sole trader - operating under cis

sole trader - operating under cis

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Looking for advice on fees if anyone would be so kind - new sole trader client just starting out as a Joiner.  I have established in earlier posts today that a reasonable number might be £500 for soletrader and £1000 for a limited company fee.

Client is going for sole trader option, but having met him I see that CIS scheme probably applies to him.  He will occasionally pay a couple of self employed Joiners to assist him with bigger jobs (hence I assume these are classified as sub contractors).  Likewise he will do regular work for a main contractor, as well as private home/repair type work.

Haven't dealt with CIS before and currently reading through HMRC guide.  Without appreciating the actual work involved in monthly returns/calculations etc, how much could/should this alter the £500 fee, or is this negligible work once I am up to speed and everyone registered.  I use Moneysoft Payroll Manager which has CIS facilities.  Client will have one contractor, and possibly 2 or 3 subcontractors at any one time.

appreciate any guidance

cheers

mick

Replies (7)

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By tonyhawley1941
23rd Oct 2014 06:08

SUB CONTRACTORS

Being semi retired I do not charge much for subbies accounts and tax returns - 150! 

Bear in mind in your case there is an opportunity for you to sign up 2 or 3 new clients if your main contractor recruits some subcontactors.

 

Thanks (1)
Replying to spidersong:
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By Mick Milne
23rd Oct 2014 17:16

good thinking

Hi Tony

Thanks for your comments - point 1 put me off a bit  :)

but I Iike the idea of recruiting a couple of other clients at the same time!  Must follow that up

 

cheers

mick

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By tonyhawley1941
23rd Oct 2014 06:15

AUTO ENROLMENT

Another factor for your client are the new regulations to offering pension schemes (AE).

It maybe that AE will not effect subcontractors BUT it will worth checking this aspect as them he will need a payroll software that can cope with both CIS and AE. 

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Replying to Tax Dragon:
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By Mick Milne
23rd Oct 2014 17:13

thanks for this - pretty sure

thanks for this - pretty sure Moneysoft Payroll Manager covers the CIS scheme and auto enrolment, but you are right; another additional burden on the little man trying to earn a living!

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By Minnie136
23rd Oct 2014 21:10

CIS

I have a sole trader builder who has just set up a CIS scheme.  I charge £50 per quarter.  I use Moneysoft and am pleased, it took minutes (chasing builder for numbers took weeks tho).  There is only 1 subbie.  Up to you if you charge for setting up scheme and for filing RTI (for CIS suffered I assume you have to do this). I would say that £500 is on the high side already unless his accounts are complicated/bad records etc.

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Replying to zirinisp:
By petersaxton
23rd Oct 2014 21:14

Don't chase!

Minnie136 wrote:

I have a sole trader builder who has just set up a CIS scheme.  I charge £50 per quarter.  I use Moneysoft and am pleased, it took minutes (chasing builder for numbers took weeks tho).  There is only 1 subbie.  Up to you if you charge for setting up scheme and for filing RTI (for CIS suffered I assume you have to do this). I would say that £500 is on the high side already unless his accounts are complicated/bad records etc.

I wouldn't chase. I would warn the builder of the consequences and ask for the information to be provided a certain number of days prior to when the payroll needs to be run.

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By Minnie136
23rd Oct 2014 21:25

Thanks

Once I went down from £50 per return to £50 per quarter as only 1 subbie, I explained that I had to receive the numbers within a week and any additional emails would be chargeable. Will see what happens next month. 

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