Question 1

What is CIS payroll, and how does it work?

Accepted Answer

CIS payroll refers to the Construction Industry Scheme, a government system for managing tax deductions for contractors and subcontractors in the construction industry. Contractors deduct a percentage from subcontractor payments for tax and National Insurance and send these to HMRC. At Accupay Ltd, we handle the entire process, ensuring compliance with regulations and timely, accurate payments.

Question 2

Who needs CIS payroll services?

Accepted Answer

CIS payroll services are essential for contractors and subcontractors working in the construction industry. Contractors must register for CIS and manage deductions for subcontractors. Subcontractors benefit from accurate payroll processing, detailed pay statements, and a stress-free experience when working with Accupay Ltd.

Question 3

How does Accupay Ltd ensure compliance with HMRC regulations?

Accepted Answer

Our team stays up-to-date with the latest HMRC guidelines and regulations for the Construction Industry Scheme. We ensure accurate calculations for CIS deductions, detailed reporting, and timely submissions, helping your business remain compliant and avoid potential penalties.

Question 4

Can Accupay Ltd handle payroll for small and large construction firms?

Accepted Answer

Yes! We provide tailored payroll solutions to suit businesses of all sizes, whether you're a small contractor managing a few subcontractors or a larger construction firm with a bigger workforce. Our scalable services adapt to your needs, ensuring efficient and accurate payroll processing.

Question 5

What kind of reports or statements will I receive?

Accepted Answer

We provide detailed pay slips and statements of earnings for subcontractors, as well as reports for contractors that outline payroll expenses and tax deductions. These reports help with financial planning, budgeting, and staying compliant with HMRC requirements.

Question 6

How can I see my financial information?

Accepted Answer

You can log in to our portal and see everything! From your weekly earnings to your payslips.