Specialist CIS Accountants
London and Surrey
Martax Accountants is an independent firm of Chartered Certified Accountants who specialise in providing CIS accounting and tax services to sole traders and limited companies working in the Construction Industry Scheme. Whether you are working as a CIS contractor or a subcontractor, our specialist team of CIS accountants can help you meet all the filings requirements and to ensure that you maximise your tax savings.
We are specialist CIS accountants based in New Malden serving clients in London and Surrey. We provide CIS accountancy and tax return services for a fixed fee and there are no hidden charges.
If you are working in the construction industry whether as self employed or through a limited company, you will have certain responsibilities towards HM Revenue and Customs (HMRC) and that is where Martax Accountants can help you to fulfill all your obligations. We provide our CIS tax returns and accounting services in New Malden, Kingston Upon Thames, Wimbledon, Cobham, Weybridge and all the surrounding boroughs in London and Surrey.
Why choose Martax Accountants?
Accountants for CIS Limited Companies
Under the* Construction Industry Scheme, if you are a contractor you will need to deduct CIS tax from your subcontractors and submit CIS returns to HMRC. CIS contractors must be registered with HMRC for the scheme. CIS subcontractors don’t have to register, but there will be higher deduction of tax if they are not registered.
If you are a contractor within the construction industry then you will have to submit monthly CIS returns before the 19th of each month. A CIS return lets HMRC know that how much CIS tax you have deducted from your subcontractors and therefore how much you owe to them. We are specialist CIS contractor accountants who can help you prepare and submit your monthly CIS returns ensuring that you are compliant with HMRC and provide your CIS subcontractors their CIS vouchers and deduction statements throughout the year.
If you would like to work in the construction industry through a limited company, the first step would be to register a limited company with Companies House. As a director of the company you will have certain responsibilities which you will be required to fulfill throughout the year. As compared to CIS sole traders, CIS limited companies have more filing requirements such as:
At Martax we have a team of specialist CIS limited company accountants who can help you with the following:
Our accountancy fees for CIS Limited Companies
Our monthly fees for a CIS Limited Company starts from £125 + VAT. Additionally, there will a fixed fee of £5 per statement per sub contractor and the same fee of £5+VAT per employee per payslip would apply if you have any employees in the company.
No hassle at all, we will take care of everything. We can transfer your accounts from your current accountant without any additional cost.