Accounting for Contractors

As a freelance contractor, you want to be in control of your income and ready to take on the next project without the hassle of accounting getting in the way.

We offer a simple Accounts package to suit your needs, keeping you abreast of your invoicing and allow bookkeeping to be an integral part of your business. We will also go through everything you need to know about complying with HM Revenue and Customs and Companies House.

If you are new to contracting, then we can help set up:

• Registering with HM Revenue & Customs
• Set up your Limited Company
• Register for Value Added Tax (VAT)
• Set up your Payroll arrangements
• Provide you with the best possible tax saving structure

What is the next step?

Firstly, we need consultation with you to review your current tax position and to find out if you will be affected by IR35 legislation. 

We can provide you with a fixed fee quote that lets you know just how much you will be paying each month and keeps your costs under control.

We have many freelance clients, so we therefore have the expertise to provide best solution for all your needs.

Contact us today on 0208 129 8287. To book your consultation appointment.

Construction Industry Scheme (CIS)

Under the Construction Industry Scheme
(CIS), contractors pass on to HMRC deductions made from subcontractors wages.

Contractors must register for the scheme
and file monthly CIS returns to notify HMRC of the deductions made.

For those working in the construction
industry, CIS will apply to most workers, this
ensures the correct tax and National Insurance payments are being made.

Our CIS service has been designed to streamline the
whole process for contractors and subcontractors working in
the construction industry. Just sign up, send us your information every month
and we will take care of the rest.

Contractors

A contractor is a business or other concern that pays subcontractors for construction work.

Contractors may be construction companies and building firms, but may also be government departments, local authorities and many other businesses that are normally known in the industry as ‘clients’.

Our CIS Contractor service covers

CIS monthly filings
Yearly CIS reclaim management
CIS deduction statements
HMRC Subcontractor verification

Subcontractors

A subcontractor is a business that carries out construction work for a contractor.

The scheme covers all construction work carried out in the UK, including jobs such as:

• site preparation
• alterations
• dismantling
• construction
• repairs
• decorating
• demolition

 

Our expert CIS accountants will ensure you are paid correctly, with the right tax deductions to comply with HMRC’s regulations.

We understand that certain regulations are complicated which is why we never put a limit on the how much support you can get from your client managers and our accountants.

CIS Returns

We are experts at submitting tax returns and can promptly claim CIS tax rebates on your behalf.  We offer friendly advice, support and we also make the declaring of tax rebates stress-free and hassle-free.

CIS Returns must be completed within a specific time frame to avoid financial penalties.

It essential for all contractors to submit CIS returns, but we understand that it’s not always easy, so sometimes expert technical “knowledge” is required.

Our CIS service will save you the time and hassle of making a CIS declaration, which means you are able to relax and concentrate with what you do best.