Do you work within the construction industry?
​We are specialists when it comes to assisting businesses operating within the construction industry. Being registered as a contractor requires you to file construction industry scheme (CIS) returns on a monthly basis and must be reported to HMRC online. Engaging Resolve Accountancy would provide you with peace of mind the correct rules and regulations are being adhered to and your business is fully compliant.
​What we can do for you
-
Ensure the correct tax deductions are being made
-
Navigate changes to the rules
-
Proficient in accounting software
-
Offer strategic advice tailored to your business
-
Guarantee compliance and assurance
CIS regulations can be complex and involve intricate rules regarding tax deductions, verification of subcontractors and compliance requirements. We are proficient with these regulations so can ensure the returns are submitted accurately.
Not only will HMRC issue penalties and fines for incorrectly filed CIS returns but managing these returns can be time-consuming, especially for contractors with multiple subcontractors and ongoing projects. Book in your free initial consultation to see how we can help.
What does it mean to be a subcontractor?
A subcontractor is a person or business entity that is hired by a main contractor to perform specific tasks or services as part of a larger project or contract. Although you are not required to submit any CIS returns you are required to manage your own taxes as well as ensuring your records are kept up to date.