Benefits of Choosing Lipson & Co for Builders
One of sectors we specialise in is building and we are up to date with the taxation policies. We have dealt with many complex issues connected with the building trade including , carpenters, plumbers, bricklayers and electricians.
With years of experience in the construction sector, we can support and guide you with unique solutions that are efficient. Lipson & Co will ensure your tax affairs and specified regulations are handled in a timely manner.
Advice and Planning
Builders usually work on a tight budget and don’t want to pay more tax than they have to. We also understand the construction industry is very unique and therefore has very specific accounting and financial requirements, and the UK government plans to introduce a variety of changes which includes the forthcoming VAT domestic reverse charge (postponed until 2021), and new processes for submitting tax returns (via Making Tax Digital), on top of requirements for processing payments in the Construction Industry Scheme (CIS).
The construction sector is having to think fast during these challenging times which is having a real impact on the ability to plan and carry out building projects, so managing cash flow, careful financial planning and remaining efficient is absolutely vital.
How we have helped the Construction Sector
What is the construction industry scheme (CIS)?
If you are a company or self-employed individual working as a contractor within the construction industry, then you are obliged to register for the scheme and to make the appropriate payments to HMRC. If you are a subcontractor you do not have to register, but deductions are taken from your payments at a higher rate if you haven’t.
CIS can be a complex matter, resulting in penalties if not complied with correctly. However Lipson & Co will ensure you are registered and offer advice and full support for your CIS scheme needs.
With our expertise in the construction sector we can help provide you with the information you need to solve problems and make the right business decisions to boost profitability, and when times get tough, we will be right there with you to help review and make suggestions to streamline or reduce costs.
Benefits for choosing Lipson and Co
Our aim at Lipson & Co is to save you time and money and take the stress away whilst you concentrate on what you do best. We work with all the up-to-date software in place to help you and your business grow and succeed,
We also specialise in other areas where you will need additional services that are; bookkeeping, payroll maintenance as well as vat return, which require professional and specialist advice. We provide the full service from registration, preparation to submission for self assessments and tax returns.
Please contact us : 01708 300410
