SELF-ASSESSMENT TAX RETURN & CIS RECLAIM

Package Details

Rhino Trade Insurance understands the importance of running a successful business alongside the work that you carry out. That is why we have team up with QAccounting as a way of making accounting related tasks such as preparing and filing your personal tax return and making the most of your CIS reclaim as simple and easy as possible.

If you are a Tradesman or CIS Subcontractor due a tax reclaim, QAccounting will complete and submit your tax return on your behalf, ensuring that you are making the most of your allowances and taxation due.

We will prepare your return within 24 hours from receiving the information required to complete it.

 


£30

PER MONTH PLUS VAT

What’s Included?

  • Obtaining HMRC Agent authorisation to deal with HMRC on your behalf
  • Dedicated Access to Accountant
  • Review your previous year self-assessment for income and balances brought forward
  • Process or review income and expenditure transactions
  • Consultation with an Accountant to ensure all allowable costs have been included in the expenditure
  • Direct access to an Accountant to answer any questions and to make the process as simple as possible
  • For CIS workers we check payment and deduction statements by Contractor

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Note that as a client you are required to operate a separate business bank account for your business transactions (QAccounting can assist in the set up of this) and that you use Xero to record and track all business expenses.

What is a CIS Reclaim?

If you work for a contractor in the construction industry as a self-employed individual under the Construction Industry Scheme (CIS) the contractor is required to withhold tax payments made, unlike other self-employed individuals who receive payments gross. For £35 per annum we can also arrange for Tax Enquiry Insurance.

Registered CIS workers receive their payments net of 20% tax. If a subcontractor is unregistered, they will receive their payment net of 30% tax. It is also possible to apply to receive payments gross.

Where tax is deducted under CIS a refund may be due because your personal allowance and deductible trade expenses and because you will normally have personal allowances available.

You may be asked to provide evidence by HMRC that firstly, you actually incurred an expense and secondly, the expense was wholly and exclusively for your business. Penalties for false declarations can be severe.

​JOIN TODAY

Note that as a client you are required to operate a separate business bank account for your business transactions (QAccounting can assist in the set up of this) and that you use Xero to record and track all business expenses.

POWERED BY

qaccounting
xero
metro bank
cashplus

Accounting Software Subscription & Tax Return


Join thousands of tradespeople in using Xero bookkeeping software to log expenses and invoices backed by QAccounting’s accountants and annual self-assessment tax returns.


£40

PER MONTH PLUS VAT

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full accounting

Full Accounting
Service


Benefit from complete accounting from our partners QAccounting. They take care of all bookkeeping and expenses as well as your annual accounts and self-assessment for one fixed monthly fee.


£60

PER MONTH PLUS VAT

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