Construction Industry Scheme (CIS)

The Construction Industry Scheme (CIS) sets out the special tax rules for subcontractors who work in the construction industry and how payments must be handled by contractors.

  • Services we provide for contractors:
  • Register you with HMRC as a contractor
  • Verify your subcontractors with HMRC
  • Ensure you pay your subcontractors correctly within the scheme
  • Supply deduction statements to the subcontractors
  • Keep your records in good order and supply HMRC with monthly returns

Make sure you do not incur penalties by failing to submit your monthly returns to HMRC. Hmm Accountants work with numerous contractors and are equipped to deal with your needs efficiently. By making sure we are always up to date with any changes to the CIS regulations we can notify our clients quickly of any changes that may affect them.

Contractors

Contractors are busy people and we understand their special needs! No matterwhether you are just starting out contracting or an experienced contractor, you will look after you. We can provide:

  • Full Limited Company set up
  • Straightforward Accounting & Bookkeeping Services
  • Expert Support & Guidance on all Areas of Company Tax, & Specialist Advice on IR35
  • Efficient Management of your Tax Liabilities in Real Time
  • Deal with the Taxman on your Behalf, & Takecare of all your HMRC & Companies House Correspondence & Submissions.
  • Monthly Payroll
  • Corporation & Personal Tax Returns


Market Traders & Retailers

Our accountancy services for market traders and small retailers are tailored to suit your specific business needs.

Whether you are already trading or considering starting a business as a market trader or retailer we can helpyou with our accountancy services and tax advice:

  • Setting up as a Market Trader or Retailers
  • Registering your Business name and Business Bank Account
  • Registering with HMRC as Self-employed & for National Insurance and Taxes
  • Maintaining your Books of Accounts
  • Completing your Personal Tax and VAT Returns
  • Paying your Self-assessment Tax, and class 4 National Insurance Contribution
  • Mortgages and Insurances for Market Traders& Retailers
  • Sole Trader Insurances and more


Schools

Establishing and running a successful school is an enormous challenge. Excellence must be the standard and there is little margin for anything less. There are of course many 'educational' and 'operational' demands that must be met without fail, but the business and financial aspects are no less important.

We understand the needs of schools both within the private and the state funded sectors and support on:

  • Annual Financial & Management Accounts
  • Payrolls
  • Taxation – Planning & Compliance
  • Business Start-up, Planning & Advice
  • Raising of Capital & Finance
  • Cash Flow Forecasting & Monitoring
  • Capital Expenditure Planning
  • Ad Hoc Business & Management Assistance




Healthcare

We understand the specialist requirements of healthcare professionals – General Practitioners, Specialists, Doctors, Nurses and are able to provide the advice and support needed for both business and personal financial matters.

Our specially developed range of services will provide you with information and support on:

  • Accounting Records
  • Annual Financial & Management Accounts
  • Budget & Cash Flow Forecasts
  • Payrolls
  • Taxation – Self Assessment/Tax Planning
  • Taxation for Individuals, Partnerships & Limited Companies
  • Business Advice Including Partnership Changes
  • Capital Expenditure Projects

We can advise in all financial areas of your healthcare practice giving excellent service and reliable, timely advice that will enable you to focus on achieving your long term goals.



Solicitors

Our expert understanding of the challenges faced by Solicitors in current economic and regulatory environment puts us in a strong position to provide with specially tailored services, including:

  • Preparation & Analysis of Quarterly Accounts
  • Payrolls
  • Preparing Accountant’s Reports to the Solicitors Regulation Authority
  • Business Planning & Cash Flow Forecasting
  • Assistance with Funding for Work in Progress & Tax
  • Taxation – Planning & Compliance


Business Start-ups

Our commitment is to help new businesses to get of the ground. We have provided guidance and support to many small and medium-sized businesses to start up and develop.

We can support you in:

  • Practical Evaluation of your Business Idea,
  • Advice Regarding the most Suitable Trading Vehicle for your Business.
  • Business Plans, Cash-flow Projections, Budgets, & Trading Forecasts
  • Banking & Financial Arrangements
  • Company Statutory Issues
  • Notifying HM Revenue & Customs & Dealing with them as Required
  • Dealing with Company Secretarial Issues
  • Setting up the Right Bookkeeping & Recording Systems for your Business.

Once we have all of this in place, we can then assist you in reviewing the performance of the company with monthly and quarterly management accounts to ensure that that opportunities are maximised and risks are optimised.



Please contact us to learn how we can assist you.