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What we do?

At PHS, we simplify your accounting with our dedicated CIS service for the construction industry. Our expert team is here to help you understand tax deductions and ensure compliance with HMRC regulations. By choosing PHS, you benefit from reduced tax rates, allowing you to keep more of your earnings. We handle everything from registration to ongoing record-keeping, making your financial tasks effortless. With our support, you can avoid penalties and increase your chances of getting tax refunds. Trust us to take care of your CIS needs, so you can focus on what you do best growing your business without worry.

Why use CIS services

Expert support

Our expert team is always ready to assist you, providing guidance on HMRC regulations and helping you understand construction accounting.

Cost-effective strategies

Our services are designed to provide maximum value without breaking the bank, helping you achieve your goals while staying within budget.

Simplified tax management

With our CIS services, managing your tax deductions is simple. We help you understand what you need to do, so you can avoid any confusion or stress.

Customised solutions

We understand that every business is different. Our services are tailored to fit your specific requirements, improving efficiency, and effectiveness.

CIS services

Registration support

We provide step-by-step assistance with your CIS registration. Our team ensures you complete the necessary forms accurately and submit them on time. We’ll guide you through the requirements, helping you understand what information is needed. Whether you’re a contractor or subcontractor, we make the registration process simple, so you can start working without delays. With our support, you’ll be fully compliant with HMRC regulations from the very beginning.

Tax management

Our tax management service takes the hassle out of handling deductions under the CIS. We carefully calculate the correct amounts to deduct from payments, ensuring compliance with HMRC guidelines. Our team keeps up-to-date with any changes in tax laws, so you don’t have to worry about missing important updates. By managing your tax obligations efficiently, we help you avoid costly mistakes and ensure that your finances are always in order.

Accurate reporting

We specialise in preparing and submitting accurate CIS reports to HMRC on your behalf. Our experienced team ensures that all necessary information is included and submitted on time, reducing the risk of penalties or fines. We keep detailed records of your transactions, making it easy to track your income and deductions. With our reporting service, you can focus on your projects while we handle the paperwork, providing comfort and confidence in your compliance.

Ongoing guidance

Our commitment to your success doesn’t end with registration or reporting. We offer ongoing guidance to answer any questions you have about CIS regulations or processes. Whether you need clarification on tax deductions or advice on best practices, our knowledgeable team is here to help. We provide regular updates on changes in legislation that may affect your business, ensuring you stay informed and compliant. With our support, you can handle the challenges of construction accounting with ease.

Reach us today.

If you want to take your accounting work to the next level, then reach us today without wasting time.

Frequently asked questions

CIS stands for the Construction Industry Scheme, a tax deduction system in the UK. It applies to contractors and subcontractors in the construction industry, ensuring income tax is collected at the source. This means that contractors deduct tax from payments made to subcontractors and send it directly to HMRC.

In the UK, CIS refers to the Construction Industry Scheme, which was introduced by HMRC to combat tax evasion in the construction sector. It regulates how tax is deducted from payments made to subcontractors, helping ensure fair tax practices within the industry.

Under CIS, contractors must deduct a percentage of payments made to subcontractors before paying them. If a subcontractor is registered with CIS, 20% is deducted; if not registered, 30% is deducted. The deducted amounts are sent to HMRC as advance payments towards the subcontractor’s tax liabilities.

In business, CIS stands for the Construction Industry Scheme. It outlines how tax should be managed for construction-related work, applying to both contractors who hire subcontractors and self-employed individuals working in construction.

The term "CIS environment" refers to the specific regulatory framework and operational practices surrounding the Construction Industry Scheme. It includes how contractors and subcontractors interact with HMRC regarding tax deductions, reporting requirements, and compliance measures within the construction sector.

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PHS Associates Acc & Co is led by a skilled team with expertise in Accounting, Taxation, Payroll, Business consultancy, and Company secretarial services.

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Company number - 08670151