CIS Accounting and Tax Returns

The CIS i.e. Construction Industry Scheme tax is levied on everyone who is a part of the construction industry. The contractors need to ensure that a part of the subcontractor’s earnings should be deducted to cover their national insurance and tax. The subcontractors can claim the part of the tax that is overpaid after submitting their yearly tax returns. We provide complete assistance to the contractors and subcontractors to make it easier and hassle-free for them.


Features and Benefits for CIS

Are you liable to pay CIS tax?

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Contractors

If you work as a contractor and are confused about CIS then our experts will let you know the intricate details to you.

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Subcontractors

If you are a subcontractor and want to file CIS returns then we provide complete assistance to save your effort apart from your time and money.

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Who all liable?

Anyone whose main activity is construction or who spends a substantial part of his/her income on construction works is liable to pay CIS tax.

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CIS also has an impact on:

Other individuals who are covered in this scheme include labour firms, developers and leaders.

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CIS registration

All contractors should register under CIS before undertaking any work or before employing any sub-contractor.

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Built-in humans

Register for Self-Assessment and Class 2 National Insurance, if your earnings are more than £1,000

CIS Taxation Rates

Why you require the help of our CIS

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Nexa's CIS Benefits

There are essentially the three rates for the subcontractors that usually fall in the range of 0%-30% subject to the category to which the subcontractor belongs. While CIS focusses on reducing the tax evasion in the construction industry the objective of the tax payer will always be the minimization of tax amounts as much as allowed legally. Tax calculation and especially CIS tax assessment is a tedious process and needs an expert handling, in order to ensure of not getting burdened with unexpectedly heavy taxation.



Why Choose CIS Service

There are various service providers in the industry which offers these services but with our distinctive way of working we stand out in the crowd.With our deep anticipation skills and forward thinking approach on all CIS and other tax related matters, we can support our clients in an excellent manner providing them all the best advantages in the bargain.All our actions are focused towards offering our valued clients best advantages in the most professional manner which ensures support, quality work and expert knowledge whenever you require it.Therefore, we have also kept our cost structure distinctive depending on our task fulfilled. We work in releasing our clients’ tension, hence not adding to it.

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Why CIS Accountant required ?

We will maintain your books and records updated as per the latest regulations for your sector and amendments for your interest and will establish a tax plan especially meant for you. For each business we guide our clients’ consequential wise in obtaining the highest possible taxation discounts, simplifying the financial burden of their business.Suppose a subcontractor that has not been verified and is not registered for VAT may have to pay as much as 30% of their payables through CIS taxes. Verification and VAT registration can minimize this to 0% on CIS. Moreover, since taxation is closely dependent on getting rebates, our tax practitioner will work constantly to ensure that the client obtains available rebates.

Accounting & so much more

Our online accounting service is built around you, allowing you to manage your CIS anytime, anywhere. Get unlimited support and advice from our expert accountants who are accessible, knowledgeable and passionate about helping you grow.