Payroll & CIS
At Harrow Accountancy we can offer you a full payroll service with plenty of options to suit you and your business.
If your business has expanded and you need to employ more people then it’s understandable to feel daunted by the duties required to run a payroll on top of everything else you need to do. Meeting your obligations as an employer to HM Revenue and Customs (HMRC) can be confusing and time-consuming. Furthermore, the increased responsibilities to your employees surrounding auto enrolment pension contributions can really add to the workload.
By working with Harrow Accountancy, it’s possible to maintain your responsibilities as an employer, while freeing yourself of the day-to-day concerns that payroll can bring.
For people in the building trade, CIS tax returns are a fact of life. Making a mistake when filing your CIS tax return online could lead to you paying way too much tax on your pay. Here at Harrow Accountancy, our experts are on hand to manage your CIS tax returns hassle-free.
Getting paid through the Construction Industry Scheme (CIS) means that your contractor has to take out a substantial amount of your pay before you get it. This money then goes straight to the HMRC, and is supposed to act as “advance payment” toward the tax and National Insurance you’ll owe. This is the law, and your contractor doesn’t have any choice about it.
The good news is that you can claim back the extra tax you’ve paid in your Self Assessment tax return. Despite having 20% of your money taken by HMRC, you still have to file a return. If you’ve paid too much tax, you’ll get this back as a tax refund.