If you're a contractor or subcontractor navigating the Construction Industry Scheme (CIS), you can count on us for all your accounting needs. At Ellacott Morris, we are specialists in CIS accounting, well-versed in the unique responsibilities that come with it.
Our tax experts are dedicated to keeping you fully compliant with the CIS, ensuring that you meet all your tax obligations efficiently. We're here to assist you with a wide range of tasks, from helping you get started with the scheme to managing monthly submissions, handling overpayments, processing refunds, and more.
By partnering with us, you can save time and money while staying on top of your CIS-related finances. We understand the intricacies of the construction industry and the importance of accurate and timely reporting, so you can trust us to handle your accounting needs with precision and expertise.
Our services for Contractors and Subcontractors include:
Contractors
- HMRC registration as a contractor
- Subcontractor verification with HMRC
- Payment management: Ensure you pay your subcontractors correctly within the scheme
- Calculation and production of deduction statements
- Providing you with the journal entries for your accounts
- Preparation and submission of monthly HMRC returns
Subcontractors
- Advising of your employment status as a subcontractor or employee, (or both) for your contracts
- HMRC registration as a subcontractor
- HMRC Verification on behalf of your contractor
- Bookkeeping, annual accounts and Self Assessment Tax return