Why use our Payroll Services?
Many of our clients find it more convenient to hire subcontractors, rather than employees and hence use our outsourced payroll services. Our payroll service is efficient and cost-effective, and takes the headache out of hiring staff – both for you, and for the subcontractors themselves. People often become subcontractors as an alternative to employment, and so would like to keep the process as simple & painless as possible.
Like other self-employed people, they often worry about fulfilling their tax and regulatory obligations. For example, HMRC requires everyone who is self-employed to complete an annual Tax Return. Also, taxpayers need to ensure their record-keeping meets HMRC’s requirements.
How do subcontractors register with HMRC as self-employed (CIS)?
As our client, we can assist you (and your subcontractors) with the registration process if necessary. All new subcontractors need to register with HM Revenue & Customs (HMRC) as self-employed. For this, they will need their National Insurance (NI) number. HMRC will then provide them with a UTR (Unique Taxpayer Reference) number (if they do not already have one).
What other services do we offer?
We can provide subcontractors with advice on all accountancy and taxation matters, including filing Tax Returns for individuals and companies, calculating Tax and National Insurance liabilities, Capital Gains Tax. We can offer each of the subcontractors a free 1-hour consultation with an experienced accountant, on any accountancy or tax matters.
Outsourced Payroll Services for directly employed staff
Whilst the service listed above is more aligned to using subcontractors as opposed to employed staff, we also offer Payroll Services for small businesses who have direct employees. If you are running a small business employing staff, it can be easier to outsource your payroll function to an experienced payroll solution provider rather than have the headache of trying to cope with this in addition to running your business.
If you would like to speak to one of our team about our outsourced payroll services, please contact us on 020 8643 9633 and we’d be glad to help you.
We are currently paying 350 people per week and total of 1500 subcontractors per month. We are now transferring around £600k-£1.2m on a monthly basis.