CONSTRUCTION INDUSTRY SCHEME

CIS Accountants

At Acorn Accountants, we understand the unique accounting needs of businesses operating in the construction industry. That’s why we offer specialized services related to the Construction Industry Scheme (CIS). Our accountants are well-versed in the intricacies of CIS regulations and can provide comprehensive support to contractors and subcontractors. With our CIS services, we aim to streamline your financial processes, ensure compliance, and optimize your operations for success.

What is the Construction Industry Scheme (CIS)?

The Construction Industry Scheme (CIS) is a tax scheme implemented by HM Revenue and Customs (HMRC) in the United Kingdom. It applies to businesses operating in the construction sector and involves specific rules and obligations related to tax and employment status. The CIS aims to regulate payments between contractors and subcontractors, ensuring tax deductions are correctly made at source.

CIS Registration and Verification

We assist businesses in registering for the CIS scheme, ensuring compliance with the necessary requirements. Our team will guide you through the registration process, help you gather the required documentation, and submit the application on your behalf. We also handle the verification of subcontractors, ensuring correct registration with HMRC and their tax status is validated.

CIS
Compliance

Navigating CIS regulations can be complex, with stringent rules to follow. We provide comprehensive support to ensure your business remains compliant with CIS requirements. Our team will help you understand your obligations, such as making correct tax deductions, submitting monthly CIS returns, and issuing payment and deduction statements to subcontractors.

CIS Tax Deductions and Payments

We assist contractors in calculating and deducting the correct amount of tax from payments made to subcontractors. We ensure compliance with CIS tax deduction rates and handle the submission of monthly CIS returns to HMRC. We also help subcontractors understand their tax obligations and provide guidance on offsetting CIS deductions against overall tax liabilities.

Our CIS services are designed to alleviate the administrative burden and ensure compliance for businesses operating in the construction industry. With our expertise in CIS regulations and our commitment to delivering tailored solutions, we aim to optimize your financial processes and provide peace of mind. Whether you're a contractor or subcontractor, our dedicated team is here to support you every step of the way, allowing you to focus on what you do best—building your business. Contact us today to learn more about how our CIS services can benefit your construction-related operations.
Helen Kedward
Lead Accountant
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