contractwise @contractwise

If you’re a business operating under CIS, issuing accurate and compliant CIS statements is crucial to ensure you fulfil your obligations. Find out more about CIS Statements in our newest guide. buff.ly/4fRdMid

A key CIS requirement is submitting accurate and timely monthly returns to HMRC. Understanding and fulfilling CIS obligations is important if compliance is to be maintained and penalties are to be avoided. Find out more in our Guide to CIS Returns. buff.ly/4fMVH5d

While it is not mandatory for subcontractors to be registered with CIS, all contractors must be and they will be required to verify the tax status of any subcontractors they use. So how do you verify a subcontractor? buff.ly/40aWqaC

If you earn a living through the construction industry, then you will most likely pay your taxes in a different way. Almost all construction industry tax payments are made through the Construction Industry Scheme. But what is CIS Gross Status? buff.ly/421fQRt

The Construction Industry Scheme, is an essential tax programme that almost everyone who works in the construction industry must be registered and classified correctly, but what is the difference between contractors and subcontractors? buff.ly/3VleZHf

The pressure is on. HMRC is stepping up compliance efforts! Recently, Labour committed to adding 5,000 tax inspectors, and HMRC has now sent out “One to Many” letters to construction contractors. Learn more here #CIScompliance #CISaudit #CISpayroll buff.ly/4fsUZKs

CIS compliance is essential for all construction companies and businesses in order to stay on the right side of HMRC and you'll need to register for CIS. Learn more in this article. #CIScompliance #CISregistration #CIS buff.ly/3YU1NeU

Unite has reported a sharp rise in “Bogus Self-Employment” in the industry. In response, HMRC is now intensifying efforts to reclassify subcontractors as employees. Protect yourself from subbie reclassification today. buff.ly/3ADi9yS

If the worst happens, and a property that is being worked on becomes damaged or an injury occurs on a site, it’s essential that you have the right protections in place to deal with it. Learn more about contractor's all risk insurance in this article. buff.ly/4fbj6NU

The recent inclusion of VAT compliance in the tests for obtaining and maintaining Gross Payment Status, as of April 2024, is a significant change that will impact many subcontractors. Maintain your Gross Payment Status with us. #CISpayroll #CIStax buff.ly/4fyK2XF

CIS registration is simply the process that all contractors need to go through to register themselves with HMRC as part of the Construction Industry Scheme system. To learn more about this read this article. #CISregistration #CIScompliance #CISpayroll buff.ly/4fc075R

In the Autumn Budget 2024 efforts to combat tax avoidance in construction have drastically increased as they look to target and take action against non-compliant companies. Make sure you're not one of them. #CIScompliance #CISpayroll buff.ly/3NPUheD

Contractors in the construction industry are required to deduct tax and National Insurance from a subcontractor’s payment. Make sure you know what's what and learn more about CIS payroll in this article. #constructionindustryscheme #cistax #cispayroll buff.ly/3XTbkTi

If HMRC were to reclassify just one self-employed subcontractor as an employee, with an average weekly pay of £1,000 your liability would surpass £10,00 in a year. Check your liability with our liability calculator. buff.ly/3WbVrpF

Did you know that the UK construction industry was valued at approximately £110 billion in 2020 and is one of the largest sectors in the country; employing 3.1million people. #constructionfacts #constructionindustryscheme #cis

One thing often overlooked by construction companies is ensuring that they are fully compliant with the country’s various taxation legislation (CIS). - learn more in this article. #constructionindustryscheme #cistax buff.ly/3XTbkTi

If you're unsure what the Construction Industry Scheme (CIS) is, how it affects you or the dangers of getting it wrong, then this article is for you. #constructionindustryscheme #cistax #cispayroll buff.ly/4eUx0Va

HMRC are fining contractors and reclassifying subcontractors on a daily basis and you could be next! To find out just how bad it is, calculate your liability today. #constructionindustryscheme #cistax #cispayroll buff.ly/3WbVrpF