Wood, Hicks & Co PROVIDE A COMPLETE RANGE OF CONSTRCUTION INDUSTRY SCHEME SERVICES
Find out more about our CONSTRCUTION INDUSTRY SCHEME service
Whether you’re a contractor or sub-contractor we’ll help you determine if you should be CIS registered and advise you accordingly. CIS is wide ranging and can capture businesses that may assume they’re outside its reach so speak to us today to confirm you’re compliant.
No matter if you trade through a company, partnership or sole trade we can assist in the following ways:
- Calculate and claim CIS refunds
- Calculate deductions from sub-contractors and advise you of the amount payable to HMRC
- Verify sub-contractors
- Submit monthly CIS returns to HMRC
- Submit EPS submissions to notify HMRC of deductions suffered
- Correspond with HMRC if they query deductions suffered
- Register for CIS with HMRC
- Provide deductions statements to sub-contractors
Corporation tax reliefs and rates change annually, so we ensure that we can provide all the right guidance and advice when looking at exemptions, allowances and deductions that may be available.
We will thoroughly review and prepare corporation tax returns in great detail in order to ensure you are compliant and that you don’t incur any penalties.
Our tax services make sure that your tax liability is calculated taking into account all allowed exemptions and deductions. We simplify the process by using accountancy software to accurately complete tax returns and calculate any tax liability that may occur, along with any payments that need to be made.
Capital gains tax
You may be looking at investments, a second property or another asset and our team can make sure you maximise your exemptions while simplifying the difficult area of capital gains tax.
Personal tax planning
Wood, Hicks & Co can help with the complex issue of personal tax, we know it can be difficult to understand, which is why we help every step of the way. We take away the time and stress by creating a tax planning strategy that suits your tax affairs, helping ensure you pay the least amount of tax. Our team will advise when payments are due along with what forms need to be filed and returned to keep you compliant.