The construction industry has suffered a well documented and severe downturn over the past two years of economic uncertainty.
External payroll services are now offering sector specific payroll solutions to resolve HR payroll problems of business owners in the construction industry, thus helping them to free up their resources to face other challenges during a time of low consumer confidence.
Payroll issues for construction businesses are more complex than many other sectors. It is the norm for construction business owners to sub-contract work to individuals or teams of sub-contractors. All sub-contractors have to be officially verified before an employer can pay them and all payments issued by the employer are subject to sector specific taxation known as the Construction Industry Scheme (CIS). Besides adherence to this unique legislation, construction business employers are also obliged to file their tax returns on a monthly basis.
Payroll companies are able to alleviate the time factor and apply a much needed layer of industry specific expertise. Our complete payroll solutions encompass sub-contractor verification and correct tax compliant payment rates, run alongside regular PAYE staff payments as applicable.
Alternatively, simpler payroll services are available, allowing construction business owners to verify the status of their sub-contractors by phone or online. The verification data they receive then assures accurate CIS tax deductions for future pay runs.
We, at Francisca Management Services, are registered HMRC CIS agent use officially recognised Sage CIS enabled Bureau software approved by HMRC for the provision of CIS payment solutions. Our Sage CIS software payroll services are CIS tax compliant, fit for purpose for monthly CIS tax returns and online sub-contractor verification requests.
HMRC Registered CIS payroll solutions
Anybody involved in employing workers in the building industry will be well aware that the Construction Industry Scheme (CIS) can be a minefield at times, and complying with all of the relevant legislation and regulations can be a full time job in itself.
Employers must complete a verification procedure before paying a sub-contractor and the payments are subject to specified CIS tax rates. Employers are also required to file their monthly tax returns over the internet.
As experienced specialists in the field of CIS and HMRC CIS, at Francisca Management Services we make it simple for you to run an efficient and accurate CIS payroll to meet all HMRC requirements, with our dedicated Construction Industry Scheme CIS software Contact us on 020 8771 7755 or use our online form
