As a business grows, you might take on permanent employees who you pay using the pay-as-you-earn (PAYE) system. This deducts tax at source, withholding it on income payments to your employees so they don’t have to complete tax returns. It’s your obligation to ensure staff are paid correctly through PAYE, meaning you’ll need to set up a payroll. We can set up and administer a payroll scheme for you, giving you back valuable time to grow your business further.
For people in the construction industry, we can also assist with construction industry scheme (CIS) deductions. This is a complex scheme to understand without prior experience – luckily for you, we know it inside out, and can give you the best advice depending on your circumstances.
Get a quote for payroll, PAYE and CIS services
Navigating CIS supporting contractors and subcontractors
If you’re working in construction, the construction industry scheme (CIS) may be applicable to you. Contractors deduct advance payments for tax and national insurance from a subcontractor’s wages, and both parties need to be registered for lower rates to be applicable.
Understanding CIS is complex and there are many factors that come into play. We work with both contractors and subcontractors to ensure both parties understand their obligations and will pay the right amount of tax.
CIS – what’s a contractor or subcontractor?
Subcontractors provide labour services to contractors, but they’re not directly employed by them. Typically, a subcontractor isn’t entitled to holiday or sick pay and bears all the risk of the contract – they should have their own insurance and tools.
CIS services for contractors
- Help you decide if people working for you are legally classed as employees or subcontractors
- Get you set up with the CIS so you can make deductions for your subcontractors
- Calculate deductions and submit information to HMRC, in much the same way as a PAYE return
CIS services for subcontractors
- Get you set up with the CIS
- Complete and submit your self-assessment each tax year
- Calculate if you’re due a rebate
HEAR FROM OUR CLIENTS
Here’s what our clients had to say about our accountancy services:
“I have worked with Adams Accountancy for 2 years now and the level of service and professionalism received from Michelle and the team has been second to none and I would not hesitate in recommending Adams Accountancy to any other organisation.”
Sarah Rhucroft-Kirkwood Kirkwood Consulting Limited
“Since taking up my new role as Committee Treasurer to our local pre-school, I have taken over the pre-existing relationship we had with Michelle and her team. It’s been great to work with them over this past 18 months as they have really helped us look at where we were and what you could do differently. Supporting us through several business changes, recommending specialists that could help us in other aspects of our growth and getting to the bottom of some long-standing questions we had around the circumstances of the services we offer. We are not the same Pre-School we were 18 months ago, large in part to the partnership we have with Adams Accountancy. I can’t wait to see what we do in the next 18 months together.”
James Henderson St Paulinus Pre School Limited