I Sumar & Co - CIS

CIS Accountants For Your Business

The Construction Industry Scheme (CIS) encompasses various construction activities related to buildings, such as site preparation, decoration, and refurbishment.

If your business operates in the construction sector and you engage subcontractors for construction work, you fall under the category of a ‘mainstream’ contractor.

As a mainstream contractor, you play a crucial role in managing and overseeing construction projects.

This applies if you are a:

Builder
Labour agency
Property developer

As a builder, labour agency, or property developer, you fall under the scope of the Construction Industry Scheme (CIS). This system requires employers to deduct amounts from subcontractors’ payments for construction work and remit those deductions to HMRC.

Our well-trained staff can assist you with various matters related to payroll and compliance:

Payroll Processing: We handle payroll on a weekly, fortnightly, or monthly basis, ensuring accurate calculations and timely payments.
Contractor Queries: Our team promptly responds to any contractor inquiries regarding wages and deductions.
Contractor Record Updates: We maintain accurate contractor records, including address changes, contact details, and other relevant information within the payroll software.
Starters and Leavers Checklists: We manage essential paperwork for new contractors and those leaving the company.
CIS Tax Rate Updates: Regularly updating CIS tax rates for your contractors.
Electronic Payslips: We can send electronic payslips directly to you or distribute them to each contractor.
Real-Time Information (RTI) Submission: We handle RTI submissions to HMRC, ensuring compliance with reporting obligations.
PAYE Advice: Our experts provide guidance on PAYE liability, payment methods, and deadlines.
CIS Return Submission: We assist with submitting CIS returns to HMRC.