Comprehensive Payroll Services from Accountants
in Woolwich, London
Complete all payroll services promptly and professionally with help from our experienced accountants. Working with clients in Woolwich, London, and throughout the UK, we take care of all aspects of your payroll requirements and tailor our cost-effective services to your specific needs. What’s more, we provide support and advice for VAT and CIS-registered clients, including filing tax returns and creating CIS invoices. Get in touch today to request a no-obligation quote.
What Is Payroll?
If you run a business and employ staff, then you are required to complete payroll. Payroll is the term used to describe records and calculations for the pay and deductions of employees’ income tax and national insurance under the PAYE (Pay As You Earn) system. Our experienced team are ideally placed to handle all PAYE administration, including tax, national insurance payments and all statutory deductions.
Our Services
Our friendly and experienced staff provide first-class services in the following areas:
Our Services
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Payroll Setup
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All Statutory Requirements, including Tax, SSP, SMP, SPP, and Student Loans
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Advice on Tax and National Insurance Matters
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Bespoke Reports, Tailored to Your Requirements
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Payroll Data for Use in Microsoft Office Excel
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Monthly Payslips
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RTI Compliance
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Forensic Accounting
CIS (Construction Industry Scheme) and VAT Registered
We offer a variety of services for contractors or subcontractors based in Woolwich, London, and the surrounding areas. We can help you file your CIS return or claim a CIS refund. With years of experience and an excellent track record of satisfied clients, we provide the following services:
CIS (Construction Industry Scheme) and VAT Registered
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Completing CIS Registration as a Contractor and Subcontractor
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Submitting CIS Monthly Returns
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Monthly Deduction Statements
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How to Create a CIS Invoice
Both new and existing clients have asked us how to create a CIS invoice to send to customers, which is why we have provided the following example Invoice, showing VAT and CIS deductions.
If you charge £450 for labour and £75 for materials, VAT must be calculated on the total of £525 and CIS (20%) on labour cost, as follows:
- Your Labour Cost (excl. VAT) - £450.00
- Materials - £75.00
- Total before VAT - £525.00
- VAT @ 20% - £105.00
- Total before CIS - £630.00
- CIS @ 20% on Labour Element Only - (£90.00)
- Total Payable by Customer - £540.0
Remember, don't discount your labour element, as your invoice must show the original cost before any CIS is deducted at the appropriate rate. Therefore, the CIS is only deducted from the Labour element of your invoice and does not affect the VAT amount the customer has to pay.