Being a responsible employer or customer does not only mean you pay the right amount on time. For instance, a construction company that employs subcontractors will have additional duties as Her Majesty’s Revenue and Customs (HMRC) would see fit. Your CIS Payroll may have to adjust if this department categorizes these recruits as part of your workforce.
Delinquency on the part of the employer, whether intentional or not, is not taken lightly by HMRC. And take note: they will go after you, not the employees. With all other things that you have to attend to in running the construction company, changes in the regulations may slip your mind. These being said, you would benefit from hiring a service provider for your CIS Payroll needs.
Having a payroll vendor to take care of these stuff is advantageous in that…
- You do not have to worry about sudden changes implemented by the HMRC. It would be your payroll vendor’s duty to keep track of the latest updates. You will be informed of these changes too. The eebs is an expert of cis payroll; you can visit their original site for detailed info.
- The CIS Payroll model will be designed according to your construction company’s needs. It can also be revised anytime by the service provider when the needs arise.
- The data recording and calculations will be comprehensive, error-free and accurate. You have highly-trained professionals, computers and software working together to make sure of that. They may even see details that your own staff have overlooked.
- This option saves you time, effort and even money that you can put in other aspects of the operations.
A reliable payroll vendor will allow you to implement an efficient CIS Payroll system that not only ensures wages are paid on time, but also allows you to pay all the taxes diligently, no matter what the HMRC protocols are implemented.