Payroll and CIS
Payroll and CIS meeting

Payroll and CIS Services

If you employ people you are most likely going to need to set up a payroll. In addition, you may also be required to set up an auto-enrolment pension for your staff.


I can help by setting up and/or running your payroll, including statutory sick pay, statutory maternity pay and all the other things to consider.

Payroll and CIS folders
If you employ staff, you will most likely need to set up a formal payroll with HMRC.  The services I offer include:

 

  • Registering your payroll with HMRC.
  • Setting up a payroll on your own software if you are going to run it yourself.
  • Running weekly, monthly or annual payroll for you, whether your staff are paid hourly, weekly or monthly.
  • Dealing with bonuses, attachment of earnings, staff loans and various other additions and deductions.
  • Help with benefits in kind and deciding how to reward yourself and your staff.
  • Dealing with the various statutory payments for parents and people who are sick etc.
  • Checking you are complying with minimum wage requirements.
  • Tracking holiday entitlement
  • Processing CIS (Construction Industry Scheme payments).
  • Helping with autoenrollment compliance alongside your pension advisor.
  • Setting director's optimal salary levels to minimise overall tax bills.
  • Putting you in contact with trusted advisors for pension scheme advice.

 

What is CIS?

CIS stands for "Construction Industry Scheme".  It is a compulsory scheme for individuals, businesses and companies working as contractors and subcontractors in the construction industry and collects tax due on earnings during the year.  

If CIS applies to you then you have to register with HMRC.  If you are a subcontractor you will usually have tax deducted from what you earn by the person you are working for.  At the end of the year you will need to do a tax return to pay any extra tax you owe or to reclaim any overpaid tax.

If you are a contractor then you will have to deduct tax from your subcontractors and pay it over to HMRC each month.

It is possible to be both a contractor and subcontractor at the same time.  It is also possible to register for what is called "Gross Status", meaning tax is not deducted during the year, but you still have to report monthly and comply with the CIS rules.

I can help you decide if the rules apply to you, help you register and help you run CIS.

Do you need a payroll?
If you would like to discuss the services above please give me a call or send me an email.
Contact me
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