CIS Payroll in London
CIS Payroll in London
Outsourced CIS payroll services in London
Bishop Oak is a specialist CIS Payroll company that is Professional Passport accredited, providing CIS payroll services in London.
Why outsource CIS payroll in London?
In order to keep your construction company HMRC compliant, you have to abide by all rules and laws. Here’s where working with a CIS payroll company comes in handy. Using the Construction Industry Scheme (CIS) payment methodology and serving as an outsourced intermediary, we will handle all payroll-related tasks.
Our expert team will handle all deductions, remittance slips, and other administrative duties, such as confirming papers related to the right to work, employers’ liability, public liability, and public indemnity, as well as income protection insurance. Your assigned account manager will be accessible to you both during and after business hours if you require assistance or have any questions when working with us.
What are the benefits of outsourcing CIS payroll in London?
There are many benefits of outsourcing payroll CIS payroll to a company like Bishop Oak, these include:
- A committed team supporting you with back office tasks so you can concentrate on other areas of your business.
- A branded portal for workers to view all their documents in one place, reducing confusion and paperwork.
- A team to address employee inquiries, saving you time.
- A payroll model that eliminates issues around compliance when used correctly.
- A money-back guarantee: we’ll reimburse you for the worker’s margin if you’re not satisfied with our service.
How is CIS payroll calculated?
Payroll calculations can be a challenging procedure, particularly when taking into account all of the variables that are associated with the construction industry. In order to calculate payroll for your construction company, you must maintain precise documentation of the number of hours worked by the workers, including overtime and deductions. Additionally, you’ll be required to calculate payroll taxes, which can take a lot of time. To guarantee accuracy and efficiency, a lot of construction companies contract with a specialised CIS payroll company to handle their payroll.
Ditch the stress of payroll for your construction business and let us deal with all things CIS payroll, with Bishop Oak you are always 100% compliant. Contact our team to get started.
What is CIS?
CIS stands for Construction Industry Scheme, which you may have heard of if you work in the construction business. Contractors and subcontractors in the construction business can use CIS to pay their taxes. The plan was made to help stop tax cheating in the building business. If a contractor or subcontractor wants to use CIS, they must sign up with HMRC and pay their workers according to certain rules. Contractors have to check the state of their subcontractors and take out taxes based on what they find. Read our CIS blog or get in touch with our team to learn more about CIS and how it can help your building business.
To get started on your simplified, compliant payroll journey contact our friendly team today.
Contact Us Today
To get a UTR number you will need to register for HMRC online services. To get your UTR number you will need:
- Date of birth
- Address
- National Insurance number
- Your email address and contact number
- The name address and nature of your business
- Your business telephone number
- The date your self-employment started
Once you have successfully registered HMRC will post your UTR number to you, if you need to access your UTR number sooner you may be able to do so through the HMRC app.
Yes, you can view CIS payments through the online portal on the HMRC website.
To check CIS you can use the CIS service on the HMRC website or you can call the HMRC CIS helpline. If you are a subcontractor you will be able to check CIS payments through remittance/payslips.
You can register for CIS online via the Government Gateway or you can call the HMRC CIS helpline on 0300 200 3210.
In our online portal. When you are registered with us to be paid you will receive login details to the portal where you can view your CIS statements along with your payslips.
When you register for CIS you will be given a CIS verification number which proves your CIS status, this will be in the form of a letter or digital confirmation and allow contractors to deduct tax at a rate of 20% instead of 30%.
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