

Will Boris Be Good For Business?

Written by James Candlin, Accountant at ICS Accounting Boris Johnson’s appointment as Prime Minister has landed him primarily with the task of achieving a departure from the European Union which both sides find palatable. However, he also faces the challenge…

Read More

IR35 – Key Points from HMRC’s Draft Finance Bill

On the 11th July HMRC released their Draft Finance Bill outlining the implementation of IR35 in the private sector. We’ve run through the key points below.   What we know from the draft legislation:   The changes will come into…

Read More

HMRC IR35 – Draft Finance Bill July 2019

HMRC have released the draft Finance Bill 2020 which includes amendments to the off-payroll working rules which are due to come into force from April 2020.  The draft Finance Bill includes amendments to the Income Tax (Earnings and Pensions) Act…

Read More

The Best Company Cars of 2019

When buying a company car, it’s very easy to only look at the initial cost of the vehicle. However, HMRC applies a Benefit-in-Kind (BiK) tax to company vehicles that are also used privately, based on their emissions output. The reason…

Read More