23/07/2026
Imagine this... 👀
A construction company changes accountants after being told they need to pay £18,000 in Corporation Tax 💷
The new accountant ( YourBooks ) starts their usual onboarding review and something doesn't quite add up.....
After digging deeper, they discover well over £18,000 of CIS tax suffered that hasn't been correctly reflected in the clients books 🤯
Some corrective bookkeeping and call to HMRC, the Corporation Tax is offset against the CIS suffered, and not only does the £18,000 tax bill disappear... the client is actually due a refund on top!
The scary part?
Without that second review, the business could have paid the £18,000 and carried on, none the wiser.... 🤦♂️
It's a reminder that in construction, getting the numbers right isn't just about filing accounts. It's about making sure every CIS deduction is properly accounted for and every penny you're entitled to is claimed.
Sometimes, asking one more question can make all the difference....
If you're looking for a new accounting provider, you know what to do! 👇
📞 01978 254420
📧 [email protected]
💻 Your-books.co.uk