Construction IndustryExperienced, effective and simple.

Construction Industry Accounting is a specialised sector. Staff at Strong Tower Accounting (STA), who themselves have years of experience working in the industry in Scotland, have developed systems and processes to help you to remain compliant with the rigorous HMRC requirements whether you are a sub-contractor or main contractor.

CIS Scheme

CIS is a tax deduction scheme which involves tax being deducted at source from payments made to subcontractors in the construction industry. The CIS regime applies to all payments made by a contractor to a sub-contractor under a contract what is not an employment agreement. The rate at which tax will be deducted depends on the registration status of the subcontractor.

We provide services to:

  • Builders & bricklayers
  • Joiners
  • Glaziers
  • Frame Scaffolding


Support we offer our clients includes the following:

  • Verify your sub-contractors
  • Calculate sub-contractor tax deductions
  • Send monthly sub-contractor returns to HMRC electronically
  • Produce monthly sub-contractor statements
  • Prepare weekly, fortnight or monthly payroll for your employees.
  • Produce VAT quarterly on annual returns
  • Produce Annual Statutory Accounts
  • Produce Annual Corporate Tax Computations
  • Annual Self Assessment where applicable


Other services we can offer include:

  • Job costing
  • Materials or labour only sub-contractor analysis
  • Preparing budgets in conjunction with your quantity surveyors
  • Preparing Interim or Final Applications for Payments for each job (taking into account Values Certified, Retentions, Discounts deductions & VAT)


Charges

  • Our fixed standard charges start from £65 + VAT per month or £780 + VAT per year


Interested? Get in touch!