CIS is a key area within the construction sector, and having a firm grasp on its ins and outs is crucial. Whether you are a contractor, subcontractor, or an individual involved in the construction sector, our team can offer expert advice tailored to your unique situation.
We will guide you through the process of registering for the CIS, ensuring that all your paperwork is in order and that you are ready to operate in compliance with the scheme’s requirements.
Compliance with the CIS involves multiple responsibilities, including making deductions from subcontractors’ payments and submitting regular returns to HMRC. Our team will help you understand these responsibilities, ensuring that you are compliant and preventing any potential penalties.
Depending on your role, your responsibilities under the CIS may vary. Contractors must verify subcontractors with HMRC, make correct deductions from their payments, and report these deductions monthly. Subcontractors, on the other hand, must ensure they are registered with HMRC and provide the correct information to contractors. We can assist you in understanding and meeting your specific responsibilities
As real estate and construction projects often span over several financial years and involve various costs, a solid understanding of project accounting is key. Our team can support you in implementing effective project accounting practices, thus ensuring precise financial reporting and maximised profitability.
Why work with us?
We believe in personalised service, understanding each client’s unique circumstances, providing tailored solutions, timely service, and peace of mind.