Self Employment & CIS

Accountancy Service: Self Employment & CIS

If you’re self-employed, let Stephenson Smart save you time by helping with your tax returns.

We can offer a complete solution meeting all filing deadlines with HM Revenue & Customs, while minimising taxation at every possibility.

Our self-employment tax experts can advise on the benefits and pitfalls of various business structures such as sole trade, partnerships, limited liability partnerships or Companies and offer a tailored solution to meet your needs.

We can assist you in every aspect of managing your self-employed business from bookkeeping, automatic enrolment for pensions, real time information filing for payroll, advice on growing your business and completion and submission of self-assessment and partnership tax returns on an individual basis.

We understand that each client and business is different and will work with you to ensure your business achieves its full potential. We have knowledge and experience of working with self-employed individuals in many sectors and in particular we could offer the following services:

  • Complete tax returns
  • Calculate any tax liability
  • Advise on CIS tax returns
  • Advise you on exactly when to make payments and how much to pay

CIS Tax Returns

The current Construction Industry Scheme (CIS) was introduced to handle the taxes of self-employed contractors within the construction industry. It covers any work carried out within the UK and includes work such as bricklaying, plastering, decorating, and extensions.

If you’ve registered for CIS, your taxation rate will be 20%. If you haven’t registered, it rises 30%. To ensure you’re paying the correct amount of tax, you must complete and submit a CIS tax return. CIS is a complex area and as a result many contractors have overpaid their CIS tax returns in recent years and are due tax rebates. If you think you may be one of them, call us today to speak to one of our advisers.

If you’re self-employed, let Stephenson Smart save you time by helping with your tax returns.

We can offer a complete solution meeting all filing deadlines with HM Revenue & Customs, while minimising taxation at every possibility.

Our self-employment tax experts can advise on the benefits and pitfalls of various business structures such as sole trade, partnerships, limited liability partnerships or Companies and offer a tailored solution to meet your needs.

We can assist you in every aspect of managing your self-employed business from bookkeeping, automatic enrolment for pensions, real time information filing for payroll, advice on growing your business and completion and submission of self-assessment and partnership tax returns on an individual basis.

We understand that each client and business is different and will work with you to ensure your business achieves its full potential. We have knowledge and experience of working with self-employed individuals in many sectors and in particular we could offer the following services:

  • Complete tax returns
  • Calculate any tax liability
  • Advise on CIS tax returns
  • Advise you on exactly when to make payments and how much to pay

CIS Tax Returns

The current Construction Industry Scheme (CIS) was introduced to handle the taxes of self-employed contractors within the construction industry. It covers any work carried out within the UK and includes work such as bricklaying, plastering, decorating, and extensions.

If you’ve registered for CIS, your taxation rate will be 20%. If you haven’t registered, it rises 30%. To ensure you’re paying the correct amount of tax, you must complete and submit a CIS tax return. CIS is a complex area and as a result many contractors have overpaid their CIS tax returns in recent years and are due tax rebates. If you think you may be one of them, call us today to speak to one of our advisers.

Self Employment & CIS

Our Offices

King's Lynn

22-26 King Street, King’s Lynn,
Norfolk, PE30 1HJ

T:   01553 774104

F:   01553 692602

E:   enquiries@stephenson-smart.com

Fakenham

10 Oak Street, Fakenham,
Norfolk, NR21 9DY

T:   01328 863318

F:   01328 855732

E:   fakenham@stephenson-smart.com

Wisbech

2 The Crescent, Wisbech,
Cambridgeshire, PE13 1EH

T:   01945 463383

F:   01945 475968

E:   wisbech@stephenson-smart.com

Great Yarmouth

East Coast House, Galahad Road, Beacon Park,
Gorleston, Great Yarmouth, Norfolk, NR31 7RU

T:   01493 382500

F:   01493 651172

E:   greatyarmouth@stephenson-smart.com

Downham Market

1st Floor, 9 Market Place,
Downham Market, Norfolk, PE38 9DG

T:   01366 384121

F:   01366 858083

E:   downhammarket@stephenson-smart.com

March

23 Dartford Road, March,
Cambridgeshire, PE15 8AN

T:   01354 653026

F:   01354 650337

E:   march@stephenson-smart.com

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