If you are working in the construction industry, then you will have to comply with requirements of the Construction Industry Scheme. As your Accountant, we can assist you to comply with the onerous requirements of the Scheme for your business.
The Construction Industry Scheme (CIS) sets out special rules for tax and national insurance (NI) for those working in the construction industry. Businesses in the construction industry are known as â€˜contractors’ and â€˜subcontractors’. They may be companies, partnerships or self employed individuals.
The CIS applies to construction work and also jobs such as alterations, repairs, decorating and demolition.
Why Choose Simon & Co to help you?
As you can see from the above, being in the construction industry is an extra administrative burden you could probably do without. At Simon & Co, we have a system in place to help automate the process. We can also tailor our services to fit around you and your needs. Some clients prefer us to do everything, other clients do the work themselves and come to us for the initial setup and then guidance along the way. We are flexible and are happy working with you to build a solution that works for you.
Please do get in touch if you would like further information about the Construction Industry Scheme. We can help you fulfil your duties as both a contractor and subcontractor.