Construction Industry
Contractor responsibilities – to avoid big penalties
Confirm status of those engaged either self employed or employed ( see below)
Subcontractor / partnership / company verification prior to payment
Re- verification of the above if not used within current or previous two tax years
Making appropriate deductions or paying gross only after verification procedures completed
Filing complete and correct CIS Returns by 19th of each month
Factors to help determine Self employed status
No right to ongoing work
No obligation to accept work
Right of substitution
Own personal accident and public liability insurance
Payments on completion of task – not hourly
Financially responsible for rectification costs
Own tools, equipment and clothing
Advertise, tender, price and quote for work in their own right
Flexibility to work when they want to
No notice period
No attendance at staff parties and functions
No expenses reimbursement
Contract
Own employees or subcontractors
Own vehicle, logo, branding
No disciplinary procedures
Items covered under CIS
Labour
Installation of air conditioning, heating, lighting, drainage, sanitation, power supply
Profit on materials
Travelling costs
Subsistence
Plant hire with operator
Demolition and repair of buildings
Painting and decorating
Internal cleaning as part of construction process
Architects and surveyors managing construction projects
Mixed service contracts including both the above and exempt services ( see below)– beware !
CIS exempt services when invoiced separately
External cleaning
Security & Fire Safety equipment and systems
Carpet fitting
Architects and Surveyors design – beware project management ( see above)
Minor repair of installed systems
Why choose our full in-house service
Your One Stop Shop
Let us take care of the paperwork headache and the ever increasing regulatory requirements whilst freeing up your time to focus on running your business
Avoid unnecessary penalties, fines, and interest charges for missed deadlines and failing to comply with regulations
Better quality accounting records means faster turnaround of accounts to support business and financing decisions
Real time monitoring of business performance and position to quickly identify opportunities, trends, and problems requiring attention
Possible cost savings on IT and manpower
| Packages available: | ||||
|---|---|---|---|---|
| 3 star | 4 star | 5 star | ||
| Annual | Quarterly | Monthly | ||
| Sole trader and Partnership registration | ✔ | ✔ | ✔ | |
| New company formation | ✔ | ✔ | ✔ | |
| New employer / Contractor registration | ✔ | ✔ | ✔ | |
| VAT registration | ✔ | ✔ | ✔ | |
| Bookkeeping service including VAT returns | ✔ | ✔ | ✔ | |
| Full payroll / CIS service includes setup, starters and leavers, subcontractor verifications, monthly processing including payslips, RTI filing and year end procedures | ✔ | ✔ | ✔ | |
| Company secretarial service includes, company annual return, dividend paperwork, all companies house forms and filing | ✔ | ✔ | ✔ | |
| Telephone and email support | ✔ | ✔ | ✔ | |
| Annual accounts , review meeting and recommendations | ✔ | ✔ | ✔ | |
| Quarterly management accounts, review meeting and recommendations | - | ✔ | - | |
| Monthly management accounts, review meeting and recommendations | - | - | ✔ | |
| Cashflow and profit forecasting | ✔ | ✔ | ✔ | |
| Personal tax returns | ✔ | ✔ | ✔ | |
| Partnership tax returns | ✔ | ✔ | ✔ | |
| Company tax returns | ✔ | ✔ | ✔ | |
| Optional consultancy service available upon request | ✔ | ✔ | ✔ |
Optional consultancy Service available upon request
Bespoke packages also available
All packages payable by monthly standing order
Contact us for your personalised quote today
Next Step:
Please contact us if you need further advice, have any questions about our services, would like a free consultation or a fixed fee quote.
