GNS has years of experience in dealing with complex cases relating to contractor accounting and particularly in construction industries. We come across a number of complex cases for our client and deal them to the satisfaction of clients.
You as a self employed or a limited company are covered by CIS if your core business is construction related or even if your core business is not related to construction but you spend over a million pound in construction in any accounting year. Construction can be building structures, refurbishment and decoration etc.
Our CIS services provide you with the tax efficient advice with proper planning from the start of your business.
CIS is a system designed by HMRC whereby the principal contractor has to hold tax while paying to his subcontractors.
Mostly, CIS is applicable to construction companies but as mentioned above, CIS also applies to other business who spend significant amount in construction even if their core business is different.