Administration of the Construction Industry Scheme (CIS) requires a considerable amount of extra work, along with the risk of exposure to severe penalties for non-compliance. Delegate this responsibility to a business partner such, that you can rest assured that you will benefit from an all-encompassing and fully compliant solution.
Our service includes:
– Registration with HMRC as a contractor
– Registration and verification of sub-contractors
– Calculation of deductions
– Preparation of payment statements
– Preparation and submission of monthly returns
If your company surpasses the VAT threshold, currently set at £85,000, VAT registration becomes mandatory. At Keswick Accountancy, we handle the entire process for you. We not only register your company with HMRC but also take charge of the preparation and submission of your quarterly VAT returns on an ongoing basis. This ensures you’re always in the know about your VAT liabilities, and you can trust that the VAT-man is content.
Our approach to filing VAT returns is thorough and meticulous:
Setting Up Reminders: We create recurring quarterly tasks in our job management system, eliminating the risk of missing deadlines and enabling us to start working on your VAT return immediately after the quarter ends.
Transaction Checks: We review all transactions for the period, ensuring correct purchase VAT claims and preventing improper claims.
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When we decided to set up Luminx Digital Services as a limited company, we weren’t sure how to go about it, so we asked Sam from Keswick Accountancy for help. Sam really knew his stuff and made setting up the company with HMRC and Companies House a breeze. He also gave us some great tips on saving taxes and handling our finances.
Sam from Keswick Accountancy has been amazing helping our web design business get off the ground, register for VAT and look after our accounts.