Tax Savings
We make sure you are paying the right tax and identify appropriate tax deductions.
BusinessContractors Accountants
Welcome to WW Consulting. A truly all-inclusive expert accounting service for Contractors.
We really do it all.
- Unlimited advice from a dedicated expert accountant.
- Complete business set-up
- Feel confident about your finances
- Help with your other business interests
- We register you with HMRC for CIS
- We ensure timely submissions to HMRC for returns to avoid penalties
- We provide timely payment details to make to HMRC
- We supply deduction statements to subcontractors
SPECIALIST CONTRACTOR ACCOUNTANT SUPPORT
What is the Construction Industry Scheme (CIS)?
CIS is a tax deduction scheme affecting self-employed workers contracting in the construction sector. The aim of the scheme is to reduce levels of fraud and tax evasion in the industry, as well as to help subcontractors to spread their tax liabilities over the financial year.
Do I have to register with the Construction Industry Scheme?
Both contractors and subcontractors are affected by CIS, with each having different responsibilities. A contractor must register for the scheme. A subcontractor doesn’t have to register, however, in not doing so, deductions are still taken from their payments, but at the higher rate.
What is the difference between PAYE and CIS?
CIS does not apply to payments made to employees, since payments made to employees are covered by the Pay As You Earn (PAYE) system for deducting tax at source.
What counts as work covered by the Construction Industry Scheme?
The CIS covers most construction work that involves a permanent or temporary building or structure, as well as civil engineering work, such as roads and bridges.
Unlimited IR35 Status reviews
We will review all of your contracts for IR35 purposes and provide you with our professional opinion as to its status.