For a business there are a number of different ways to pay staff, Umbrella, PAYE, and CIS all operate and can have advantages for different types of businesses, depending on the type of staff, rates of pay, and model of administration that the company wishes to use with employees.
We at Payroll Village work hard to select the right payroll for each company, carefully selecting the most effective way to provide the benefits of each to both the employer and employee. Below you will find each payroll, with the company that this is most appropriate to.
Your Payroll Options
Umbrella
Umbrella is an ideal payroll for your business if you take on a temporary worker or are managing a number of staff on this temporary basis. Umbrella unlocks savings for both the employer and employee through a scheme designed by HMRC which covers expenses and National Insurance against the payroll company. Payroll Village are experts at unlocking this legislation and managing the payment of these staff members. Want to know how this can work in your business? Click more and find out.
PAYE
One of the most common payroll is the pay-as-you-earn system, calculating staff contributions for tax and national insurance was they are earning their pay, therefore taking out the need for them to complete tax returns and submit them to the HMRC. Payroll Village take the burden of administration companies are faced with, handling these processes for your business. The payroll is right for you if you are employing permanent staff, looking to save money on a payroll department, or currently administering this yourself. Find out more about how PAYE can be managed in your business.
Construction Industry Scheme
If you are part of the construction industry then the chances are that you are a contractor or subcontractor. Therefore as part of rules within the industry the government set up the scheme, keeping records and maintaining payments. As part of these rules the administration can be complex and take time to implement. Payroll Village manage these payments and records for companies, and therefore save time and money in the flexible nature of construction. Find out more about how we can manage your records and subcontractors.
Your next step...
Guided by our experts your company will find the right payroll to manage each of the aspects of administration, through to paying staff directly.