Wolverhampton is about twenty minutes from our office in Cannock, straight down the M6 or across the A460.
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.
Fabrication and erection are taxed differently
Wolverhampton and the i54 corridor carry a lot of engineering and metalwork alongside the general building trades, and that combination creates the single most misunderstood split in CIS. Manufacturing components off site is excluded from the scheme by statute. Erecting them on site is a construction operation. One company, often one contract, two tax treatments.
Get the invoice split at the point it is raised
If a single line says “supply and install, £40,000” the contractor paying it will apply CIS to the whole lot, including the part that was never in scope. Splitting the fabrication from the erection on the invoice itself is the difference between getting paid and spending a year reclaiming.
Electrical and mechanical work has the same problem
Installing a new power or lighting system sits inside CIS. Repairing existing wiring or swapping a component in a system that is already there sits outside it. That is HMRC’s own line and most electrical firms apply the scheme to everything or nothing.
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.
- Construction accountants in Cannock
- Construction accountants in Birmingham
- Construction accountants in Walsall
- Construction accountants in Stafford
- Construction accountants in Lichfield
- Construction accountants in Telford
- Construction accountants in Stoke-on-Trent
Common questions
We fabricate and install. How should we be invoicing?
Split it on the invoice at the point it is raised. Off site manufacture of components is excluded from CIS by statute and installation is not. If both sit on one line the contractor paying you will apply the deduction to the whole amount, and you will spend a year getting the fabrication element back.
Do I need to come to the office?
No. Wolverhampton is about twenty minutes away if you want to, but everything runs on cloud accounting and most clients never visit.