Payroll & CIS Return Services

Payroll & CIS Return Services

Managing payroll and Construction Industry Scheme (CIS) returns can be time-consuming and complex for businesses, especially in industries with fluctuating workforces like construction. At Ritz Accounting, we offer comprehensive Payroll and CIS Return services that ensure your employees are paid accurately and on time, while also keeping you compliant with HMRC regulations.

What We Offer:

• Payroll Processing: We handle the entire payroll process, from calculating salaries, deductions, and benefits to issuing payslips and ensuring that all statutory requirements are met. Whether you're a small business with a few employees or a larger enterprise with a complex payroll structure, we provide a tailored payroll service that meets your needs. Our payroll services ensure that you comply with tax, national insurance, and pension contributions, taking the hassle out of payroll administration.
• RTI (Real Time Information) Submissions: As part of our payroll service, we submit your payroll information to HMRC in real time. This includes reports on employee earnings, tax and national insurance contributions, and any other deductions. By ensuring your RTI submissions are accurate and timely, we help you avoid penalties from HMRC for late or incorrect submissions.
• Pension Auto-Enrolment: Pension auto-enrolment has become a legal requirement for all businesses. We ensure that your payroll system is fully compliant with the auto-enrolment rules, helping you enroll eligible employees in a pension scheme and manage contributions. Our team handles the administrative tasks to ensure that your business meets its obligations without extra workload.
• Employee Benefits Administration: If you offer additional employee benefits such as bonuses, allowances, or commission payments, we ensure these are processed correctly within your payroll. We also assist with the reporting of benefits in kind (BIKs) and ensure that these are included in your employee's tax calculations.
• Holiday and Sickness Pay: Our payroll service includes managing holiday pay, sick leave, and statutory pay such as maternity/paternity leave. We calculate the correct amount of statutory pay your employees are entitled to, based on their earnings and time off, so that you remain compliant with the relevant laws.
• CIS Returns for the Construction Industry: If your business operates in the construction industry, you are likely required to follow CIS rules. This means you must verify contractors, deduct tax at source, and file returns to HMRC. We help you manage all aspects of CIS, including registering your business for the scheme, verifying subcontractors, and ensuring tax deductions are accurate. We also prepare and file your monthly CIS returns, ensuring that all information is submitted correctly and on time.
• CIS Deductions and Payments: As part of the CIS scheme, tax deductions must be made from payments to subcontractors. We ensure that the correct deductions are made based on the subcontractor’s tax status (whether they are registered with HMRC or not), and we ensure that these deductions are paid to HMRC on time to avoid penalties.
• Year-End Payroll Services: At the end of the tax year, we handle all necessary year-end reporting for both payroll and CIS. This includes issuing P60s to employees, ensuring that final payments and deductions are recorded correctly, and preparing the necessary year-end returns for HMRC. We also ensure that you are fully prepared for any end-of-year audits.
• HMRC Compliance and Reporting: Our payroll and CIS return services ensure that your business remains fully compliant with all HMRC regulations. From tax calculations to national insurance, we ensure that all payroll and CIS-related filings are accurate and timely, minimizing the risk of fines and penalties.

Why Payroll & CIS Return Services Matter:

• Accurate and Timely Payments: Payroll mistakes can lead to employee dissatisfaction, penalties from HMRC, or potential legal issues. With our services, we ensure your employees are paid correctly and on time, and that all necessary deductions are accurately calculated.
• Avoiding Penalties and Interest: HMRC has strict deadlines for payroll submissions and CIS returns. Late or incorrect filings can lead to costly penalties and interest charges. Our team ensures that all submissions are accurate and filed on time, protecting your business from these risks.
• Compliance with Tax and Employment Laws: Navigating the complex tax and employment laws related to payroll and CIS can be challenging. Our expert team ensures that you comply with the latest legislation, so you can avoid costly mistakes and focus on running your business.
• Peace of Mind: With our Payroll and CIS Return services, you can rest assured that all aspects of your payroll and CIS obligations are being handled efficiently and accurately. This allows you to focus on growing your business, knowing that your compliance and employee management are in safe hands.

Why Choose Ritz Accounting for Payroll & CIS Return Services?

At Ritz Accounting, we understand the complexities of payroll and CIS compliance. Our experienced team works closely with your business to ensure that all payroll processes, from regular pay runs to year-end reporting, are handled with precision and care. We also provide dedicated support for the construction industry to ensure that your CIS returns are filed correctly and on time.

Our Payroll and CIS services are designed to help you save time, reduce the risk of errors, and ensure compliance with all legal requirements. Whether you have a small team or a large workforce, we offer a flexible and cost-effective solution that is tailored to your needs. Let us take care of your payroll and CIS obligations so you can focus on what matters most – growing your business.