Walsall is our nearest sizeable town, about fifteen minutes from the office at Cannock.
We work with construction limited companies turning over between £500,000 and £5 million. Construction is all we do, which means we are not learning how CIS works on your time.
Small firms paying other small firms
The building trade around Walsall is made up of a lot of firms of five to twenty people who subcontract to each other constantly. That means most of our clients here are a contractor and a subcontractor at the same time, and the duties that come with being a contractor catch people out.
Verify before the first payment, every time
If you have not verified a subcontractor with HMRC you deduct at 30%, not 20%. Get it wrong and the shortfall is yours to pay, not theirs, and you have already handed the money over once. On a job with several trades on it that adds up quickly and it is entirely avoidable.
The 19th does not move
The monthly return deadline is the 19th and the penalty starts at £100 and escalates. We have picked up local firms carrying penalties that ran for months because nobody was watching the date. Handing that over is usually the first thing we do.
What we handle
The same work wherever you are, and all of it built around construction rather than adapted for it.
- CIS accounting and returns, from verification through to the year end reconciliation
- Construction VAT, including the domestic reverse charge and end user status
- Payroll, run alongside CIS rather than separately from it
- Job costing, so you know which contracts made money while there is still time to act
- Cash flow forecasting built around retentions and payment terms
- Year end accounts and Corporation Tax
Not sure whether your work is inside the scheme?
Around a third of the trades we cover sit outside CIS, and most of them have been having deductions taken for years without knowing. Have a look at the trades we work with and find yours, or book a call and we will tell you either way.
Areas we cover
We work across the whole of the UK. These are the areas closest to the office, where we do the most work and where you can come in if you would rather sit down with somebody.
Common questions
I pay other subcontractors. Does that make me a contractor?
Yes. If you pay anyone for construction work you are a contractor under the scheme, whatever you call yourself. That brings verification, monthly returns by the 19th and deduction statements. Being a subcontractor at the same time does not change it.
What happens if my CIS returns are already late?
We file what is outstanding, work out where you stand and deal with HMRC on the penalty position. Late returns are a large part of what we pick up and it is a fixable problem, but it gets more expensive the longer it runs.