Accountants for Construction Industry Scheme builders, contractors and subcontractors in Ealing, London

Accountants for Construction Industry Scheme builders, contractors and subcontractors in Ealing, London

Construction Industry Scheme (CIS) is introduced by HMRC that dictates contractors to withhold tax for certain constructions contracts unless subcontractors are registered to receive the gross payments. Under the CIS scheme, contractors deduct money from a subcontractor’s payments and pass it to HMRC, which serve as advance payments towards the subcontractor’s tax and national insurance. This needs to be done every month, and contractors who fail to comply can face hefty fines. If you are in the construction industry, whether you are a subcontractor or a contractor, you have certain obligations to meet. You may be unsure of what you need to be doing to stay compliant, our qualified expert tax advisors and accountants are here to assist you in every stage of the compliance process.

How Do We help Our Clients

We offer high-quality services to individuals and businesses with limited companies in the Construction Industry Scheme (CIS). Our services include;

  • We offer a dedicated professional ‘Client Accountant.’
  • We will provide you access to our online cloud-based software where you will be able to raise invoices when required
  • We offer the registration of contractor/subcontractor to CIS scheme
  • We will help you with the application of ‘Gross payment status’ where applicable
  • We will prepare CIS returns every month as per the requirement of HMRC
  • We will submit the accounts, and tax returns to HMRC for you
  • We will ensure where you reclaim the tax refund where applicable
  • You will receive a tax planning service to grow your business
  • You will receive timely reminders so that you provide us with the records on time and we meet all the HMRC statutory deadlines in time
  • We provide professional accounting servicesfor Bookkeeping, corporation tax, payroll, VAT returns, tax returns and accounts production to our clients

Please call us on 020 8577 0204 or schedule a meeting by clicking a link above.

How To Register For CIS

In order to register for the Construction Industry Scheme (CIS) you’ll need:

  • your legal business name – you can also give a trading name if it’s different to your business name
  • your National Insurance Number
  • Your unique taxpayer reference number (UTR)
  • your VAT registration number (in case you are VAT registered)

If you’re a subcontractor and a contractor (you pay subcontractors to do construction work), you’ll need to register for CIS as both.

Benefits of CIS company

  • You can take money out of business using more tax-efficient ways.
  • Your monthly deduction will be only 20% as opposed to 30%.
  • You can claim for all tools and equipment expenses for your construction work and tax reliefs.
  • Opportunity to apply for gross payment status. You can have the additional payment benefits of a limited company.
  • You can enjoy tax relief on pension contributions.

More than 22 Years of Experience 

Accredited by ATT,
ACCA & ICAEW

Partners with Quickbooks, Xero, Free agent, Brightpay

Specialist in tax Advisory & Accounting services

Why Choose Us

The close relationships we build with our clients mean that you will always receive a first-class professional service. No two businesses are alike; therefore, we ensure that we tailor our approach to suit you.

We offer proactive, practical advice, reducing your tax, maximizing your wealth and exceeding your expectations by our dedicated account managers who very friendly and approachable.

We take great pride in the professionalism of our work and are determined to uphold our professional standards in everything we do. Our staff specialise in tax advice for sole traders and small limited companies.

Unlike many other accounting firms, we offer fixed-term contracts and prices to our clients in line their accounting and bookkeeping needs.

We commit to understand and deliver what our clients want, and in a timely manner. Work is done on time, every time. This is the reason our client refer us as one of most reliable accountancy practice.

We aim to bring quality services to our clients, which we achieve by listening to clients accountancy needs even if we have to go through numerous meetings with client.

2019 © All Rights Reserved