Construction Industry Scheme (CIS) Under the Construction Industry Scheme (CIS), contractors deduct money from a subcontractorâs payments and pass it to HM Revenue and Customs (HMRC). The deductions count as advance payments towards the subcontractorâs tax and National Insurance. Contractors must register for the scheme.
Depreciation and Amortization. Not all G&A expenses represent cash leaving the company. Depreciation and amortization expenses are a result of the matching principle of accounting. This principle tells us that we should match the costs of producing revenue to the period when the revenue is produced.
General and administrative expense is the set of expenses required to administer a business, and which are not related to the construction or sale of goods or services.This information is needed to determine the fixed cost structure of a business.Examples of general and administrative expenses are: 1  Accounting staff wages and benefits.eneral and administrative expense is generally not considered to include research and development (or engineering) expenses, which are usually aggregated into a separate department. General and administrative expenses appear in the income statement below the cost of goods sold.