The Construction Industry Scheme (CIS) sets out the special tax rules for subcontractors who work in the construction industry and how payments must be handled by contractors.
Financial management with expert services
At TaxAssist Accountants, we pride ourselves on providing a seamless service to both contractors and subcontractors, so we can manage your CIS affairs efficiently to save you time and stress.
By making sure we are always up to date with any changes to the CIS regulations we can notify you quickly of any changes that may affect you.
Our financial solutions
We can help to keep your CIS affairs in order. Our experts will support you to meet your obligations, and ensure you are organised and up to date with all you need to know. It can be a complex system, especially where there are multiple projects and people involved. Our goal is to simplify and streamline the CIS process for you
Why choose our CIS service?
From registering you with HMRC to supplying deduction statements and managing your records, we’ve got you sorted:
Contractors
- HMRC registration: Register you with HM Revenue & Customs (HMRC) as a contractor
- Subcontractor verification: Verify your subcontractors with HMRC
- Payment management: Ensure you pay your subcontractors correctly within the scheme
- Deduction statements: Supply your subcontractors with deduction statements
- Record keeping: Keep your records in good order
- Submissions: Submit your monthly returns to HMRC by deadlines
Subcontractors
- Employment status: Register you with HMRC after determining your status as a subcontractor or employee, (or both) (for each and every contract)
- Verification: Verify you with HMRC on behalf of your contractor
- Record keeping: Manage and organise your business records
- Tax return: Prepare your end of year self-assessment tax return
Get in touch
Let TaxAssist Accountants Luton Central help you meet your CIS obligations. Call us today on 01582 457 999 or use our online enquiry form.
Join us in three easy steps
Get in touch
Arrange a free consultation in person or via video with your local accountant. It’s an informal chat to get to know you and find out more about the help you are looking for.
Chat to an expert
We clearly explain the support available to you and are happy to act as business advisors in order to help you grow your business.
Get a fixed quote
Our fees are fixed and tailored specifically to each individual's needs, so that you only pay for the level of support and services that you require.
Choose the right accounting firm for you
Running your own business can be challenging so why not let TaxAssist Accountants manage your tax, accounting, bookkeeping and payroll needs? If you are not receiving the service you deserve from your accountant, then perhaps it’s time to make the switch?
Local business focus
We specialise in supporting independent businesses and work with 100,000 clients. Each TaxAssist Accountant runs their own business, and are passionate about supporting you.
Come and meet us
We enjoy talking to business owners and self-employed professionals who are looking to get the most out of their accountant. You can visit us at any of our 409 locations, meet with us online through video call software, or talk to us by telephone.
Switching is simple
Changing accountants is easier than you might think. There are no tax implications and you can switch at any time in the year and our team will guide you through the process for a smooth transition.