Do you have unpaid invoices keeping you up at night? The Mail recently reported that contractors and freelancers lose an average of £2,472 each per year due to outstanding invoices and late payments.
The Construction Industry Scheme (CIS) was set up to define how self-employed construction workers pay tax. If you work in this industry, some clients may require you to register under the CIS in order to carry out the contract work.
Are you a contractor working through an umbrella company? If so, you may have noticed that since 6th April of this year, you were no longer able to claim certain expenses due to the changes to Travel and Subsistence expenses.