What is it? The Construction Industry Scheme, or CIS as it is more commonly known, was set up more than 50 years ago to deal with compliance issues in the construction sector. HM Revenue & Customs (HMRC) found […]
What to report As an employer, you are required to report details of your entire payroll via a ‘Full Payment Summary’ (FPS) each time your employees are paid. This means that if you pay weekly you will make […]
P60 At the end of each tax year, employers must provide all employees that were employed on 5th April with a P60. They must do this no later than the 31st May in either electronic or paper format. […]
Starting a new business is an exciting and often daunting time with all of the admin, compliance and other pitfalls that the new founder has to navigate. For many businesses the first few hires can mean the difference between […]
In the annals of business, outsourcing payroll has always been considered a logical move. Navigating through the labyrinths of look-up tables, issuing cheques, and drafting payslips were all monotonous and painstaking tasks, prone to inaccuracies that could impact […]