Construction Industry Scheme (CIS)
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Construction Industry Scheme (CIS) – Simplified for You
What is CIS?
The Construction Industry Scheme is a government initiative designed to regulate payments between contactors and subcontractors in the UK construction sector. If you’re in the construction business, staying on top of CIS rules is essential.
If all the rules and regulations have you scratching your head, you’re in the right place! Let our CIS accountants take the stress out of compliance, ensuring everything is sorted with minimal effort on your part.
Why CIS Compliance Matters
CIS places responsibility on contractors to manage payments and deductions correctly, failure to follow the schemes rules can lead to hefty fines. That’s where we come in to ensure you stay on the right side of the law!
The Big Benefits of CIS
- Improve Cash Flow: Regular deductions and payments mean more predictable cash flow for your business.
- Access to Employment Benefits: Self-employed construction workers in the CIS scheme can access benefits like pensions and sick pay.
- Reputation Boost: Being CIS-compliant enhances your reputation as a trustworthy contractor or subcontractor.
- Lower Deductions: Contractors in the CIS scheme only withhold 20% from payments to subcontractors, compared to 30% for those outside the scheme.
Why Choose Rogers Spencer?
At Rogers Spencer, we don’t just help you follow the rules – we help you understand them. We understand that navigating the complexities of CIS can be tricky, and we’re here to make the process as clear and straightforward as possible.
Our expert team will help you register with HMRC, maintain proper records, and keep everything running smoothly, so you can focus on growing your business. From contractors to subcontractors, sole traders to businesses, we tailor our services to your specific needs, offering expert guidance and support every step of the way.
Get in Touch with Us Today
If you want to make CIS work for you, get in touch with our team today via phone or email. Alternatively, you can complete the enquiry form on our Contact Us website page.
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“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.”