Experts in Payroll & Accounting Services
Each business is unique. One business may need their payroll to be fully outsourced whilst one may not.
It may also be due to whether the management team of a company want to retain some control over the payroll process or if they are happy with outsourcing the responsibility but still having direct access to a payroll team.
If you can't decide whether you should use part managed or fully managed payroll, contact our accredited payroll experts and the can talk through your options with you and develop a bespoke package that suits your needs.
Yes. Our accredited payroll professionals are able to provide payroll services for all businesses.
They have the expertise and knowledge to assist businesses of all sizes and types with their payroll requirements.
Our dedicated, professional and accredited payroll teams use the latest technology and firewalls to protect your and your employees data.
They have developed advanced security procedures to ensure that all client data is kept safe.
Each business has different requirements. That is why our payroll experts work with you to create a package that works, whether it is fully managed or part managed payroll services.
Naturally then, the cost will vary from business to business.
However, we work hard to ensure that you can save money and time, otherwise, what would be the point in outsourcing your payroll to us?
It is the responsibility of every business to ensure that they are HMRC compliant.
However, we will work with you to help ensure that you and employees are compliant, in terms of payroll, income tax, and National Insurance.
Once you have decided upon the pension provider for your employees, we will manage the continued operation of the service if you ask us to or if you opt for our fully managed service.
Unfortunately, you cannot deduct your mileage from the taxes as you are self-employed and registered for CIS.
When dealing with a contractor as a sub-contractor in your daily rate you should be charging for your travel costs and insurances.
You can contact us, and we’ll do it for you.
When you have paid CIS deductions these should be claimed through your company or business payroll scheme.
Do not try to make a claim against your Corporation Tax return because it is likely you will receive a fine.
Monthly Full Payment Submissions (FPS) get sent to HMRC as usual. An Employer Payment Summary (EPS) should also be sent to your employer.
Most ‘labour only’ sub-contractors will have tax deducted at a flat rate of 20%.
This can only happen if HMRC know your UTR on the list of CIS subcontractors.
However, this can rise to 30% as a penalty for not doing your CIS returns on time or correctly.
This all depends on whether you are already employed.
First you must register as self-employed, if this has already been done then your CIS registration can be done as quickly as in a few days.
However, if you are not yet registered to be self-employed registration with CIS can take up to 6 weeks.
Contractors must deduct money from their subcontractor’s payments to pay HMRC under the Construction Industry Scheme (CIS).
These CIS deductions are advance payments towards the subcontractors National Insurance and tax. This is to ensure that sub-contractors are up to date with their taxes.
However often the subcontractors will have overpaid their taxes for the year and we can help to get a rebate for them.
If you are a contractor, you must be registered for CIS before you take on your first sub-contractor.
Sometimes they should not be a subcontractor but an employee instead and you must also check this, if they are a subcontractor instead of an employee then you will most likely incur a fine. You must also check that your subcontractors are registered for CIS with HMRC.
If you are a subcontractor you must register for CIS before you begin work or you will incur a penalty, and your tax rate will rise. Usual from 20% to 30%.
For subcontractors, under the construction industry scheme you will pay a fixed amount of 20% which will cover you National Insurance and income tax.
Many subcontractors are then entitled to a refund under this scheme as it does not consider your expenses.
Under the Pay as You Earn (PAYE) Scheme, as an employee, then you pay the ‘correct’ amount of tax. Any refund will be given through your wages.
With a number of similarities to PAYE, the Construction Industry Scheme (CIS) is a mandatory withholding tax where either 20% or 30% is deducted from a self-employed construction subcontractor's payments and paid directly to HM Revenue and Customs on their behalf.