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Payroll and CIS services

Administering your payroll when running a business can be time consuming and any lack of understanding can become extremely unproductive.

  1. Services

At Elite Financial Accounting, we specialise in providing comprehensive payroll and Construction Industry Scheme (CIS) services to ensure your business stays compliant and efficient. Whether you're an employer looking for hassle-free payroll solutions or a contractor needing CIS assistance, we have the expertise to help you every step of the way.

Payroll services

Managing payroll can be complex and time-consuming. Our payroll services are designed to give you peace of mind by ensuring full compliance with UK payroll legislation and streamlining the process for your business.

What we offer:

  • Employee payslips: We generate detailed, easy-to-understand payslips for all your employees, ensuring accuracy and transparency.
  • Real-Time Information (RTI) submission: We submit RTI filings to HMRC on your behalf, ensuring you meet all statutory deadlines.
  • P60 and P11D preparation: We prepare P60s for year-end reporting and P11Ds for employee benefits, keeping your records up-to-date.
  • Staff cost analysis and departmental reports: We help you analyse staff and departmental costs for better budgeting, resource allocation and financial planning.
  • Full compliance: Our services ensure your payroll is fully compliant with current UK payroll legislation, avoiding penalties and ensuring accuracy.
  • And more: Our payroll services are comprehensive, covering all your needs. If there’s something specific you require that isn’t listed, simply ask, we’re here to deliver tailored solutions that fit your business.

CIS services for Contractors

The Construction Industry Scheme (CIS) can be complex, but it’s essential for contractors and subcontractors to get it right. Our experienced team will guide and support you to ensure compliance with HMRC requirements.

What we do:

  • CIS registration: We assist with CIS registration to ensure you meet all the HMRC requirements as a contractor or subcontractor.
  • CIS deductions: We calculate and submit CIS deductions to HMRC on your behalf, ensuring timely and accurate payments.
  • CIS returns: We file your monthly CIS returns to HMRC, keeping you compliant.
  • CIS statements: We generate and issue CIS statements to subcontractors, detailing the deductions made.
  • CIS advice: We offer guidance on best practices for managing CIS, helping you avoid common mistakes and penalties.
  • And More: Our CIS services cover all the essentials, if you need help with any specific CIS-related tasks or have unique requirements, just let us know. We’re always ready to provide customised solutions to keep your business running smoothly.

FAQs

The Construction Industry Scheme (CIS) is a tax deduction scheme for construction workers. It requires contractors to deduct money from a subcontractor’s payment and pass it to HMRC. We can help manage this process from start to finish.

CIS returns must be submitted monthly, by the 19th of each month, covering the previous month’s deductions. We ensure that your returns are always filed on time.

Failing to comply with payroll or CIS regulations can result in significant penalties and fines. Our services help you avoid these risks by ensuring timely and accurate submissions.

Contact us today for a free Payroll and CIS consultation

Want to ensure your business is compliant with payroll and CIS regulations? Get in touch with us today for a free consultation, and let’s discuss how we can help you streamline your processes.

Get in touch to learn more about our services.

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