Sub Contractor

Already a contractor? 
Thinking about contracting? 
Being pushed in this direction?

 

 
CIS applies to most contractors in the construction industry.  If you are a contractor you will need to deduct CIS Tax from your subcontractors and submit CIS returns monthly to HMRC.  If you are a subcontractor you will need to complete a tax return and claim your refund (if applicable).

We offer our accounting services to both contractors and subcontractors. As a subcontractor you are, in effect, your own boss – something that can be very satisfying and extremely enjoyable.

  • Average contractor rates can easily be double that of a full time employee.
  • You have the freedom to work when you choose, where you choose and for however long you like.
  • The company you work for is not your employer but your ‘client’ – which puts a whole different spin on things!

But there are some downsides:
  • You’re responsible for finding your own work and making sure the money comes in.
  • You don’t get sick pay, holiday pay or ‘perks’ of being employed.
  • You are responsible for managing your own finances eg Tax, VAT and NI.

At Bowes Brooks we offer a fully inclusive service that covers all your statutory requirements for a fixed monthly fee – you just get on with your work.  Ideal for those that want someone ‘to just do it for them’

And don’t worry if your paperwork is in a mess, you’ve missed deadlines or you’re facing an investigation – WE’VE SEEN IT ALL BEFORE!

Call us for straight talking, pro active help and advice at a reasonable cost

Whats included:

  • Full set of year end accounts
  • Submission of tax return
  • Overseeing your CIS repayment
  • Regular monitoring to ensure tax efficiency
  • Representation in the event of an HMRC investigation

From £19.50 per month

Our Promise

Fixed Fees, unlimited phone calls, unlimited meetings and fee protection as standard. Initial meeting and advice always free.

We speak plain English – we appreciate that you probably don’t have a background in accounting or tax and we’ll explain things in a clear and concise manner to help you understand your business.

From experience clients that understand their accounts and tax calculations make better and more informed decisions day to day.  This can mean the difference between success and failure and why we place such importance on providing accessible advice and information.  We will also provide regular monitoring to ensure tax efficiency.

Help & Advice

Articles from our blog written by Jessica Brooks

What’s an Accountant for?

What’s an Accountant for?

Why does anyone need an accountant?  

How do they help me?  

What do they do anyway?

Here’s my answers to those questions:

Keeping you Legal.  We help you do your financial administration so you file everything you need to, on time, every time.

Saving Tax.  We help you save tax by making sure you do things in a way that incurs as little tax as possible.

Understanding your taxes.  Helping you understand how you are taxed, so you can plan for it.

Knowing your numbers.  Helping you understand your business by interpreting the numbers for you, so you can make decisions based on fact not just intuition.

Making you rich.  Helping you put a plan together so you can get your personal finances in order and meet your financial goals.

Budgeting and forecasting.  Planning for the future, so you can arrange your finances effectively.

Support.  Your accountant is probably one of the few people you can talk to with complete honesty about your business.  He knows the facts, so there is no need to show off or for false modesty.  

If you need any help with these, you know where we are.

Jess Brooks

Who are your best customers?

The Pareto principle or the 80–20 rule says that, for many events, roughly 80% of the effects come from 20% of the causes.  So how might this affect you in your business?  I’d suggest that it can be profound.  If you can identify which of your clients or customers are: 

  • The 20% who produce 80% of your profits.
  • The 20% who produce 80% of your complaints and hassle. 
  • The 20% of your products that produce 80% of your profit.
  • The 20% of your sales staff that produce 80% of the sales. 
  • The 20% of your marketing that produces 80% of the results.


Then you can make decisions that will drive your profits to super success.  Of course it can be hard work analysing who are the
best and worst customers, staff or suppliers. Having identified them you can exit the troublesome ones and get to work replicating your best areas.  

The clock is ticking... just 25 days to submit your tax return.

As the adverts say ‘tax doesn’t have to be taxing’. 

In fact if your affairs aren’t that complex it could take as little as 30 minutes to complete the online form BUT you need to be registered for online filing AND you need to have all the necessary paperwork in front of you. 

And deciding which information you need is one of the parts our clients have most difficulty with. 

We are always happy to answer quick questions, even if you're not a client. So if you're feeling stressed then pick up the phone.