WORKING TOGETHER – CONSTRUCTION INDUSTRY SCHEME (CIS)
We work with you to come up with the very best solutions for your challenges!
Sub-Contractors
If you are self-employed, we will register you as a sub-contractor under the CIS scheme and they will set you up to receive payments ‘under deduction’. This means contractors must make a deduction of tax at 20% (30% for unverified subcontractors) from the labour element of your invoices and pay it over to HMRC.
Contractors
We keep your records in good order and supply HMRC with monthly returns to ensure you do not incur costly penalties.
Services we offer
– Verify you with HMRC on behalf of your contractor
– Manage and organise your business records
– Prepare your end of year self-assessment tax return
– calculate your tax liability/refund where applicable
Services we offer
– Registering you with HMRC
– Checking if your subcontractors are registered with HMRC
– Paying subcontractors
– Deducting tax
– Submitting monthly statements confirming payments
– CIS returns
WORKING TOGETHER- LANDLORDS
We can offer services for both companies and individuals who rent out property!
Individuals
If you rent out property you will pay income tax on the difference between the rents you have charged in a tax year, less any allowable expenses and charges.
Services we offer
– Ensure you are claiming all the expenses and reliefs that you are entitled to
Companies
As a company renting out commercial property, which would normally be exempt from VAT choosing the option to tax can be quite daunting but beneficial.
Services we offer
– Partial exemption VAT calculations
WORKING TOGETHER – BUSINESS START-UPS
We will guide you through each step!
Start-ups
At E P Accountancy Services we can help people who are about to start in business, or those with new businesses. We can guide you to take the most beneficial path whether that’s being a limited company or a sole trader.
Services we offer
– Register with companies house for limited companys
– Set up bank accounts
– Register with HMRC
– VAT registration
– Set up as new employer
– Set up important schedules so no deadlines are missed