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

Further changes to how you can pay HMRC

Important Information about Changes to Paying HMRC

HMRC are making some changes to the ways customers can make payments.

The pay at the Post Office service will be withdrawn from 15th December 2017 and from 13th January 2018, HMRC will no longer accept payment by personal credit card. Debit cards and corporate credit cards will continue to be accepted.

There are still many ways to pay including:

• Direct Debit

• Online or telephone banking (including Faster Payments, Bacs and CHAPS)

• Debit/Corporate Credit card online or by telephone.

Just remember to pay your bill by 15th December 2017 if you want to go to the Post Office

and by 13th January 2018 if you want to use a personal credit card

Can I pay my tax bill with a credit card?

For whatever reason some people would like or need to pay their tax liability by credit card.  It can help spread the payments or free up cash that is needed elsewhere in your business.

Up until now you have been able to do so.  However from 13th January 2018 HMRC will no longer be accepting payments from personal credit cards.  Corporate, Business and Commercial credit cards are not affected and you will still be able to make payments by debit card.

What's the reason for this? - You might have heard on the news that there has been a change in EU law regarding merchants passing on the cost of credit card fees to the consumer, from 13th January 2018 they are no longer allowed to.  And it is good news really for all consumers.. but not if you wanted to pay your tax bill by personal credit card...

Within the change in EU law HMRC are also included as 'merchants' so they are not allowed to pass on the credit card charges to the consumer.  Currently HMRC is only allwed to accept credit card payments on the basis that there is 'no cost to the public purse' so this new law will mean that HMRC cannot accept credit card payments from the date the law changes.

So if you are intending to pay your tax bill by credit card you have until 13th January 2018 to do so.  This ultimately means that you cannot leave your self assessment until the last minute.  You will need to do your self assessment in good time so that you know what you owe and can pay what you owe by 13th January 2018. Don't be caught out unexpectedly and wait until 31st January 2018 to make your payment as you will not be able to make it by personal credit card.

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