JMK’s range of payroll services will ensure your employees and contractors get paid with minimal fuss, in the most tax-efficient and compliant way possible.
Our experience of working with over 50,000 contractors has taught us that when it comes to payroll, it’s best to keep things as simple as possible – so they get paid on time, every time and in a fully compliant way.
With the many recent legislation changes regarding employment status and expenses, it has never been more important to ensure your payroll is handled by professionals.
We protect all of our contractors and make sure they are using the correct service for their current engagement, so that only eligible expense claims are made. This means no unexpected tax bills and a very straightforward process for claiming eligible expenses that will increase their NET earnings by reducing the tax they pay.
And because they are employed, they have access to many benefits such as statutory sick pay and maternity/paternity pay.
In addition, JMK’s complete range of contractor payroll services ensures that we can handle any type of engagement or assignment that they may have. Meaning that they are always on the correct tax code and they never have the hassle of joining another payroll company.
The Construction Industry Scheme (CIS) is an HMRC approved scheme that applies to construction-based operations and sets out the rules regarding how payments to sub-contractors must be handled for construction work. We ensure all contractors are registered with HMRC for CIS status, have been issued with a UTR (Unique Tax Reference) number and card.
This UTR number dictates the amount of CIS tax deducted from their payments. If they are not already registered for CIS status, we will urge them to contact HMRC directly via their website – https://www.hmrc.gov.uk/CIS/.
The majority of CIS contractors have CIS tax deducted at either 20% or 30%. If they are a sub-contractor in the construction industry or applying for CIS status, we can help them.
We provide a hassle-free CIS Payroll Service to handle invoicing, receive payments from their agency or company, processing of their payments and deduction of CIS tax.
Our service is designed for new and established contractors, sub-contractors and sole traders processing a UTR number and is fully complaint with the CIS scheme.
At the end of the year JMK can also assist them with any necessary tax returns and claiming back of any over payment in tax.