Construction Industry Scheme - CIS
We have the experience to address the complexities of the construction industry, including the Construction Industry Scheme (CIS) deduction process from sub-contractors.
We work with contractors to ensure the right monthly deductions are made from sub-contractors’ earnings and paid over to the HMRC within the deadline to avoid penalties, which could be severe. We also work with sub-contractors in their annual returns to the HMRC, ensuring all applicable expenses are included for possible refund.
We recognise that knowing the costs of your materials, subcontractors, labour and overhead is critical to the success of your business. By providing specialised accounting, consulting and taxation services to meet the unique needs of the construction industry, we can help you get control of your money and help make your business more profitable.
Our specialised services for the construction sector include:
- Construction tax planning and analysis
- Construction Industry Scheme (CIS) processing
- Operational reviews and assessments
- Benchmarking analysis
- Strategic planning
- Overhead rates and allocations
- Review and compilation of financial statements
- Cash flow analysis
- Accounting software
- Construction software
- Succession planning
- Payroll
- VAT
- Internal controls and reporting
- Job estimating and costing
Valiant Waters will help you manage your financial information so you can focus on effective operation of your business. We will work with you to provide financial reporting that will help you make more informed decisions, help you control job costing and increase your profitability.