Accountants for CIS subcontractors and trades.
Deduction statements checked, your return prepared, and any repayment claimed or tax to pay worked out.
GS Associates in Uttoxeter looks after builders, electricians, plumbers, plasterers, groundworkers and other trades working under the Construction Industry Scheme across Staffordshire. We keep your deduction statements in order, prepare your Self Assessment return, claim back any CIS overpayment and run the contractor side if your construction business takes on subcontractors. Fixed fees agreed upfront.
If you work in construction
How CIS deductions
work.
Your contractor normally deducts CIS tax after taking off VAT and qualifying costs, such as materials you paid for directly, and pays it to HMRC on your behalf. It's an advance payment towards your tax, not a final bill. When your return is prepared, the deductions are set against the tax due: the result can be a repayment or a balance to pay.
- Deduction statements
- Every contractor should give you a monthly statement. We keep them together, chase missing ones and match them to your bank.
- Expenses trades often miss
- Tools, van and fuel, protective clothing, insurance, phone, training and travel between sites. We check that nothing legitimate is left out.
- Gross payment status
- If your turnover and record are strong enough, you may be able to be paid without deductions. We'll tell you if it's worth applying.
Sole trader or limited company
What we do
for you.
Many CIS subcontractors are sole traders who want the return done and any repayment claimed. Others are companies with their own subcontractors and a payroll to run. The service fits either.
- Self Assessment and any repayment
- Your return prepared and filed as early as you like after 5 April, with CIS deductions set against the tax due.Self Assessment tax returns
- Bookkeeping that keeps up
- Invoices, statements and receipts captured monthly, so the return is quick and you're ready if Making Tax Digital applies to you.Bookkeeping
- Payroll and contractor returns
- For companies: monthly CIS returns, subcontractor verification and payroll with deductions set off correctly.Payroll & pensions
CIS
Your questions,
answered.
Why has tax been taken off my invoices?
Under the Construction Industry Scheme, contractors must deduct tax from payments to subcontractors: usually 20% if you're registered for CIS, 30% if you're not. It's an advance payment of your tax, not a final bill. Registering, and keeping every deduction statement, is the first thing to get right.
GOV.UK: what you must do as a CIS subcontractor
Will I get a CIS refund?
Often, but not always. Your contractor normally works out the deduction after taking off VAT and qualifying costs, such as materials you paid for directly, while your tax is worked out on profit after expenses and your personal allowance. For many subcontractors the deductions add up to more than the tax due, and the difference is repaid through the Self Assessment return; for others there's a balance to pay. We work it out and claim any repayment as soon as the tax year ends.
GOV.UK: how contractors calculate CIS deductions
What if I'm a limited company under CIS?
A company reclaims its CIS deductions differently: through the payroll system, set against PAYE and other liabilities each month, with any balance claimed from HMRC after the tax year. It needs the deductions recorded correctly every month, which is one reason we keep the payroll and bookkeeping together for CIS companies.
I'm behind with my returns. Can you help?
Yes. Bring what you have: deduction statements, bank statements, invoices. We'll work out what's owed or owed back, file the outstanding returns and, with your authorisation, deal with HMRC about penalties. Filing sooner limits the further penalties.
Do you do the contractor side too?
If your construction business pays subcontractors for work covered by CIS, you'll normally need to register as a contractor, with verification checks, deductions and a monthly return to file by the 19th. We can check whether CIS applies to you and run it alongside your payroll and bookkeeping.
GOV.UK: what you must do as a CIS contractor
Working under CIS and want it sorted?
Tell us whether you're a sole trader or a company, and roughly what's been deducted. We'll explain where you stand and agree a fixed fee.
