Imperial Advisory

Riveting and productive advisors with great administration will overcome your Economical Issues

IR35 & CIS Scheme

  • The CIS tax system affects most of the businesses and self-employed workers in the construction industry.
  • It is a complex piece of tax law, which generally requires contractors to withhold tax from their subcontractors at the point of payment.
  • Contractors are required to report these deductions every payroll month through the online CIS reporting system and pay the correct amounts to HMRC.
  • They are also legally bound to provide a certificate to subcontractors showing the amounts earned and tax deducted.
  • Subcontractors are required to have a registered business or to be self-employed, and to submit a tax return each year.
  • They report their total income, are allowed certain business tax allowances, and can offset the CIS tax deducted against their tax liability.
  • We specialize in CIS tax matters.
  • We help contractors by ensuring them about their CIS deduction.
  • We ensure contracts that their reporting system is up to scratch, generally incorporating this process with the bookkeeping system.
  • We work with subcontractors to ensure they maximize their legal tax deductions and maximize any tax refund.
  • Because CIS tax deductions from company income affects cash flow.
  • We help our clients minimize the impact through planning and applying for lower CIS tax rates.
  • Great book keeping systems are an essential to making CIS a simpler and less stressful process, so get in touch with our staff to find out how we can help you.
  • If you are providing your personal services through a limited liability company then this will affect you.
  • Tax law is evolving and it is more necessary now than ever before to understand your position regarding IR35.
  • We specialize in working with professional contractors and understand the complex rules in this area.
  • Our service includes a contract compliance review by a respected law firm specializing in IR35. This will enable you to structure your contract correctly and to start working knowing the likely tax impact.
  • We support our contractor clients with full bookkeeping, accounting, company and personal tax services, VAT and payroll.
  • Get in touch with us today for IR35 and CIS tax and accounting services for your business.
  • We also help you with business development services for your company.