Contractor Accountant - CIS (Construction Industry Scheme)

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Contractor Accountant - CIS

CIS Registration Online

Online Account Filing | CIS Registration Online

Under the Construction Industry Scheme (CIS), contractors deduct money from sub- contractors` payment and pass it to HMRC. In other words, CIS registered contractors are to make a pre-payment on behalf of sub-contractors to be reclaimed at the end of a tax year. Contractors have to register for CIS with HMRC, whereas it is equally crucial for sub-contractors to register the same as to claim the deduction back. The benefit of registered CIS with HMRC is to become eligible for a lower CIS deduction of 20% instead of 30% applicable for non-registered sub-contractors. Our experts are here to help you out with your online CIS registration. (contact us)


DO I need to register with CIS?

If you think you are one of the followings, CIS registration applies to you;

  • You`re a contractor, operating business in the construction industry,
  • You`re a business owner that spends average £1 million or more a year over a 3 years period.
  • You`re a sub-contractor, doing business in the construction industry.
  • You`re a sole-trader, working as self-employed
  • Partnership
  • LLP (Limited Liability Partnership)
  • Property developer
  • Labour agency & staff bureau

Register for monthly CIS online

The construction industry scheme (CIS) return needs to be filed on a monthly basis. CIS monthly return is contractors` responsibility that notifies HMRC with monthly returns. As per deduction from sub-contractors, you need to file CIS in a timely manner, which often causes conflicts between HMRC and contractors. We at Online Account Filing take care of regular filings and take the admin burden off your shoulder by assigning you a contractor accountant to assist you.

Running CIS Payroll

Most of the CIS affected businesses are not aware that they have to enroll for HMRC PAYE scheme to claim back the CIS deductions. HMRC`s expectations are strictly high from limited companies in terms of liability for compliance work, such as running your CIS Payroll in a timely manner. Otherwise, you might face high penalties as follows;

  • Failure to submit the monthly return, £100
  • Failure to submit up to 2 months, £200
  • Monthly return outstanding after 3 months, additional £300 or 5% of CIS deductions from the return.
    To avoid such penalties, let us take care off your monthly basis CIS payroll while you keep creating wonders in your business.

With our experts` help, CIS payroll will be one less thing to worry about so that you

Personalised CIS advice based on entity type

Online Account Filing | Personalised CIS advice based on entity type

Whether you are a sole trader or limited company, our team of experts (contractor accountants) is here to give you the best CIS advice, tailored to your business type. As there are several ways of claiming your CIS deduction back, we at online account filing offer you a customised CIS planning service. Any questions regarding your CIS return? Why not drop us a call back request and meet with our friendly team to find out how to claim cis tax back. (contact us)


Online Account Filing | Online verification of Sub-contractors/Register CIS online

Online verification of Sub-contractors/Register CIS online

Contractors who are paying out the sub-contractors must check if the payee is a registered subcontractor or not, as part of HMRC`s making filing digital, you can only verify the subcontractors online. We offer the online verification of subcontractor services where we take in the details from your end complete the verification process on your behalf.

Fully customised quotes over the phone and email .

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