Construction Industry Scheme (CIS)

Expert CIS Management and Compliance

Navigating the Construction Industry Scheme (CIS) can be challenging for contractors and subcontractors alike. At Watson Syers, we offer comprehensive CIS management services to ensure your business remains compliant with HMRC regulations. Our team of experienced professionals is dedicated to simplifying the CIS process, allowing you to focus on your core business activities.

Our Comprehensive CIS Services Include:

 

CIS Registration

  • Assistance with CIS registration for contractors and subcontractors.
  • Guidance on understanding your obligations under CIS.

Monthly CIS Returns

  • Preparation and submission of monthly CIS returns to HMRC.
  • Detailed verification of subcontractors to ensure accurate deductions.
  • Maintenance of comprehensive records of payments and deductions.

CIS Deductions and Payments

  • Calculation of the correct CIS deductions to be made from subcontractor payments.
  • Preparation of payment statements for subcontractors, detailing deductions made.
  • Ensuring timely payments to HMRC to avoid interest and penalties.

CIS Compliance and Reporting

  • Regular review and reconciliation of CIS transactions to ensure compliance.
  • Preparation of annual CIS summaries for your records.
  • Handling HMRC inspections and queries on your behalf.

Subcontractor Verification

  • Verification of subcontractors with HMRC to determine their CIS status.
  • Ensuring the correct deduction rate (20%, 30%, or gross) is applied.

Tax Planning and Advice

  • Strategic advice on managing CIS deductions to optimize cash flow.
  • Guidance on reclaiming overpaid CIS deductions.
  • Updates on legislative changes affecting CIS and their implications for your business.

How It Works

  1. Consultation:
    • Initial consultation to assess your CIS requirements.
    • Customised proposal outlining our services and pricing.
  2. Onboarding:
    • Collection of necessary information and documentation.
    • Setup of CIS processes tailored to your business needs.
  3. Ongoing Support:
    • Regular communication and updates on CIS compliance.
    • Proactive advice and support to address any CIS-related issues.
  4. Filing and Submission:
    • Preparation and review of monthly CIS returns.
    • Timely submission to HMRC to ensure compliance and avoid penalties.

Why Choose Watson Syers for Your CIS Needs?

 

Industry Expertise
Our team has in-depth knowledge of the construction industry and the specific requirements of CIS.

Personalised Service
We provide tailored solutions that cater to the unique needs of contractors and subcontractors.

Compliance Assurance
Avoid costly mistakes and penalties with our meticulous CIS management and compliance services.

Time-Saving
Let us handle the complexities of CIS, freeing up your time to focus on project delivery and business growth.

Competitive Pricing
Benefit from high-quality services at a price that fits your budget.

 

Experience the Watson Syers difference and let us handle your CIS needs, so you can focus on building your construction business.

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