Here at SGW, we have over 50 years of experience working in the Construction Industry, as well as advising and supporting clients within the industry.
This knowledge enables us to advise and support our clients and ensure they are maximising any potential returns.
What we have found over the years is that building and construction firms often struggle because they simply don’t want to or have the time to deal with the financial and administrative burden that comes with running a successful business.
This is where SGW can help.
We can take this burden off of you and you can be assured that your paperwork and business is in safe hands and that you will be guided to maximise profits and reach optimum success.
Few industries are without specific legislation these days and the construction industry is certainly no exception.
And when it comes to managing the financial side of your construction business, you have to be particularly mindful of the provisions of the Construction Industry Scheme (CIS).
CIS can apply to self-employed individuals working as sole-traders, partnerships, companies and limited liability partnerships.
Under the CIS scheme, all payments made from contractors to sub-contractors must take account of the sub-contractor’s tax status as determined by HM Revenue & Customs. This may require the contractor to pay HMRC a deduction from the sub-contractor’s payment.
SGW Accountancy Services Ltd can support all of your CIS compliance. We can ensure your correct registration for the Construction Industry Scheme, as well as check with the HMRC that any sub-contractor you wish to employ is registered using HMRC’s ESI (Employment Status Indicator) tool. We can also manage your monthly returns to the HMRC detailing all of the payments made by you under the scheme or whether no payments have been made.
You can call SGW Accountancy Services Ltd to arrange a free exploratory appointment at our offices. If you'd prefer an office or home-based visit, we would be more than happy to arrange this at a time to suit you.