Accountants in Kent

CIS Services

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

VAT Returns Made Simple

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.

Cashflow Optimisation: We evaluate your VAT scheme to maximise cash flow, whether it’s Cash or Accruals. We also monitor the threshold that obliges you to switch to accruals, managing this process on your behalf.

Timely Notifications: As soon as the VAT return is complete, usually within 10 days of receiving the necessary information, we promptly notify you of the amount due.

Punctual Submission: We file your VAT return on time, every time, ensuring compliance with HMRC regulations.

HMRC Liaison: In the event of queries, enquiries, or investigations from HMRC, we handle all communications, allowing you to focus on your core business activities without the hassle of tax matters.

With Keswick Accountancy, VAT returns become a seamless, worry-free part of your business operations.