Payroll & CIS
Payroll can be a complex and time-consuming process, which is why it makes sense for small and medium sized organisations to outsource it to a knowledgeable, experienced provider such as Abacus.
We offer a full payroll service including pension auto-enrolment. Our bookkeeping service accommodates all payroll frequencies from weekly to monthly and we work alongside an HR specialist who can assist with the more complex matters affecting a workforce.
All your employees will also have access to a self-service portal allowing them to view and download their payslips and records at any time.
Our service includes:
- Full reports including payslips
- New starter forms
- P45s and P60s
- Monthly summary of PAYE/NI liabilities
- All electronic filing done on your behalf
- SSP and maternity pay
- P11D submissions
- Staff benefits
- Employee self-service portal for all members of staff
Construction Industry Scheme (CIS)
Under the Construction Industry Scheme (CIS), contractors deduct money from subcontractor payments and pass it to HMRC.
Both contractors and subcontractors need to be registered with HMRC for the CIS, which allows deductions to count as advance payments towards the subcontractor’s tax and National Insurance.
Paperwork is often a low priority for many builders. We can help you to manage the CIS process from beginning to end and provide monthly reconciliations.
Our sevice includes:
- Verify subcontractors with HMRC
- Calculate the amounts due to subcontractors after the correct tax has been deducted
- Submit monthly CIS returns to HMRC
- Issue monthly deduction statements for subcontractors
Domestic Reverse Charge Scheme
The Domestic Reverse Charge Scheme (DRCS) is an extension of CIS and applies to transactions reported under the CIS between VAT-registered contractors and sub-contractors.
This can be a potential minefield for those operating within the scheme. We can help you identify those business relationships where DRCS must be applied.
