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The Construction Industry Scheme (CIS) is a set of guidelines for contractors to adhere by when hiring and paying subcontractors.
Failure to comply with these special tax rules set out by the construction industry can result in significant penalties from HMRC.
At Elite Financial Accounting we have a knowledgeable, highly experienced team who help guide and support our clients the best way possible, so they remain in compliance with CIS.
Our Services for CIS contractors include:
Your contractor needs to decide if you are self-employed or an employee. Each offer slightly different classifications. Here at Elite Financial Accounting, we can offer you the guidance and advice to best understand your status and comply with tax regulations.
Our services for subcontractors include:
If you want more information about how we can help you then contact us today!