We advise our clients on the most advantageous course of action. We can give guidance on how to minimise tax exposure in a totally ethical and legal manner. A tax investigation is extremely serious and can disrupt the flow of your business even though it may not have been instigated as a result of any wrongdoing. Incorrect tax returns, where mistakes have been entered onto a tax form can result in an investigation.
MGM Accountants work with specialists in dealing with tax investigation situations. We will react quickly and be pro-active throughout the process, saving our clients’ time, money and inconvenience.
Many people working in the construction industry access our service with regard to CIS rules for accounting for pay and tax. Construction Industry businesses such as builders, developers, plumbers, contractors, electricians, bricklayers, roofers, glaziers, carpenters, and many other trades come within the boundaries of CIS tax. Sometimes this includes landscaping and cleaning. Professional services like Surveyors and Architects are not included.
We organise verification of subcontractors with HMRC, CIS payment certificate and monthly submissions to HMRC. Deducted CIS tax is taken into account when preparing individual tax returns. Preparation of subcontractor company accounts and tax returns is also undertaken.