Accounting services for the Construction industry
The construction industry is one of the most volatile sectors in the UK economy, and careful planning and advice are needed to maintain efficiency and competitiveness.
With years of experience in this sector, we at Evans & Partners pride ourselves on having an understanding of the specific problems faced by builders, building and civil engineering contractors, and civil engineering consultants, and in being able to recommend effective solutions.
Contact us and we can guide you through the maze of regulations imposed on the industry, help you to minimise your compliance costs, and help you to build a successful future.
We can also advise on choosing and using Xero accounting software for construction.
Construction Industry Scheme
The Construction Industry Scheme (CIS) sets out the rules for how payments to subcontractors for construction work must be handled by contractors in the construction industry.
What Contractors need to do under CIS
As a contractor you have certain obligations under the scheme, including registering with the scheme, checking whether your subcontractors are registered with HMRC, paying subcontractors and submitting monthly returns.
Evans & Partners can work with you to help you optimise your performance through advice on appropriate funding, project planning, cashflow planning, payroll services, etc.
What do Subcontractors need to do under CIS
If you are a subcontractor, you need to register with HMRC – as well as your main business name you can register up to one trading name. You must also keep HMRC informed of any changes to your business (including changes to the structure, address, business name, partners etc.)
Evans & Partners, accountants in Bristol can help you with all elements of CIS. Do please call us on 0117 9675215.
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