Accountants for Contractors & Construction

Accountants for contractors

Accounting can be particularly difficult if you're in the construction industry or a contractor. Being paid by lots of different people can complicate matters when it comes to keeping records of your transactions. It's easy to make mistakes or to forget a transaction or two. But even the most insignificant error can be picked up by HMRC.

Want your accounts taken care of so you can better focus on your jobs? MoynanSmith Accountants in Carlisle know the ins and outs of taxation, so you needn't worry. Get in touch today to arrange a FREE 60 minute meeting. Give us a call on 01228 586790 to book one now.

Penalties from HMRC can have a huge negative impact on your business. Any fine is unwanted and an inconvenience, but the larger ones may put you at risk of losing your livelihood. Making sure that you're compliant with all current tax legislation can be a headache. It can eat into valuable time you could spend working. Even if you do manage to work out how to get your tax return away without any repercussions, you could be paying more than you have to.

Construction Industry Scheme

If you're a contractor or run a construction company, you'll also have the Construction Industry Scheme (CIS) to contend with. CIS is a scheme designed by HMRC to cut down on tax evasion within the construction industry. The scheme applies to contractors and subcontractors. If your business is involved in construction, then you may have to register with HMRC under CIS. Even if your business is not strictly construction, CIS may still apply to you. Property developers, local authorities, housing associations and more may have to comply with CIS.

At MoynanSmith Chartered Accountants and Tax Advisers, we provide the best accounting services for contractors and those in the construction industry. We know all there is to know about tax legislation, and keep up to date as it changes. This lets us make sure that you never get in trouble with the taxman, and never have to pay any fines. Find it difficult to keep track of what you're being paid? Not anymore, we'll give you the best accounting software to make bookkeeping easy. You'll also save money by using us, we'll identify opportunities for you to pay less tax. You'll never have to worry about being CIS compliant ever again, we'll take care of that for you.

Want your money in safe hands? Get in touch with MoynanSmith today. We understand that business isn't just 9-5, so you can reach us round the clock.

"Prior to using Moynan Smith we used one of the larger accountancy firms in Carlisle and we much prefer using MoynanSmith as it is a much more personal service and Darren is very approachable and knows every detail about our business."

Caroline Quinn - Woodgrange Developments Ltd, Director

If you'd like to find out how we can help you first-hand, book our FREE 60 minute health check today. Give us a ring on 01228 586790 to get in touch faster.

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