CONSTRUCTION

Building your Business Brick by Brick.

Contractor or Subcontractor, GOW and Partners are here to support you in reaching your full potential.

Tools of the trade.

Working with hundreds of construction businesses all over Lancashire, both big and small, we know the financial underpinnings of the trade like the back of our hand. This leaves us fully-equipped to deal with your spectrum of needs efficiently.

Construction-related VAT experts.

Monthly VAT submissions.

Designated Accounts Manager (DAM).

Construction Accounting.

From the moment you sign up with GOW and Partners, your Designated Accounts Manager (DAM) will work hard to build (excuse the pun) a deep understanding of the intricacies attached to your business and its functioning, so that they can provide you with tailored services and advice.

Construction Industry Scheme (CIS)

The Construction Industry Scheme (CIS) details HMRC’s tax policy for subcontractors working within the construction industry. It also outlines how payments must be handled by contractors.

Deduct

In line with the CIS, contractors are required to deduct money from a subcontractor’s payments and send them to HMRC.

Hassle

This can often be a hassle for contractors to undertake solo, especially when coupled with the responsibilities attached to running a business full-time.

Gain

Whether you are a contractor, or a subcontractor, GOW and Partners can attend to all your CIS related needs. Free up your valuable time and and gain clarity of mind.

Support

We also update our construction clients whenever any changes are made to CIS regulations, offering insight and support regarding how it will affect them.

Contractors.

Under the CIS, contractors are required to register with HMRC, check whether their subcontractors are registered with HMRC, pay subcontractors, deduct tax and submit monthly statements confirming that these payments have been made.

Contractors Specific Services:

Verify your subcontractors with HMRC.

Ensure that you are paying your subcontractors correctly as per the terms of the CIS.

Manage CIS deduction statements.

Bespoke cloud accounting packages.

Tailored plans for optimal tax-efficiency (upon request).

Provide deadline reminders.

Bespoke cloud accounting packages.

Tailored plans for optimal tax-efficiency (upon request).

Provide deadline reminders.

Sub-Contractors.

Under the CIS, Sub-contractors must register with HMRC. They are also required to keep HMRC up to date with any changes to their business, including change in address, business name, business partners or any other relevant intel.

Sub-contractors Specific Services:

Determine your status (i.e. subcontractor employee, or both) and register you with HMRC appropriately.

Verify you with HMRC on behalf of your contractor.

Manage and organise your business records.

Prepare your end of year self-assessment tax return and calculate your tax liability/ refund.

Bespoke cloud accounting packages to streamline your finance function.

Prepare your end of year self-assessment tax return and calculate your tax liability/ refund.

Bespoke cloud accounting packages to streamline your finance function.

What our clients say...

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Building your Business Brick by Brick.

Tools of the trade.

Construction Accounting.