Construction Industry Scheme (CIS)
Ensuring full compliance for the construction industry
If your business operates in the construction industry, it’s important that you are up to speed with the Construction Industry Scheme. It lays out rules for subcontractors and stipulates how payments need to be handled by contractors. Confused? Allow us to relieve the burden with our knowledge and services specifically tailored to the construction industry.
This Scheme places the obligation on contractors, meaning those that engage the labour for construction work. Failure to operate within the rules of the scheme can result in significant financial penalties, so it’s certainly in your best interest to remain compliant. And that’s where we step in.
If you are operating as a contractor, we will help to ensure that you never incur penalties as a result of failing to submit your monthly returns to HMRC. Our highly trained accountants will assist you in registering with HMRC, ensure you pay your subcontractors in accordance with the scheme and help to keep your records in excellent working order.
The full-spectrum nature of our services means that we are also able to assist subcontractors by helping you to determine your working status and then registering you with HMRC accordingly. Our reliable service will also enable you to ensure your business records are managed well. We can even help you to prepare your end of year self-assessment tax return.
Here at Rogers Spencer we have always employed problem solvers, and we know that often issues occur when individuals are left in the dark about their financial requirements. That’s why we don’t want to simply do the work for you, we want to educate you about the process as well, ensuring that you are on board every step of the way.
If you have any questions about our CIS services, contact us today and we will do our best to help.
Speak to An Expert
“Rogers Spencer has been supporting us for over 20 years in all aspects of our businesses, from accounting and payroll to business advice and planning. We cannot recommend their services enough and have always felt in very safe hands with their highly skilled and experienced team.”