At Dias & Associates, we provide a comprehensive range of accountancy services tailored specifically for individuals and organisations working under the government’s Construction Industry Scheme (CIS). Our extensive experience includes supporting both CIS contractors and subcontractors, ensuring they meet their legal obligations while maximising their financial efficiency.

Are you covered by the CIS?

The Construction Industry Scheme applies to a wide range of construction-related activities, including site preparation, plastering, roofing, plumbing, electrical work, and general building. If you’re a company or self-employed contractor in the construction industry, you are required by law to register for CIS and make appropriate payments to HMRC. Subcontractors are also strongly encouraged to register, as unregistered subcontractors are subject to higher tax deductions compared to those enrolled in the scheme.

Our CIS Services

Whether you’re a contractor or a subcontractor, your accountancy obligations under CIS differ. We offer specialised services to meet your specific needs.

For CIS Contractors:

– Registering you as a CIS contractor with HMRC.

– Verifying your subcontractors with HMRC.

– Ensuring accurate payments to subcontractors.

– Submitting monthly CIS returns to HMRC.

– Issuing CIS vouchers to subcontractors.

– Applying the 30% tax rate to unverified subcontractors.

– Completing and submitting your monthly CIS300 returns.

– Maintaining your records in perfect order.

– Setting up and operating a PAYE scheme.

For CIS Subcontractors:

Our services for subcontractors vary depending on whether you operate as a limited company or as a sole trader.

For Companies:

– We submit your monthly Payroll EPS (Employment Payment Summary) to HMRC, detailing how much tax your contractors have deducted.

– We handle your CIS reclaim from HMRC, ensuring timely and accurate submissions.

For Sole Traders & Partnerships:

– We provide an all-inclusive accountancy service for a fixed monthly fee, handling everything from preparing your business accounts to managing your tax returns.

– If you’re owed a tax refund, we’ll take care of the entire process, including chasing HMRC on your behalf to secure your refund.

With years of experience in handling CIS for both contractors and subcontractors, Dias & Associates ensures total compliance with HMRC’s requirements, allowing you to focus on your work without worrying about your financial obligations. Whether you’re a contractor or subcontractor, we’re here to keep your CIS matters in perfect order.