Best CIS Accountants London help you with CIS Accountancy and Tax Returns

 

Taj Accountants is a specialist CIS Accountants in London have excellent in-depth knowledge and expertise in dealing with Construction Industry Scheme, CIS returns, Cloud Bookkeeping and complete tax and accounting services. 

 

As top CIS accountants, we help you manage your accounting functions, freeing up time to focus on CIS work. We handle your tax affairs seamlessly. Call us now at 02037595649.

 

Under the Construction Industry Scheme (CIS), contractors deduct money from subcontractor payments and pass it to HM Revenue and Customs (HMRC). These deductions serve as advance payments toward the subcontractor’s tax and National Insurance.

 

Will CIS apply to you?

 
  • Contractors must register for the scheme.
  • Subcontractors don’t have to register, but deductions are taken from their payments at a higher rate if they’re not registered.
  • Subcontractors or those deploying services of subcontractors for construction works are liable for tax assessment under the Construction Industry Scheme (CIS). As a subcontractor one needs to be verified by the principal contractor.
  • CIS applies to you even if construction isn’t your core activity, but you spend significantly on it each year. For example, CIS may also apply to non-construction companies like housing associations and local authorities that spend over £1 million annually on construction.

  • This scheme also covers labor agencies, property developers, and gang leaders.

 

CIS Taxation rates, and why you need the help of our CIS

 

There are as many as three rates for the subcontractors that come in the range of 0%-30% depending on the category to which the subcontractor belongs. While CIS aims at minimizing the tax evasion in construction industry the aim of the tax payer will always be reduction of tax amounts as much as permissible legally. Tax calculation and especially CIS tax assessment is a complex process and requires handling by experts, in order to ensure that you are not burdened with exceptionally heavy taxation.

 

What can our CIS Accountants do for you?
 
  • We at Taj Accountants offer numerous taxation related services of which, CIS taxation constitutes one of the important elements. Our highly experienced team of taxation experts will handle all cases with ease and convenience.
  • We will keep your records and books updated with the latest regulations for your sector and amendments for your interest and will develop a tax plan specially designed for you, that will allow you to save money by minimizing your tax liabilities.
  • Through our tax planning designed for each business we guide our clients step by step in getting the highest possible taxation discounts, easing the financial burden of their business.
  • For instance; a subcontractor that has not been verified and is not VAT registered may have to pay as much as 30% of their payables in form of CIS taxes. Verification and VAT registration can reduce this to 0% on CIS.
  • Furthermore, since taxation is closely related to getting rebates, our tax attorneys will work consistently on ensuring that the client gets available rebates. For instance; a client working primarily on CIS related jobs will also have tax rebated on his or her annual tax payments
 
Why our CIS Accountants Services?
 
  • Many service providers offer similar services, yet our unique approach helps us stand out.

  • With forward-thinking and deep foresight on all CIS and tax-related issues, we provide clients with excellent support, securing the best possible benefits.

  • Every action we take is aimed at delivering top-notch results, ensuring quality work, support, and expert knowledge whenever needed.

  • Additionally, our cost structure is tailored to the tasks we complete, designed to ease our clients’ stress—not add to it.

Service Process

01

Listening to your business needs

"Listening to your business simple and clear statement that suggests

02

Solutions tailored to your needs

Solutions tailored to your needs" communicates a customer-centric

03

Align tactics with objectives

Aligning Tactics with Objectives" refers to the strategic process of ensuring

04

Deliver measurable results

A Holistic Approach to Financial Planning" is a comprehensive method

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