Common Questions
Frequently Asked Questions
I'm a Kilburn CIS subcontractor. Am I owed a refund?
Almost certainly, if you've had 20% deducted and haven't claimed it back. The 20% is HMRC's estimate before expenses and your personal allowance. After your £12,570 allowance and legitimate expenses (van or mileage, tools, PPE, materials, phone, CSCS, accountancy), the actual tax due is usually far less. Full-year CIS refunds are typically £2,000-£6,000. We'll maximise yours.
I run a Kilburn High Road shop, pub or restaurant. What do you provide?
Retail and hospitality bookkeeping, the right VAT treatment (zero-rated unprocessed food, standard-rated hot takeaway, catering and alcohol), payroll, tronc for tips, annual accounts and Corporation Tax if a company, plus director self-assessment — bundled into a fixed monthly fee with cloud accounting for automatic bank-feed capture.
I'm a Kilburn contractor who pays my own subcontractors. CIS contractor registration?
Yes — if you pay subcontractors for construction work you're a CIS contractor. You register, verify each subcontractor, deduct CIS at the correct rate, file monthly returns by the 19th of the following month and issue deduction statements. We handle the monthly compliance.
I'm a self-employed creative in Kilburn. How do I manage my tax?
You register for self-assessment and claim all business expenses — equipment, software, studio or home-office costs, travel, professional subscriptions, marketing, accountancy. We set up simple bookkeeping, file annually and advise on a Ltd company structure if your income grows enough to justify it.
I'm a Kilburn landlord with a mansion-block flat. What can I claim?
Repairs and maintenance, letting agent fees, landlord insurance, ground rent and service charges (significant for mansion blocks), mortgage interest (with the Section 24 restriction giving a 20% credit), and Replacement of Domestic Items relief on furniture. We capture everything and file your self-assessment.
Should my Kilburn business be a Ltd company?
At profits above £40,000-£50,000 a Ltd company typically saves £2,500-£5,000+ a year through salary-plus-dividend structuring, plus limited liability. Below £30,000 the saving rarely justifies the extra admin. We'll model both with your numbers.
I've fallen behind on my Kilburn tax returns. What do I do?
File the actual returns immediately. For CIS subcontractors the returns often show a refund, meaning no tax lost and penalties usually cancellable or reducible. If tax is owed, we file, request penalty reductions on reasonable-excuse grounds where applicable, and arrange Time to Pay. Acting quickly is key.
How do I get started?
Book a free 15-minute call via Calendly, or call our office on 020 8050 4564 or mobile 07478 645331. We work with Kilburn clients fully online and we're experienced with the Irish construction and trades community and the NW6 business and landlord scene.