Accurate and timely submission of CIS Returns not only avoids the monthly penalty but also in many cases allows you to offset CIS due in the month against other PAYE liabilities. This could be crucial for small businesses cash flow.
If you are employing subcontractors under the scope of CIS you will need to make a monthly return to HM Revenue & Customs and provide your subcontractors with a monthly subcontractor statement of deductions. We can assist by completing the whole process for you or any aspect that you require.
We will advise you as to whether gross payment status or the standard deduction of 20% would best suit your business and take care of the application process if it is felt gross payment would be beneficial.
In addition we can complete and submit the annual Construction Industry Training Board (CITB) Levy Return if it is an area you have little or no experience in.
Learn more about our other Accounting Services: