CIS can be a minefield. From verifying, calculation of deductions, to submitting the return to HMRC. Put it simply – if you operate within the construction sector, then chances are you are either being deducted CIS tax on your sales invoices, or need to deduct CIS tax from your subbies, sometimes both!
CIS returns are a monthly declaration to HMRC on the number of sub-contractors, made up of gross payments to include labour and materials, with the appropriate CIS tax deducted – this can be anything from 0%, 20% or 30%.
If you have suffered CIS deductions, generally you can claim this back via your self-assessment or in some cases, offset against other taxes like PAYE or corporation tax.
We help our clients not only with the monthly submissions, but verifying, producing CIS statements and reclaiming any CIS tax suffered.
Get in touch with one of our CIS experts today and find out how we can help you!
Why choose us for your CIS Services:
- Responsive – We have internal KPIs for delivering our services and responding to clients, no one wants a tax bill on the day it’s due. We’ll give you plenty of notice and always respond to queries in a timely manner.
- Experienced – As chartered accountants & chartered tax advisors, we’ve been there and got the t-shirt so there isn’t much we don’t know about accounting and if we don’t, we know where to find out!
- Cost Effective – Appointing an accountancy firm is an investment, not a cost. Our purpose is to ensure we save you money and provide you with a valuable service to help your business start, grow and succeed.
- Proactive – For our self-assessment and company accounts services, we have a pre-tax review as standard to ensure you are claiming all the available reliefs and allowances to operate tax efficiently, topped off with a personal tax forecast so you know where you stand way ahead of time.
- Personable – We never talk to you in technical language, that’s for us to do around the office water cooler. We keep it simple and straight forward so we are always approachable for any questions.
- Single point of contact – Whether you have one service or multiple services with us, you will always have a single point of communication with a Client Manager so you’ll not passed from department to department to get an answer.
