Tax Savings
Through our professional partner network, we help ensure you’re not paying more tax than necessary, with deductions and reliefs reviewed by qualified specialists.
BusinessContractor Accounting Support
Word Consulting Ltd supports contractors by connecting them with qualified, registered accounting professionals, while providing structure, oversight, and a smooth end-to-end experience.
Comprehensive business support, all in one place
Through Word Consulting Ltd, you benefit from coordinated, end-to-end business support, including:
Access to qualified accounting professionals through our trusted partner network
Support with business setup and structuring, coordinated through specialist partners
Greater confidence in your finances through clear processes and oversight
Help navigating wider business needs beyond day-to-day compliance
Coordination of CIS registration with HMRC, where required
Oversight to ensure returns are prepared and submitted on time by registered professionals, helping avoid penalties
Clear guidance on HMRC payment requirements, based on information provided by professional partners
Coordination of deduction statements for subcontractors, prepared by qualified specialists
Specialist Contractor Support
What is the Construction Industry Scheme (CIS)?
The Construction Industry Scheme (CIS) is a tax deduction scheme affecting self-employed workers and contractors operating in the construction sector. The scheme aims to reduce tax evasion in the industry and allows subcontractors’ tax liabilities to be collected gradually across the financial year.
Do I have to register with the Construction Industry Scheme?
Both contractors and subcontractors can be affected by CIS, each with different responsibilities. Contractors are required to register for CIS. Subcontractors are not required to register, but if they don’t, deductions may still be applied to their payments at a higher rate.
What is the difference between PAYE and CIS?
CIS does not apply to employees. Payments to employees are taxed through the Pay As You Earn (PAYE) system, where tax and National Insurance are deducted at source. CIS applies specifically to payments made to subcontractors in the construction industry.
What counts as work covered by the Construction Industry Scheme?
CIS generally applies to construction work involving permanent or temporary buildings and structures, as well as civil engineering projects such as roads, bridges, and similar infrastructure works.
Unlimited IR35 Status reviews
Contract status under IR35 can be complex and fact-specific. Word Consulting Ltd coordinates IR35 status reviews through qualified tax and employment status specialists, helping contractors understand how their contracts may be assessed and what steps to consider next.