Specialist CIS tax
If you or your business are involved in the construction industry, you will no doubt be aware of the Construction Industry Scheme (CIS) and how it works. In simple terms, when a contractor pays a subcontractor, they must deduct money from this payment and pass it on to HMRC. As specialist CIS tax return accountants in London, our payroll expertise allows us to support you with any CIS needs you may have. If you are debating taking on subcontractors due to CIS implications or are concerned about penalties for not completing complex CIS tax returns, our team can take this stress off your shoulders by advising you on the best approach or submitting your returns for you.
Registering for CIS returns
Whether you are a contractor or subcontractor, we can provide you with support on every aspect of CIS returns to ensure you are following regulations correctly. We’ve helped a wide range of London clients and businesses who work in the construction industry, developing extensive knowledge in this area.
Register as a contractor
If your business employs subcontractors for construction work or you have spent £3 million on construction in the 12 months since you made your first payment, you must register for CIS. We are able to complete this process for you to ensure you are not at risk of any penalties.
Register as a subcontractor
As a subcontractor being paid for your work, it is not required for you to register for CIS, but it is recommended, as larger deductions are taken from payments to you if you are not. We can ensure subcontractors are registered so that they minimise their CIS deductions.
Submitting CIS returns for your business in London
As a contractor, you are required to file your CIS returns online on a monthly basis and to verify any subcontractors you employ. We can manage this process to submit your returns for you, taking care of the complicated forms and calculating your CIS deduction so you know exactly what you have to pay HMRC. Our years of expertise mean we can utilise our experience to submit your CIS returns for you, saving you as much time and money as possible.
Supporting you with CIS refunds
If you have been managing your CIS returns and believe you have been paying excessive amounts, we are here to help put your mind at ease. We have a process in place to deal with these situations:
- We investigate your claim, keeping you informed of the process and calculating how much of a refund you may be entitled to.
- Once we have clarified and agreed with you on how much we believe you are entitled to, we submit this claim and all the documentation to HMRC.
- This claim is processed by HMRC, and if successful you keep however much you are awarded.
Arrange a free consultation to discuss your claim with us today and find out how much of a CIS refund you may be entitled to.
See how our CIS tax return accountants in London can help you
If you work in the construction industry and would like to find out more about our CIS returns services for London clients, call 020 8850 0700 or email info@omeraccountants.co.uk. You can also arrange a free consultation where we can discuss how CIS regulations apply to your business.
Fixed fee CIS tax return accountants
When it comes to CIS returns, we always agree our fees in advance of working with you. This means that when it comes to looking at your business turnover, you will know our costs so that you can factor these into your outgoings and will not have to deal with any surprise charges. It’s all part of the transparent, personal service we offer.
Why choose Omer & Company as your CIS tax return accountants in London?
Expertise
Our team have extensive knowledge and experience of the Construction Industry Scheme and CIS returns and will offer assistance to your business when it comes to this complex process.
Personalised service
Whichever area of CIS returns you require support with, we tailor our services to help you however we can. We will take the time to get to know your business so we can apply our CIS expertise to benefit you as much as possible.
Communication
We will keep channels of communication with you open while we are managing your returns. We will also keep you regularly updated on how much you are required to pay or if you are eligible for a refund, keeping as much money in your pocket as possible.
Flexibility
We can adapt to any requirements you may have when it comes to CIS returns. Whether you need advice on registering or help with submitting returns to HMRC or claiming a refund, we have the expertise to provide the support you need.
Switching to
Omer & Company
If you operate in the construction industry and have an existing accountant that deals with your CIS returns, you always have the option to switch easily if you are not happy with the service you are receiving. Our simple switch over service means we will transfer all the paperwork from your previous accountant and start work filing your CIS returns as soon as possible.
Contact Omer & Company
If you would like to find out more about our CIS services and how we can apply our construction industry expertise to help you, call 020 8850 0700 or email info@omeraccountants.co.uk. You can also arrange a free consultation to discuss your requirements and get started with our London CIS accountants.
