As a contractor in the construction industry it is often your job to manage contractors and subcontractors, therefore you need a system that pays the effectively and is as flexible as working patterns of the industry themselves. Introduced by the Government the scheme for this industry provides a number of benefits for developers and contractors alike, maintaining records and compliance.
What is the Construction Industry Scheme (CIS)?
CIS sets out clear rules for the relationships with developers, contractors and subcontractors regarding payments and record keeping. Within these rules compliance for records and payments can be maintained and synchronised across the industry. These are great for making sure you are in line with the competition and industry standards.
What is the benefit to your business?
As a developer you would benefit through the administration being reduced for your company directly, at Payroll Village our team would handle these aspects necessary for compliance. Our account managers would be on call to handle changes and instructions that you may make to your structure, with contractors and subcontractors kept up to date and informed about payments.
The main benefit for your business is the cost saving that can be achieved in reducing direct administration.
Further Benefits...
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Full control
with CIS there is full control of the contractors and subcontractors that are a part of your development, managing them through payroll allows disputes to be handled independently and independently referred to the correct legal channels.
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Verify subcontractors and contractors
Making sure your contractors and subcontracts are registered with the proper authorities before you pay them is essential for protecting your businesses. We verify that all of the paperwork and records are correct before .
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Monthly Tax and National Insurance handled
Each year the tax system changes, with amounts and rules modifying systems in place. Our team at Payroll Village are continually in contact with HMRC, maintaining records and information to keep you and all our clients up to date with information. With this constraint contact and updating procedure our processes simply keep you paying the right amount of tax and national insurance, no missed payments, and therefore no fines or charges when it comes to your payroll information in your tax returns.
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Insurance and protection
Coverage with insurance can be expensive and complicated to make sure that every scenario that is needed is covered for and is appropriate for your construction site. Each of the people and subcontractors can be insured and protected under our schemes, therefore ensuring a safe and secure working environment.
Your next step...
If you work in construction and are a subcontractor or contractor then your next step is to contact us, will then discuss your options with you, and then come and present to you, from there you can sign up and start getting you payroll managed. Take out the paper work, save time and money with Payroll Village today.