CIS Services in Sheffield S11, South Yorkshire

If you’re a company, partnership or a self-employed individual working in the building or construction industry, you may have to pay tax under the Construction Industry Scheme (CIS).

What is the CIS scheme?

This tax deduction scheme refers to payments made from contractors to subcontractors. Contractors deduct money (20%) from a subcontractor’s pay. This deduction is then paid to HMRC on a monthly basis, on the subcontractor’s behalf. At the end of the financial year, we can then assist any subcontractors with claiming this tax back from HMRC.

How we can help you?

We understand the stress that the scheme can place upon contractors and subcontractors who just want to run their business. By appointing ourselves, you will have the peace of mind that everything will be sorted for you.

We will save you time and inconvenience, allowing you to do what you do best and run your business.

CIS for contractors

At Brown & rear Accountants we offer the following services for our CIS contractors:

• Register your business as a contractor with HMRC

• Verify new subcontractors and inform you of the correct tax deduction rate

• Send you a reminder every month when it is time to file your CIS return

• Check all CIS tax deductions including qualifying materials

• Complete payment and deduction statements to provide to your subcontractors

• Submit your monthly CIS return to HMRC

• Register ourselves as your agent, which authorises us to deal with all your HMRC correspondence

• Represent you in any HMRC investigation

• Provide ongoing advice and support

• File everything accurately and on time ensuring all penalties are avoided 

CIS accountants for subcontractors

We also offer the following services for our CIS contractors:

•  Register your business as a subcontractor with HMRC

• Offer advice on gross payment status and register for gross payment status with HMRC

• Reconcile all CIS deductions with your sales invoices

• Complete your tax returns on time

• Calculate tax refunds ensuring the largest repayment possible

• Chase up tax repayments with HMRC

• Register ourselves as your agent, which authorises us to deal with all your HMRC correspondence

• Represent you in any HMRC investigation

• Provide ongoing advice and support

• File everything accurately and on time ensuring all penalties are avoided