Services

Services

CIS Self
Employment

CIS stands for Construction Industry Scheme which is a set of special rules laid out by the tax office for handling payments made by contractors to subcontractors for construction work.

The Construction Industry Scheme (CIS) applies to contractors, subcontractors and any organisations that have a high annual spend on construction, even if their main work isn’t in the industry. If your firm is involved in construction, it may need to register with HMRC under CIS.

When registering you need to indicate whether you’re a contractor or subcontractor as different rules apply to each category. Within each category, there are separate terms that define your business.

You will be self-employed, and tax will be deducted at a flat rate when you’re paid. You’ll complete a tax return at the end of the tax year to claim any refund you might be due. It’s the best option if you

Are happy with a little more administration
Can evidence that you’re genuinely self employed
We’ll support you through CIS verification and registration and we’ll make sure you’re fully compliant
Accurate invoices raised to your agency.
£5m Public Liability insurance provided so there’s no need to arrange your own cover
Year End self-assessment

CIS Self Employment

Services

Limited Company
Solution

Team of Intalytic Accountants are the obvious choice for contractors, freelancers and small limited company owners, who want to maximise their income with low cost fee.

What Can I Do For You?

Status

Status

Status

Director of your own Company
Contract for your service

Contract for your service

Contract for your service

The agency or end client engages your company to provide services. Your limited company then provides the appropriate personnel.
Fee Margin

Fee/Margin

Fee/Margin

Fee charged for professional services provided to the Limited company Limited company submits an invoice to the agency or a self-billing system.
Expenses

Expenses

Expenses

Reimbursed to individual through your Limited company and treated as a tax-deductible business expense.
Receiving funds

Receiving funds

Receiving funds

Funds are withdrawn from the company by way of a combination of salary and dividends.
Professional Indemnity

Professional Indemnity

Professional Indemnity

Your Limited company would need to arrange this – it is a tax deductible Expense.