Running a construction business in the UK is tough enough without the added headache of navigating the Construction Industry Scheme (CIS). It’s a complex system, and getting it wrong can lead to penalties, delays, and a whole lot of stress. That’s where BNA Consulting comes in. We’re here to ensure your cis construction business stays compliant, efficient, and focused on what it does best: building.
Understanding the CIS Maze
The CIS governs how payments to subcontractors in the construction industry are handled for tax purposes. Contractors must deduct tax from subcontractors’ payments and pass it on to HMRC. Sounds simple? Not always. Determining whether a worker is an employee or a subcontractor, understanding the different CIS rates, and submitting accurate monthly returns can be a minefield.
Why Choose BNA Consulting for Your CIS Needs?
- Expert Knowledge: Our team of English and Russian-speaking accountants is are CIS expert. We stay up-to-date with the latest regulations and changes, so you don’t have to.
- Hassle-Free Compliance: We take the burden of CIS compliance off your shoulders. We handle everything from verifying subcontractors to preparing and submitting your monthly returns.
- Minimising Risk: Errors in your CIS returns can lead to hefty penalties from HMRC. We ensure accuracy and compliance, minimising your risk of fines and investigations.
- Saving You Time and Money: By outsourcing your CIS administration to us, you free up valuable time to focus on growing your business. We also help you identify potential tax savings and ensure you’re not overpaying.
- Personalised Service: We understand that every construction business is unique. We tailor our services to your needs and provide personalised advice and support.
Our Comprehensive CIS Services
We offer a full range of CIS services, including:
- Subcontractor verification
- Monthly CIS return preparation and submission
- CIS payment and deduction statements
- Dealing with HMRC enquiries
- CIS registration assistance
- Advice on employment status
Focus on Building, We’ll Handle the CIS
Don’t let the complexities of CIS hold your CIS construction business back. Let BNA Consulting take care of your CIS compliance, so you can focus on what you do best: building a successful business. Contact us today for a free consultation. We’re here to help!