Our payroll service offers a flexible and cost effective solution to your business. We take care of all the administration and submissions of paperwork to relevant authorities.
The process starts by setting your business up on our payroll system so you don't need to invest in IT. Then on a monthly or weekly basis you submit payment details as well as changes regarding your staff. We will send you payslips and reports describing various deductions and payments to staff, HMRC or other authorities.
With new employees we cover all aspects of staff employment including administration of contracts, security / credit checks, referencing, system set up or even induction training. For employees already working in your business we will advise you on matters such as pension schemes, H&S requirements or disciplinary procedures. We will advise you on how to terminate employment in the most cost effective way protecting your business.
The Construction Industry Scheme (CIS) scheme has gone through significant changes in 2007-08 tax year making employers more liable when engaging contractors or employees. Under the new scheme subcontractors may be entitled to receive payments without deduction of tax if they have satisfied certain criteria, such as a compliance test. Otherwise there is a standard deduction rate for registered subcontractors of 20% and 30% for unregistered subcontractors.
To ensure that the correct rate of tax is deducted, all new subcontractors taken on after 6 April 2007 will have to be verified, which means that certain specific information has to be obtained from the subcontractor and checked with HMRC.