Construction Industry

At Quiff Accountancy we are experts in the Construction Industry and, particularly, the requirements of the Construction Industry Scheme ('CIS').

Compliance with CIS legislation can be ominous and the penalties for non-compliance significant.  Below are some of the services we can offer:

• Help with registering your business as a contractor or subcontractor with HMRC
• Verifying new subcontractors and informing you of the correct tax deduction rate
• Checking all CIS tax deductions including qualifying materials
• Completing payment and deduction statements to provide to your subcontractors
• Submitting your monthly CIS return to HMRC
• Help to ensure your CIS return is filed correctly and on-time each month to avoid any penalties
• Advising on gross payment status and registering for gross payment status with HMRC
• Reconciling all CIS deductions with your sales invoices/applications for payment
• Calculating tax refunds to ensure this is processed correctly
• Chase up tax repayments with HMRC

For some clients we act as the Finance Director, not only taking responsibility for CIS but also all financial aspects of the business including cash management.

From small contruction businesses taking their first steps to those with more complex needs, we will ensure your accounts, payroll, and subcontractor relationships stay healthy through sound financial practices and planning.