We are well-known for our insightful advice and the depth of our experience in taxation services. We have vast experience serving of companies in different sectors of industry. We bring our deep knowledge and expertise to serve the business with the whole range of tax matters, whether direct, indirect, individual or cross-border taxation.
ANNUAL ACCOUNTS PREPARATION
IR35 and CIS Scheme
The CIS tax system affects most of the businesses and self-employed workers in the construction industry. It is a complex piece of tax law, which generally requires contractors to withhold tax from their subcontractors at the point of payment. Contractors are required to report these deductions every payroll month through the online CIS reporting system and pay the correct amounts to HMRC. They are also legally bound to provide a certificate to subcontractors showing the amounts earned and tax deducted.
Subcontractors are required to have a registered business or to be self-employed, and to submit a tax return each year. They report their total income, are allowed certain business tax allowances, and can offset the CIS tax deducted against their tax liability. We specialize in CIS tax matters.
VAT AND SELF-ASSESSMENT
The Construction Industry Scheme (CIS) is designed to decrease perceived undeclared payments in the construction sector. The CIS attempts to tackle this by requiring ‘contractors’ to deduct tax from payments made to ‘sub-contractors’ and pass it to HM Revenue and Customs (HMRC). We are proud to support end clients, recruiters and workers who engage in construction operations and have a comprehensive range of solutions to suit all needs. We also help our clients to think differently about their business, and to plan and handle it by focusing on the right things.
As a start-up business, we understand that your priority is to generate revenue and grow your new business. This is the time to hire someone to handle your bookkeeping & accounting.
Our Accounting Experts have the proficiency and ability to take your business to the next step.
There is a strong relationship between these two Contractors and IR35.
to combat tax avoidance by workers supplying their services to clients via an intermediary,
such as a limited company, but who would be an employee if the intermediary was not used.
A tax credit is an amount of money that taxpayers are permitted to subtract. Tax credits are more favorable than tax deductions because they actually reduce the tax due, not just the amount of taxable income. We help simplify procedures and ensure compliance.
Child benefit is paid to help people with the costs of bringing up a child. Child Benefit is receivable by a person responsible for each child until they reach 16, or 19 years of their age, if they stay in education or training.
Council Tax is paid by your local Council to help people on low incomes pay their Council Tax. You do not have to be getting any other benefits to qualify for help; it does not matter if you already get a discount for living alone.
State Benefits are sums of money paid by the Government to people in certain circumstances to meet their day to day living needs. They exist to make sure no one falls below a minimum standard of living.
Tax credits and allowances are payouts made regularly by the state into bank accounts to support those with children or in work but with a low income. They’re paid via the tax office to anyone aged over 16.