CIS RETURN SERVICES Bolton, London

When it comes to handling construction payroll and tax affairs, search for CIS accountants near me, and one CIS accounting firm stands out—Legend Financial. We have been dealing with CIS monthly returns on a daily basis, so we know everything the construction work encompasses. From making a payslip to claiming refunds, our CIS service handles them all.

Submitting CIS Returns Made Easier

Premier CIS Accountants in the Industry

Established for over a decade, Legend Financial has been providing tax and accounting solutions to a lot of businesses and self employed individuals from various industries. One of our specialities is CIS. When you search construction accountants near me, you will find our firm with the most positive client reviews. We have been completing HMRC CIS returns efficiently for years, gaining loyal clients over time. Talk to our construction accountant now!

Why Our CIS Online Service in Bolton?

How It Works

Here, Everything Is Quick and Easy

STEP 01

Have a free consultation with one of our tax experts.

STEP 02

We will give you a quote and contract, and we will begin.

STEP 03

Sit back and watch how we make complex tax work look easy.

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CIS Returns Enquiries Answered in Details

FAQs for CIS Returns Services

If you are operating under the Construction Industry Scheme (CIS), you will need to submit CIS return in your first year of trading and subsequent years. Your tax return is typically due at the end of the tax year in April, and any owed tax bill should be paid by the following January.   

When filling out your CIS return, include subcontractor payment receipts, showing who you have paid, the payment amounts, and deduction calculation. This ensures accurate tax payments, and you will use the same information you used for construction contract verification before starting the work. 

The deductions are based on invoices paid up to the 5th of the month and are subsequently remitted to HMRC by the contractor by the 19th of that month. As a sole trader subcontractor, you can credit the tax paid to HMRC and subtract it from any tax or National Insurance contributions owed when you file CIS return. 

VAT and CIS are not the same. When dealing with CIS-registered customers, they will pay you for your services, excluding VAT, and it is their responsibility to remit the VAT to HMRC. This means you do not need to pay VAT to HMRC for invoices issued to CIS-registered customers, as the obligation for VAT payment lies with the CIS-registered customer. 

When you are a sole trader or part of a partnership, deductions suffered serve as payments toward the tax on your profits, whereas if you are a company, these deductions contribute to your company’s expenses. 

Why Us for

WHY CHOOSE LEGEND FINANCIAL

He Help You For Growing

When it comes to tax, accounting, and business development services, we have paid our dues and really know our stuff. We get the job done promptly and efficiently, from accounts preparation to tax returns. Legend Financial takes pride in its cornerstone tax advisors. Only the best gets to work on your tax, accounting, and business affairs. We are all chartered accountants sharing the same mission—to help with your personal finances and your business to succeed.

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