Construction & Property

The team at ASP Accountants have a real understanding of both the residential and commercial property development market and are also expertly positioned to the vertically aligned construction industry.

Typically we deal with:

Construction projects from initiation to development to final appraisals. – so whatever stage you are in your project we can shape our services around your needs and work in conjunction with legal, structural and general commercial services which is invaluable when managing a complex project.
Property management services - typically we work with all commercial and residential property moulding our products to fit the profile of the ownership and management.

This make us best placed to understand all structures of your accounting needs and with a personal and professional touch. What set us apart as a rare breed is our ambition to constantly monitor our service to you and get involved as a key player in your business.

CIS Services

The Construction Industry Scheme (CIS) sets out special rules for tax and national insurance (NI) for those working in the construction industry. Businesses in the construction industry are known as ‘contractors’ and ‘subcontractors’. They may be companies, partnerships or self-employed individuals.

The CIS applies to construction work and also jobs such as alterations, repairs, decorating and demolition.

Contractors include construction companies and building firms and also government departments and local authorities. Any other business spending more than £1 million a year on construction is classed as a contractor for the purposes of the CIS.

Subcontractors are those businesses that carry out work for contractors.

Many businesses act as both contractors and subcontractors

Contractors have to make a monthly return to HMRC:

confirming that the employment status of subcontractors has been considered
confirming that the verification process has been correctly dealt with
detailing payments made to all subcontractors and
detailing any deductions of tax made from those payments

Services we provide for contractors:

Register you with HMRC as a contractor
Verify your subcontractors with HMRC
Ensure you pay your subcontractors correctly within the scheme
Supply deduction statements to the subcontractors
Keep your records in good order and supply HMRC with monthly returns

For example we can look at the way clients handled their contractors, including a number of people operating a self-employed set up. We help them to reassess their relationships with contractors and establish a more diligent and compliant solution, without it becoming a taxation headache.

Our motto is our objective "Achieving Service Perfection"